Anglo Pacific Group PLC ('Anglo Pacific', the 'Company' or the 'Group') (LSE: APF, TSX: APY), is pleased to announce that following the purchase of ordinary shares on 6 November 2020, the Company's share buyback programme ('the Programme'), as announced on 25 September 2020 has been completed.
Over the course of the Programme, the Company has acquired in aggregate 4,629,703 ordinary shares of 2 pence each in the Company ('Ordinary Shares') between 25 September and 6 November for a total consideration of GBP5 million, at a volume weighted average price of 107.973 pence per share
All of the shares that were repurchased under the Programme will be held in treasury
The Programme was largely financed by the partial disposal of the Company's non-core equity holdings, allowing for the Company to retain its ability to finance growth
The Company has 181,758,719 ordinary shares of 2 pence each in issue, of which 4,629,703 ordinary shares are now held in treasury. Therefore, the total number of ordinary shares carrying voting rights is 177,129,016
All purchases made under the Programme were made on the London Stock Exchange through our broker, Peel Hunt LLP
With a strong balance sheet and undrawn borrowing facilities of US$63.6 million (inclusive of the US$30 million accordion) we are well placed and confident in our pipeline and ability to further grow and diversify our portfolio.'
Tel: +44 (0) 20 3435 7400
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.
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