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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Anglo Pacific Group Plc | LSE:APF | London | Ordinary Share | GB0006449366 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 157.00 | 157.60 | 158.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
8 January 2004 ANGLO PACIFIC GROUP PLC Anglo Pacific Group plc (the Company) is pleased to announce that, at the Extraordinary General Meeting held on 7th January 2004, the Ordinary Resolution giving the Company power to offer shareholders a scrip dividend alternative was passed. It is the Board's intention to continue to pay to shareholders as dividends a large proportion of its revenues from its coal royalty and other mining interests. Coal royalties in 2004 from the Company's interests in the Rio Tinto and BHP mines in Australia will be mainly from the private rather than Crown areas and should also benefit from the current growing shortage of coking coal worldwide due to the increasing demand for coal products from China, Japan and the Far East. This has also resulted in the recent substantial increase in coking coal prices. In addition, the Company has in excess of £10M of cash and listed mining interests. Profits from these and the Company's other private mining projects will benefit from the Company's available tax losses of over £30M. The Company has no debt or borrowings and is well positioned to benefit from the upswing in world demand for coking coal and other mining products. For further information: Jonathan Rooper CardewChancery 020 7930 0777 END
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