Anglo Pacific Group PLC (the “Company”) (LSE: APF, TSX: APY) announces that following a review of the composition of the Board Committees, the following changes to Committee membership were effective from May 10, 2017.
Nomination Committee membership is comprised of current members David Archer, Mike Blyth, Rachel Rhodes and Robert Stan. In addition Patrick Meier joined as the Chair of this Committee, succeeding Mr. Blyth.
Remuneration Committee membership is comprised of current members Mike Blyth, David Archer and Robert Stan. Patrick Meier stepped down from this Committee. Mr. Blyth succeeds Mr. Archer as Chair of this Committee.
The membership of the Audit Committee remains unchanged.
On May 10, 2017, the Company granted contingent rights called Unit Awards to certain Directors and other persons discharging managerial responsibilities (“PDMRs”) as follows:
|Name of Director / PDMR
||Number of Plan Units allocated 10/05/2017
||Corresponding maximum % share of Plan Pool
|Julian Treger, Chief Executive Officer
|Kevin Flynn, Chief Financial Officer
|Juan Alvarez, Head of Investments
The Unit Awards were granted under and subject to the terms of the Anglo Pacific Group PLC Value Creation Plan (the “Plan”) as approved by the Company’s shareholders at the Annual General Meeting on June 11, 2014. Further information on the Plan is available in our 2016 Annual Report and Accounts, which can be found at www.anglopacificgroup.com.
No consideration was paid for the grant of the Unit Awards and no consideration will be due upon the grant of the option grants (if any) granted in respect of such Unit Awards nor on their maturity.
This notification is intended to satisfy the Company’s obligations under Article 19 of the Market Abuse Regulation (596/2014).
Directors’ Share Dealings
The Company received notification on May 10, 2017 of the following transactions by Mr. Michael Blyth, Non-Executive Director and by connected persons of Mr. Julian Treger, Chief Executive Officer.
Mr. Blyth acquired 5,678 ordinary shares of 2 pence each in the Company (“Shares”) at a price of 113.45p per Share. Further, Mr. Treger acquired 20,000 Shares via his pension fund at a price of 114p per Share. The transactions took place on the London Stock Exchange.
Following this notification, the total beneficial holding of Shares by Mr. Blyth and his connected persons is now 137,590 Shares and the total beneficial holding of Shares by Mr. Treger and his connected persons is now 5,616,454 Shares, representing 0.08% and 3.10% respectively, of the issued ordinary share capital of the Company.
This notification is intended to satisfy the Company’s obligations under Disclosure and Transparency Rule 3.1.4R.
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