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Anglo Pacific Group - Completion of £5 million Buyback Programme

RNS Number : 5902E
Anglo Pacific Group PLC
09 November 2020
 

News Release

 

9 November 2020

 

Anglo Pacific Group PLC

Completion of £5 million Buyback Programme

 

Anglo Pacific Group PLC ("Anglo Pacific", the "Company" or the "Group") (LSE: APF, TSX: APY), is pleased to announce that following the purchase of ordinary shares on 6 November 2020, the Company's share buyback programme ("the Programme"), as announced on 25 September 2020 has been completed.

 

Summary

·    Over the course of the Programme, the Company has acquired in aggregate 4,629,703 ordinary shares of 2 pence each in the Company ("Ordinary Shares") between 25 September and 6 November for a total consideration of £5 million, at a volume weighted average price of 107.973 pence per share

 

·    All of the shares that were repurchased under the Programme will be held in treasury

 

·    The Programme was largely financed by the partial disposal of the Company's non-core equity holdings, allowing for the Company to retain its ability to finance growth

 

·    The Company has 181,758,719 ordinary shares of 2 pence each in issue, of which 4,629,703 ordinary shares are now held in treasury. Therefore, the total number of ordinary shares carrying voting rights is 177,129,016

 

·    All purchases made under the Programme were made on the London Stock Exchange through our broker, Peel Hunt LLP

 

Julian Treger, Chief Executive Officer of the Company, commented:

 

"The share buyback programme, which was financed from the partial disposal of the Company's non-core equity holdings has now been completed and we are pleased to see that this has provided an immediate return to shareholders.

 

With a strong balance sheet and undrawn borrowing facilities of US$63.6 million (inclusive of the US$30 million accordion) we are well placed and confident in our pipeline and ability to further grow and diversify our portfolio."

 

 

 

 

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

Farid Dadashev / Marcus Jackson / Jamil Miah

+44 (0) 20 7653 4000



Camarco

+44 (0) 20 3757 4997

Gordon Poole / Owen Roberts / James Crothers




 

Notes to Editors

About Anglo Pacific

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.

 

 

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