Anglo Pacific Group PLC: Re-classification of Listing
LONDON, UNITED KINGDOM--(Marketwired - Dec 22, 2014) - Anglo Pacific Group PLC (
LSE: APF; TSX: APY
News Release
December 22, 2014
Anglo Pacific Group PLC
Re-classification of Listing
Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF, TSX: APY) announces that the Company intends to apply for a transfer of the Company's listing category from a "premium listing (commercial company)" on the Official List of the London Stock Exchange and into the category of a "standard listing" on the Official List of the London Stock Exchange (the "Proposed Transfer"). The Company will maintain its existing listing on the Toronto Stock Exchange.
The Proposed Transfer is a result of ongoing discussions with the UK Listing Authority (the "UKLA") in relation to the appropriate categorisation of the Company under the Listing Rules with respect to technical considerations related to the Company's royalty business model.
After careful consideration of the various alternative listing regimes available to the Company, the Board has concluded that remaining on the Official List with a standard listing will be the most appropriate listing category for the Company. The standard listing fully complies with the relevant European Directives setting common listing standards across all European Union member states. Accordingly, the Company would remain subject to the relevant UK Listing Rules, the UK Disclosure and Transparency Rules and the UK Prospectus Rules. The Company intends to continue to maintain its high standards in corporate governance that are familiar to its long term investors and, where appropriate, will consider compliance on a voluntary basis with certain of the governance practices that go further than the standard listing requirements.
The Proposed Transfer is subject to the UKLA confirming that the Company meets the eligibility requirements for such a listing and shareholder approval by special resolution.
Further details will be included in a circular to be sent to shareholders in due course.
For further information:
Anglo Pacific Group PLC Mike Blyth - Chairman Julian Treger - Chief Executive Officer Peter Mason - Company Secretary | +44 (0) 20 3435 7400 |
Website: | www.anglopacificgroup.com |
Notes to editors:
About Anglo Pacific
Anglo Pacific is a global natural resources royalty company. The Company's strategy is to develop a leading international diversified royalty company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth through acquiring royalties on projects that are currently cash flow generating or are expected to be within the next 24 months. It is a continuing policy of the Company to pay a substantial portion of these royalties to shareholders as dividends.
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