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Anglo Pacific Group PLC: Board Appointments & Issue of New Ordinary Shares

Anglo Pacific Group PLC: Board Appointments & Issue of New Ordinary Shares

LONDON -- (Marketwired) -- 10/21/13 -- *T Anglo Pacific Group PLC (LSE: APF) (TSX: APY)

News Release

October 21, 2013

Anglo Pacific Group PLC

Board Appointments and Issue of New Ordinary Shares

Anglo Pacific Group PLC ("Anglo Pacific", the "Company") (LSE: APF) (TSX: APY) announces the appointment of Julian Treger as Chief Executive Officer and Mark Potter as Chief Investment Officer of the Company with immediate effect. The appointment includes their election onto the Board of Anglo Pacific. Julian Treger and Mark Potter will succeed John Theobald and Chris Orchard, who are also to retire from the Anglo Pacific Board, in their respective roles.

Between them, Julian Treger and Mark Potter have over 35 years of experience in special situations investing and corporate finance advisory, with a principal focus on the natural resources sector. Most recently they have served as the principals of Audley Capital Advisors LLP ("Audley"), an investment advisory firm, managing value-orientated, special situations investment strategies through hedge fund and co-investment vehicles. Audley's flagship European Opportunities Fund, a long-biased hedge fund investing in value-impaired listed equities, has had a strong track record in the mining sector.

In conjunction with the Board changes, the Company is pleased to announce an issue of 1,282,049 new ordinary shares at a price of 195 pence per share totalling GBP2.5 million. A trust, of which Julian Treger is a beneficiary, has subscribed for 897,435 shares in the issue and a private investment company in which Julian Treger has a 44.3% shareholding has subscribed for 333,333 shares. Mark Potter has subscribed for 51,281 shares in the issue. Currently, neither Julian nor Mark has a beneficial interest in any ordinary shares of the Company.

For further information:

Anglo Pacific Group PLC +44 (0) 20 3435 7400

Brian Wides - Chairman Julian Treger - Incoming Chief Executive Officer Mark Potter - Incoming Chief Investment Officer Peter Mason - Company Secretary


Liberum Capital +44 (0) 20 3100 2000

Chris Bowman Ryan de Franck

Pelham Bell Pottinger +44 (0) 20 7861 3232

Lorna Spears James MacFarlane

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This information is provided by RNS

The company news service from the London Stock Exchange



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