Anglo Pacific Group PLC Cancellation of Scrip Dividend Alternative (2004C)
January 15 2015 - 2:00AM
UK Regulatory
TIDMAPF
RNS Number : 2004C
Anglo Pacific Group PLC
15 January 2015
News Release
January 15, 2015
Anglo Pacific Group PLC
Cancellation of Scrip Dividend Alternative
Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE:
APF, TSX: APY) announces that the scrip dividend alternative
("Scrip Dividend Alternative") for the interim dividend for the
year ending December 31, 2014 of 4.45p per ordinary share ("Interim
Dividend") has been withdrawn.
As per the shareholder circular sent to shareholders on December
12, 2014, where the ordinary share price is equal to or less than
92p on January 14, 2015, the Scrip Dividend Alternative will be
cancelled and a cash dividend paid as if the offer and elections
pursuant to it had not been made. Recent market volatility has
resulted in a decline in the value of Anglo Pacific shares to below
this level as at market close yesterday. Consequently, the Scrip
Dividend Alternative has been withdrawn and the Interim Dividend
will be paid wholly in cash on February 4, 2015.
For further information:
Anglo Pacific Group PLC
+44 (0) 20 3435 7400
Julian Treger, Chief Executive Officer
Mark Potter, Chief Investment Officer
Peter Mason, Company Secretary
Website:
www.anglopacificgroup.com
Bell Pottinger
+44 (0) 20 3772 2500
Nick Lambert / Lorna Cobbett
Notes to Editors
About Anglo Pacific
Anglo Pacific 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 through
acquiring royalties on projects that are currently cash flow
generating or are expected to be within the next 24 months. 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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