Result of Tender Offer

RNS Number : 0852W

Anglo Pacific Group PLC

22 July 2009

 

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                                                       [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

 

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