Interim Scrip Dividend

RNS Number : 5439W

Anglo Pacific Group PLC

22 November 2010

 

News Release

November 22, 2010

Anglo Pacific Group PLC

Scrip Dividend

Anglo Pacific Group PLC ("Anglo Pacific Group", "the Group") (LSE: APF) (TSX: APY), the natural resources royalty company, announces, that on November 19, 2010 a Circular was sent to shareholders pursuant to the Scrip Dividend Alternative that was approved at the Annual General Meeting held on April 21, 2010.  The Scrip Dividend Alternative provides shareholders on the Register on November 12, 2010 the option to take the interim dividend of 3.95p per share for the year ending December 31, 2010 in new ordinary shares instead of cash. 

Under the terms of the Scrip Dividend Alternative, eligible shareholders who elect to receive the interim dividend in the form of new ordinary shares will receive one new ordinary share credited as fully paid for every 85.4051 ordinary shares held.  This offer is made on the basis of a price of 337.35p, being the average mid-market closing price of the ordinary shares for the five business days commencing November 10, 2010.

This offer is subject to the condition that if on December 23, 2010 the ordinary share price is equal to or less than 286p, the Scrip Dividend Alternative will automatically be cancelled and a cash dividend paid as if the offer and any elections pursuant to it had not been made.  Forms of election must be returned by 5:00pm on December 23, 2010.

Copies of the Circular will be available shortly for inspection via the UK Listing Authority's National Storage Mechanism.  Copies can also be seen on the Company's website www.anglopacificgroup.com.

For further information:

Anglo Pacific Group plc                                                                                              [phone]

Peter Boycott, Chairman

Matthew Tack, Finance Director

Liberum Capital                                                                                                          [phone]

Chris Bowman

Ellen Francis

Scott Harris                                                                                                                 [phone]

Stephen Scott

James O'Shaughnessy

Website:                                                                                                              www.anglopacificgroup.com

Important notice

This news release contains forward-looking statements based on assumptions and reflects Anglo Pacific's expectations, estimates and projections of future events as of the date of this release. Forward-looking statements include, without limitation, statements regarding the performance, prospects, opportunities, priorities, targets, goals, objectives, strategies, growth and outlook of Anglo Pacific. Often, but not always, forward-looking statements can be identified by the use of words such as "expects", "anticipates", "plans", "believes", "estimates", "seeks", "intends", "targets", "projects", "forecasts", or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements are based upon certain material factors and assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions and analyses made by Anglo Pacific in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances. Also, forward-looking statements involve known and unknown risks, uncertainties and other factors that are beyond the Company's control and which may cause the actual results, performance or achievement to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such material factors and assumptions and risks and uncertainties include, among others, those described in the Company's annual information form dated as at June 29, 2010 (available on Anglo Pacific's website and at www.sedar.com), www.sedar.comwhich are incorporated by reference into this release and qualify any and all forward-looking statements made in this release.

Although Anglo Pacific has attempted to identify factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that actual results will be consistent with these forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements herein relate only to events or information as of the date on which the statements are made and, except as specifically required by law, Anglo Pacific undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise.

 

END

 

 

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