23rd Apr 2008 16:03
Anglo Pacific Group PLC23 April 2008 News Release 23rd April 2008 Anglo Pacific Group PLC Results of Annual General Meeting (AGM) At the Annual General Meeting of Anglo Pacific Group plc (the "Company") held on23rd April 2008 ordinary resolutions were passed to authorise scrip dividends,pay a final dividend of 4.35p per share and obtain authority to allot new sharesfrom unissued share capital under section 80 of the Companies Act 1985. Specialresolutions to authorise the allotment for cash of new equity shares or fromtreasury, to authorise the Company to make one or more market purchases of itsown shares and to adopt new Articles of Association were also passed. The Company also announced that during the first quarter coking coal prices rosesharply to between US$250 and US$300 per tonne. This is expected to have afavourable impact on the Company's royalty flows. On 11th March 2008 theCompany agreed a 2.5% royalty with Kinbauri Gold Corp. on its gold deposit inNorthern Spain. During the quarter the Company expanded its in-house mining andtechnical team. The Company is focusing these additional resources ondeveloping its private coal interests and pursuing other royalty opportunities. An Interim Management Statement will be released to the market in the nextmonth. For further information: UK contact: Mr Matthew Tack +44 (0) 20 7318 6360Australian contact: Ms Janis Nugawela +61 (0) 8 9284 3255Investor relations: Mr Stephen Scott +44 (0) 20 7653 0030Website: www.anglopacificgroup.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
APF.L