LONDON, UK / ACCESSWIRE / May 22, 2020 / 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.
Between 18 and 22 May 2020, Kings Chapel International Limited, sold 727,665 ordinary shares of 2 pence each in the Company ("Shares") at an average approximate price of 161p per share. This transaction was required as part of the finalisation of Mr. Treger's divorce settlement. Mr. Treger has indicated to the Board that it is his intention to retain at least 80% of his pre-existing beneficial holding of Shares.
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 4,795,631 Shares, representing 2.643% 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.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a. |
Name |
Kings Chapel International Limited |
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2. |
Reason for the notification |
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a. |
Position/status |
Person closely associated with Mr. Julian Treger, Chief Executive Officer of Anglo Pacific Group PLC |
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b. |
Initial notification/Amendment |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
Anglo Pacific Group PLC |
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b. |
Legal Entity Identifier code |
213800LXSV317746JZ71 |
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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 |
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a. |
Description of the Financial instrument, type of instrument Identification code |
2p Ordinary Shares GB0006449366 |
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b. |
Nature of the transaction |
Sale of Shares |
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c. |
Price(s) and volume(s) |
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d. |
Aggregated information · Aggregated volume · Price |
727,665 160.73p |
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e. |
Date of the transaction |
18 and 22 May 2020 |
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f. |
Place of the transaction |
London Stock Exchange, Main Market (XLON) |
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For further information:
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Anglo Pacific Group PLC |
+44 (0) 20 3435 7400 |
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Julian Treger - Chief Executive Officer Kevin Flynn - Chief Financial Officer and Company Secretary |
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Website: |
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Berenberg |
+44 (0) 20 3207 7800 |
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Matthew Armitt / Jennifer Wyllie / Detlir Elezi |
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Peel Hunt LLP |
+44 (0) 20 7418 8900 |
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Ross Allister / Alexander Allen / David McKeown |
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RBC Capital Markets |
+44 (0) 20 7653 4000 |
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Farid Dadashev / Marcus Jackson / Jamil Miah |
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Capital Market Communications Limited (Camarco) |
+44 (0)20 3757 4997 |
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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.
SOURCE: Anglo Pacific Group PLC