Anglo Pacific Group PLC Directorate Change (3761X)
February 21 2017 - 2:01AM
UK Regulatory
TIDMAPF
RNS Number : 3761X
Anglo Pacific Group PLC
21 February 2017
News Release
21 February, 2017
Anglo Pacific Group PLC
Board Changes
Anglo Pacific Group PLC ("Anglo Pacific", the "Company" or the
"Group") (LSE: APF, TSX: APY), the London and Toronto listed
royalty company, announces that Patrick Meier will succeed Mike
Blyth as Chairman of the Company following the 2017 Annual General
Meeting ("AGM").
Patrick has over 30 years' experience in investment banking with
specialist knowledge of the mining sector, having headed up the
investment banking activities for RBC Capital Markets in Europe and
Asia. Patrick joined the Board as a non-executive director in April
2015.
Outgoing Chairman Mike Blyth, who joined the Board in March 2013
and was appointed Chairman in April 2014, will remain a
non-executive director of the Company. As Chairman, Mike made a
significant contribution to the Group, overseeing the appointment
of the current management team, the reconstitution of the Board of
Directors and an overhaul of the Group's corporate governance
processes.
Patrick Meier, incoming Chairman of Anglo Pacific, said:
"I am delighted that I will be leading Anglo Pacific Group into
this exciting stage of development. The Company is well placed to
benefit from the improved sentiment in the sector, and has both a
strong balance sheet and growth prospects. I have full confidence
in the team led by Julian Treger, and believe that we can continue
to diversify the portfolio, and drive significant financial returns
for shareholders."
Mike Blyth, outgoing Chairman of Anglo Pacific, said:
"We have a strong Board with a wide range of relevant skills and
experience. A recovery in commodity prices together with the
increase in mining within our private royalty lands at Kestrel has
significantly improved our financial position. We are therefore
ideally placed to take advantage of the opportunities that an
increasingly confident resources sector should provide. Our
recently concluded Denison transaction should be just the
beginning.
Patrick Meier has an in-depth knowledge of the mining sector and
I have every confidence in his ability to lead the Company through
this next stage in our development."
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
BMO Capital Markets Limited +44 (0) 20 7664 8020
Jeffrey Couch / Neil Haycock /
Tom Rider / Jenny Wyllie
Macquarie Capital (Europe) Limited +44 (0) 20 3037 2000
Raj Khatri / Nicholas Harland / Ariel
Tepperman
Peel Hunt LLP +44 (0) 20 7418 8900
Matthew Armitt / Ross Allister
/ Chris Burrows
Redleaf Communications +44 (0)20 7382 4769
Charlie Geller / David Ison
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 develop a
leading international diversified royalty and streaming 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, 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.
Cautionary statement on forward-looking statements and related
information
Certain information contained in this announcement, including
any information as to future financial or operating performance and
other statements that express management's expectation or estimates
of future performance, constitute "forward looking statements". The
words "expects", "anticipates", "plans", "believes", "estimates",
"seeks", "intends", "targets", "projects", "forecasts", or negative
versions thereof and other similar expressions identify
forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by management, are inherently subject
to significant business, economic and competitive uncertainties and
contingencies. Further, forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties which could cause actual results to differ materially
from those anticipated, estimated or intended in the
forward-looking statements. Furthermore, this announcement contains
information and statements that are based on certain estimates and
forecasts that have been provided to the Group by Kestrel Coal Pty
Ltd ("KCPL"), the accuracy of which KCPL does not warrant and on
which readers may not rely. The material assumptions and risks
relevant to the forward-looking statements in this announcement
include, but are not limited to: stability of the global economy;
stability of local government and legislative background;
continuing of ongoing operations at the properties underlying the
Group's portfolio of royalties in a manner consistent with past
practice; accuracy of public statements and disclosures (including
feasibility studies and estimates of reserve, resource, production,
grades, mine life, and cash cost) made by the owners and operators
of such underlying properties; accuracy of the information provided
to the Group by the owners and operators of such underlying
properties; no material adverse change in the price of the
commodities produced from the properties underlying the Group's
portfolio of royalties and investments; no material adverse change
in foreign exchange exposure; no adverse development in respect of
any property in which the Group holds a royalty or other interest,
including but not limited to unusual or unexpected geological
formations and natural disasters; successful completion of new
development projects; planned expansions or additional projects
being within the timelines anticipated and at anticipated
production levels; and maintenance of mining title. If any such
risks actually occur, they could materially adversely affect the
Group's business, financial condition or results of operations. For
additional information with respect to such risks and
uncertainties, please refer to the "Principal Risks and
Uncertainties" section of our most recent Annual Report and to the
"Risk Factors" section of our most recent Annual Information Form
available on www.sedar.com and the Group's website
www.anglopacificgroup.com. Readers are cautioned to consider these
and other factors, uncertainties and potential events carefully and
not to put undue reliance on forward-looking statements. The
forward-looking statements contained in this announcement are made
as of the date of this announcement only and the Group undertakes
no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise, after the date on which the statements are made or to
reflect the occurrence of unanticipated events.
Third party information
As a royalty holder, the Group often has limited, if any, access
to non-public scientific and technical information in respect of
the properties underlying its portfolio of royalties, or such
information is subject to confidentiality provisions. As such, in
preparing this announcement, the Group has largely relied upon the
public disclosures of the owners and operators of the properties
underlying its portfolio of royalties, as available at the date of
this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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