| Results of Annual General Meeting and Maiden Royalty Payments Received | |
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Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF, TSX: APY) is pleased to announce that at the Annual General Meeting of the Company held on April 30, 2015 ("AGM") all resolutions were duly passed by a show of hands. Resolutions 15, 16 and 17 were passed as special resolutions.
At today's AGM the Chief Executive Officer announced to shareholders the receipt of a maiden royalty payment from both the Narrabri and Maracás royalties. The receipt of the maiden royalty payments increases the number of producing royalties within the Anglo Pacific portfolio and provides further cash flow diversification.
Resolution 2 received a proxy vote of 73% in favour; however there were a number of votes against the resolution and consequently the Company will contact the relevant institutional investors to better understand their concerns, as a priority. Following receipt of feedback, the Company will consider implementing any relevant suggestions into next year's Remuneration Report, particularly regarding expanding the description of bonus criteria.
In accordance with Listing Rule 9.6.2, a copy of Resolutions 13, 14, 15, 16 and 17 will shortly be submitted to the National Storage Mechanism, and will be available for inspection at www.hemscott.com/nsm.do .
The full text of all the resolutions passed at the meeting can be found in the Notice of Annual General Meeting, which is available for inspection at www.hemscott.com/nsm.do and on the Company's website at www.anglopacificgroup.com .
For full details of the proxy voting please click here.
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Anglo Pacific Group plc
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PRODUCER |
CODE : APF.L |
ISIN : GB0006449366 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Anglo Pacific is based in United kingdom. Anglo Pacific produces iron in Brazil, and holds various exploration projects in Brazil. Its main asset in production is AMAPA in Brazil. Anglo Pacific is listed in Australia, in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 26.7 billions as of today (US$ 31.9 billions, € 32.2 billions). Its stock quote reached its lowest recent point on September 28, 2001 at GBX 10.02, and its highest recent level on October 05, 2022 at GBX 157.00. Anglo Pacific has 169 942 000 shares outstanding. |