Anglo Pacific Group PLC Vesting, Exercise & Sale of Options (3412O)
May 16 2018 - 12:29PM
UK Regulatory
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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