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Anglo Pacific Group - Director Share Dealings in Company

RNS Number : 7417O
Anglo Pacific Group PLC
03 June 2020
 

News Release

 

3 June 2020

 

Anglo Pacific Group PLC

Director Share Dealings in Company

 

Anglo Pacific Group PLC ("Anglo Pacific", the "Company") (LSE: APF, TSX: APY) announces that it received notification of the following transactions by Kings Chapel International Limited, a person closely associated with Mr. Julian Treger, Chief Executive Officer of the Company.

 

On 1 June 2020, Kings Chapel International Limited, sold 270,000 ordinary shares of 2 pence each in the Company ("Shares") at a price of 158p per share. This transaction reduces Mr. Treger's interest to 82% of his pre-existing beneficial holding of Shares in line with the Company's announcement on 22 May 2020 and concludes the disposals by Mr. Treger and persons closely associated with him.

 

Mr. Treger and a person closely associated with him have made a significant investment in Shares of the Company since Mr. Treger became Chief Executive Officer in October 2013. In total, prior to this announcement, Mr. Treger and persons closely associated with him had invested approximately £6.0m acquiring Shares in the Company. These Shares had all been acquired on the London Stock Exchange at market price and not under any option package.

 

Following this notification, the total beneficial holding of Shares by Mr. Treger and persons closely associated with him is 4,525,631 Shares, representing 2.49% of the issued ordinary share capital of the Company.

 

The transactions took place on the London Stock Exchange.

 

Directors' Share Dealings - Further information

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described at the beginning of this announcement.

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a.            

Name

Kings Chapel International Limited

2.            

Reason for the notification

a.            

Position/status

Person closely associated with Mr. Julian Treger, Chief Executive Officer of Anglo Pacific Group PLC

b.            

Initial notification/Amendment

Initial Notification

3.            

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.           

Name

Anglo Pacific Group PLC

b.           

Legal Entity Identifier code

213800LXSV317746JZ71

4.            

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.            

Description of the

Financial instrument, type

of instrument

Identification code

2p Ordinary Shares

 

 

GB0006449366

b.            

Nature of the transaction

Sale of Shares

c.            

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

158.00p

270,000

 

d.            

Aggregated information

·    Aggregated volume

·    Price

 

 

270,000

158.00p

e.            

Date of the transaction

1 June 2020

f.            

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

For further information:

 

Anglo Pacific Group PLC

+44 (0) 20 3435 7400

Julian Treger - Chief Executive Officer

Kevin Flynn - Chief Financial Officer and Company Secretary

 

 

Website: 

www.anglopacificgroup.com

 

Berenberg

+44 (0) 20 3207 7800

Matthew Armitt / Jennifer Wyllie / Detlir Elezi

 

 

 

Peel Hunt LLP

+44 (0) 20 7418 8900

Ross Allister / Alexander Allen / David McKeown

 

 

 

RBC Capital Markets

+44 (0) 20 7653 4000

Farid Dadashev / Marcus Jackson / Jamil Miah

 

 

 

Capital Market Communications Limited (Camarco)

+44 (0)20 3757 4997

Gordon Poole / Owen Roberts / James Crothers

 

 

 

Notes to Editors

 

About the Company

Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company's strategy is to become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles. It is a continuing policy of the Company to pay a substantial portion of these royalties and streams to shareholders as dividends.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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