|By Marketwired .||
|July 16, 2014 10:36 AM EDT||
LONDON, UNITED KINGDOM -- (Marketwired) -- 07/16/14 -- Anglo Pacific Group PLC (the "Company") (LSE: APF) (TSX: APY) announces that it received notification on July 15, 2014 of the following transactions by connected persons of Mr. Julian Treger, Chief Executive Officer of the Company.
As previously announced, Audley Natural Resources Master Fund Limited ("ANRMF"), which the Company has been informed is a connected person of Mr. Treger, subscribed for 333,333 ordinary shares of 2 pence each in the Company (the "Shares"). The 333,333 Shares were consequently included in Mr. Treger's statement of his and his connected persons' beneficial holding in the Company. The Company has also been informed that ANRMF is now in the process of being wound down and as a result, the underlying holdings have been distributed to the relevant investors.
Accordingly, on July 15, 2014, the Company was informed that 165,416 Shares had been transferred from ANRMF to another connected person of Mr. Treger, Kings Chapel International Limited ("KCIL"), for nil consideration and that the remaining 167,917 Shares have been distributed to the relevant third party investors who are not connected persons of Mr. Treger.
Following this notification, the total beneficial holding of Shares by Mr. Treger and his connected persons is now 1,199,389 Shares, representing 1.03% 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.
For further information:
Anglo Pacific Group PLC
Chief Executive Officer
+44 (0) 20 3435 7400