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APF Anglo Pacific Group Plc

157.00
0.00 (0.00%)
15 Apr 2024 - Closed
Delayed by 15 minutes
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

Anglo Pacific Group PLC Vesting, Exercise & Sale of Options (3412O)

16/05/2018 5:29pm

UK Regulatory


Anglo Pacific (LSE:APF)
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TIDMAPF

RNS Number : 3412O

Anglo Pacific Group PLC

16 May 2018

News Release

16 May 2018

Anglo Pacific Group PLC

Vesting, Exercise and Sale of Options and PDMR Shareholding

Anglo Pacific Group PLC (the "Company") (LSE: APF, TSX: APY) announces that on 16 May 2018 the Company issued and allotted 37,954 new ordinary shares of 2 pence each in the Company as a result of the vesting and subsequent exercise of share options previously granted on 13 May 2015 by a number of employees, including Mr. Juan Alvarez, Head of Investments.

Mr. Alvarez exercised 5,422 options to subscribe for new ordinary shares of 2 pence each in the Company, which were granted at 92.2p each, and subsequently sold those shares as detailed in the table below.

Following this notification, the total beneficial holding of Shares by Mr. Alvarez and his connected persons remains at 4,000 Shares representing 0.01% of the issued ordinary share capital of the Company.

Application has been made to the London Stock Exchange and admission is expected on or around 21 May 2018. An application has been made to the Toronto Stock Exchange (the "TSX") to list the new shares.

Following admission the total issued share capital of the Company will be 180,939,988 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Following the vesting of the 2015 awards, the Company further announces that on 15 May 2018, it granted to employees a total of 21,378 options to buy ordinary shares of 2 pence each in the Company at an exercise price of GBP1.637 per share under the Anglo Pacific Group Company Share Option Plan ("CSOP"). Some of these options have been granted on the condition that previous options granted under the CSOP, the performance conditions of which have not been met, will be cancelled. Consequently, the Company expects outstanding options over 18,450 shares to be cancelled as a result of the grants.

More information on the CSOP is available in the Company's 2013 Annual Report, which can be found at www.anglopacificgroup.com.

Following the grant, the Company received notification on 16 May 2018 from a person discharging managerial responsibilities ("PDMR"), Mr. Kevin Flynn, the Company's Chief Financial Officer and Company Secretary, that he had been granted new options over 3,054 shares pursuant to the CSOP at an exercise price of GBP1.637 per share. The Company also received a notification on 16 May 2018 from another PDMR, Mr. Juan Alvarez, that he had agreed to the cancellation of outstanding options over 6,150 shares and had been granted options over 3,054 shares pursuant to the CSOP at an exercise price of GBP1.637 per share.

PDMR Share Dealings - Further information

The notification 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                                                          Juan Alvarez 
---  ------------------------------------------------------------  --------------------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------- 
 a.   Position/status                                               Head of Investment 
---  ------------------------------------------------------------  --------------------------------------------- 
 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.   LEI                                                           n/a 
---  ------------------------------------------------------------  --------------------------------------------- 
 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   2p Ordinary Shares 
       Identification code 
                                                                     GB0006449366 
---  ------------------------------------------------------------  --------------------------------------------- 
 b.   Nature of the transaction                                     Exercise and sale of options 
---  ------------------------------------------------------------  --------------------------------------------- 
 c.   Price(s) and volume(s)                                        Exercise Price(s)   Volume(s) 
                                                                     ---------  ---------- 
                                                                      92.2p      5,422 
                                                                     ---------  ---------- 
 
 
                                                                     Sale Price(s)     Volume(s) 
                                                                     -----------  ---------- 
                                                                      157.421p     2,143 
                                                                       157.0399p    3,279 
                                                                     -----------  ---------- 
 
 
                                                                     Grant - Options Price(s)   Volume(s) 
                                                                     ---------  ---------- 
                                                                      163.7p     3,054 
                                                                     ---------  ---------- 
 
 
                                                                     Cancellation - Options Price(s)   Volume(s) 
                                                                     ---------  ---------- 
                                                                      162.6p     6,150 
                                                                     ---------  ---------- 
---  ------------------------------------------------------------  --------------------------------------------- 
 d.        Aggregated information 
             *    Aggregated volume                                   See above 
 
 
             *    Price 
---  ------------------------------------------------------------  --------------------------------------------- 
 e.   Date of the transaction                                       16 May 2018 
---  ------------------------------------------------------------  --------------------------------------------- 
 f.   Place of the transaction                                      London Stock Exchange, Main Market (XLON) 
---  ------------------------------------------------------------  --------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities / person closely associated 
---  ----------------------------------------------------------------------------------------------- 
 a.   Name                                     Kevin Flynn 
---  ---------------------------------------  ------------------------------------------------------ 
 2.   Reason for the notification 
---  ----------------------------------------------------------------------------------------------- 
 a.   Position/status                          Chief Financial Officer & Company Secretary 
---  ---------------------------------------  ------------------------------------------------------ 
 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.   LEI                                      n/a 
---  ---------------------------------------  ------------------------------------------------------ 
 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                       2p Ordinary Shares 
       Financial instrument, type 
       of instrument 
       Identification code                      GB0006449366 
---  ---------------------------------------  ------------------------------------------------------ 
 b.   Nature of the transaction                Grant of Options 
---  ---------------------------------------  ------------------------------------------------------ 
 c.   Price(s) and volume(s)                   Grant - Options Price(s)   Volume(s) 
                                                ---------  ---------- 
                                                 163.7p     3,054 
                                                ---------  ---------- 
---  ---------------------------------------  ------------------------------------------------------ 
 d.        Aggregated information 
             *    Aggregated volume              See above 
 
 
             *    Price 
---  ---------------------------------------  ------------------------------------------------------ 
 e.   Date of the transaction                  16 May 2018 
---  ---------------------------------------  ------------------------------------------------------ 
 f.   Place of the transaction                 London Stock Exchange, Main Market (XLON) 
---  ---------------------------------------  ------------------------------------------------------ 
 

For further information:

 
                                              +44 (0) 20 3435 
 Anglo Pacific Group PLC                                 7400 
 Julian Treger - Chief Executive 
  Officer 
  Kevin Flynn - Chief Financial 
  Officer and Company Secretary 
 Website:                           www.anglopacificgroup.com 
 
                                              +44 (0) 20 7664 
 BMO Capital Markets Limited                             8020 
 Jeffrey Couch / Neil Haycock / 
  Tom Rider 
 
 Canaccord Genuity Limited                 +44 (0) 20 7523 8000 
 Martin Davison / James Asensio 
 
 Peel Hunt LLP                             +44 (0) 20 7418 8900 
 Ross Allister / James Bavister 
 
 Redleaf Communications                    +44 (0) 20 3757 6880 
 Charlie Geller / Fiona Norman 
  / Ian Silvera 
 
 

Notes to Editors

About Anglo Pacific

Anglo Pacific Group PLC is a global natural resources royalty company. The Company's strategy is to develop a leading international diversified royalty company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth mainly through acquiring royalties on projects that are currently cash flow generating or are expected to be within the next 24 months, as well as investment in earlier stage royalties. It is a continuing policy of the Company to pay a substantial portion of these royalties to shareholders as dividends.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 16, 2018 12:29 ET (16:29 GMT)

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