Joint Share Ownership Plan
LONDON, UNITED KINGDOM -- (Marketwired) -- 05/30/13 -- Anglo Pacific Group PLC (the "Company") (LSE: APF)(TSX: APY) announces that on May 29, 2013 the Trustee of the Anglo Pacific Group Employee Benefit Trust ("EBT") exercised its option to acquire the beneficial interest in shares awarded on May 19, 2010 to two of the executive directors under the Company's Joint Share Ownership Plan ("JSOP").
As announced on May 20, 2010, Mr Chris Orchard and Mr John Theobald each acquired 169,350 ordinary shares of 2p in the Company ("Shares") on May 19, 2010 at a price of 248p per Share in co-ownership with the EBT. The Trustee exercised its option to acquire the beneficial interest in the Shares following certain performance conditions under the JSOP not being met. In accordance with the terms of the JSOP, the price paid by the Trustee to each of Mr Theobald and Mr Orchard for exercising the options was GBP 10.
These shares will continue to be held by the EBT and can be used to make future awards to employees. Following the Trustee exercising its option, the Directors' shareholdings have changed as set out below:
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% Issued
At April At May Ordinary Share
23, 2013 JSOP 29, 2013 Capital
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M.H.Atkinson 7,422 - 7,422 0.01%
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P.M.Boycott 2,691,947 - 2,691,947 2.46%
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M.W.Blyth 7,000 - 7,000 0.01%
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P.N.R.Cooke 8,949,904 - 8,949,904 8.17%
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A.C.Orchard 402,049 (169,350) 232,699 0.21%
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J.Theobald 337,625 (169,350) 168,275 0.15%
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J.G.Whellock 13,084 - 13,084 0.01%
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B.M.Wides 2,926,153 - 2,926,153 2.67%
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A.H.Yadgaroff 175,460 - 175,460 0.16%
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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 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.
Contacts:
Anglo Pacific Group PLC
John Theobald
Chief Executive Officer
+44 (0) 20 3435 7400
Anglo Pacific Group PLC
Chris Orchard
Chief Investment Officer
+44 (0) 20 3435 7400
www.anglopacificgroup.com
Liberum Capital
Chris Bowman
+44 (0) 20 3100 2000
Liberum Capital
Christopher Kololian
+44 (0) 20 3100 2000
Pelham Bell Pottinger
Lorna Spears
+44 (0) 20 7861 3232
Pelham Bell Pottinger
James MacFarlane
+44 (0) 20 7861 3232