22nd Jul 2009 11:24
News Release
22nd July 2009
Anglo Pacific Group plc
Result of cash bid for Royalco Resources Ltd
Anglo Pacific Group plc ("the Company") reports the results of its cash bid for Royalco Resources Ltd (Royalco), an Australian mining company quoted on the ASX that owns a number of royalty interests in Australia. The Company made a cash offer of 30 cents per share on 13th May 2009 for all the outstanding shares in Royalco it did not own. The offer was increase to 34 cents per share on 2nd July 2009 and the bid period extended to 10th July 2009. When the bid closed the Company had increased its shareholding from just under 20% to over 31%. Subsequently the Company has been invited by Royalco to consider the appointment of a nominee director to the Royalco board.
For further information:
Anglo Pacific Group PLC +44 (0) 20 7318 6360
Peter Boycott, Chairman
Matthew Tack, Finance Director
Liberum Capital +44 (0) 20 3100 2000
Chris Bowman
Ellen Francis
Scott Harris +44 (0) 20 7653 0030
Stephen Scott
James O'Shaughnessy
Website: www.anglopacificgroup.com
Related Shares:
APF.L