Business and Finance Business and Finance
Thu, March 29, 2012

Joint Share Ownership Plan Awards


Published on 2012-03-29 05:09:08 - Market Wire
  Print publication without navigation


March 29, 2012 08:00 ET

Anglo Pacific Group PLC: Joint Share Ownership Plan Awards

LONDON, UNITED KINGDOM--(Marketwire - March 29, 2012) - Anglo Pacific Group PLC (the "Company") (LSE:APF)(TSX:APY) announces that on March 28, 2012 and following the recommendation of the Remuneration Committee, awards under the Anglo Pacific Group Joint Share Ownership Plan ("JSOP") have been made to two of the executive directors as part of their remuneration.

Under the JSOP rules, the directors Chris Orchard and John Theobald acquired 44,804 shares and 50,075 shares respectively at a price of 332p, in co-ownership with the Anglo Pacific Group Employee Benefit Trust ("EBT").

The awards were made from the EBT's existing shareholding in the Company, with no new shares being issued. Following these awards, the Directors' shareholdings have changed as set out below:

At March 2, 2012
JSOP Award
At March 28, 2012% Issued Ordinary Share Capital
M.H.Atkinson7,422-7,4220.01%
P.M.Boycott2,691,947-2,691,9472.47%
A.C.Orchard357,24544,804402,0490.37%
J.Theobald287,55050,075337,6250.31%
J.G.Whellock13,084-13,0840.01%
B.M.Wides2,926,153-2,926,1532.68%
A.H.Yadgaroff172,180-172,1800.16%

Notes to editors:

About Anglo Pacific Group PLC

Anglo Pacific Group PLC is a global natural resources royalties company. The Company's strategy is to expand its mineral royalty interests in low-cost, long-life mining assets. The Company achieves this through both direct acquisition and investment in projects at the development and production stage. It is a continuing policy of the Company to pay a substantial proportion of these royalties to shareholders as dividends.

Important notice

This news release contains forward-looking statements based on assumptions and reflects Anglo Pacific's expectations, estimates and projections of future events as of the date of this release. Forward-looking statements include, without limitation, statements regarding the performance, prospects, opportunities, priorities, targets, goals, objectives, strategies, growth and outlook of Anglo Pacific. Often, but not always, forward-looking statements can be identified by the use of words such as "expects", "anticipates", "plans", "believes", "estimates", "seeks", "intends", "targets", "projects", "forecasts", or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements are based upon certain material factors and assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions and analyses made by Anglo Pacific in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances. Also, forward-looking statements involve known and unknown risks, uncertainties and other factors that are beyond the Company's control and which may cause the actual results, performance or achievement to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such material factors and assumptions and risks and uncertainties include, among others, those described in the Company's annual information form dated as at June 29, 2010 (available on Anglo Pacific's website and at [ www.sedar.com ]), which are incorporated by reference into this release and qualify any and all forward-looking statements made in this release.

Although Anglo Pacific has attempted to identify factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that actual results will be consistent with these forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements herein relate only to events or information as of the date on which the statements are made and, except as specifically required by law, Anglo Pacific undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise.



Contributing Sources