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 GBP6.0m 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.
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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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