LONDON, UK / ACCESSWIRE / November 9, 2020 / 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.
Summary
- 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 £5 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
Julian Treger, Chief Executive Officer of the Company, commented:
"The share buyback programme, which was financed from the partial disposal of the Company's non-core equity holdings has now been completed and we are pleased to see that this has provided an immediate return to shareholders.
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."
For further information:
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Anglo Pacific Group PLC |
+44 (0) 20 3435 7400 |
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Julian Treger - Chief Executive Officer Kevin Flynn - Chief Financial Officer and Company Secretary |
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Website: |
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Berenberg |
+44 (0) 20 3207 7800 |
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Matthew Armitt / Jennifer Wyllie / Detlir Elezi |
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Peel Hunt LLP |
+44 (0) 20 7418 8900 |
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Ross Allister / Alexander Allen / David McKeown
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RBC Capital Markets Farid Dadashev / Marcus Jackson / Jamil Miah |
+44 (0) 20 7653 4000 |
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Camarco |
+44 (0) 20 3757 4997 |
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Gordon Poole / Owen Roberts / James Crothers |
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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 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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SOURCE: Anglo Pacific Group PLC