Anglo Pacific Group PLC Chief Executive Officer Transition (6694J)
25 August 2021 - 4:01PM
UK Regulatory
TIDMAPF
RNS Number : 6694J
Anglo Pacific Group PLC
25 August 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
For immediate release
News Release
25 August 2021
Anglo Pacific Group PLC
Chief Executive Officer Transition
Anglo Pacific Group PLC ("Anglo Pacific" or the "Group") (LSE:
APF, TSX: APY) announces that Julian Treger has indicated that he
wishes to step down from his role as Chief Executive Officer
("CEO") in due course after eight years in the role. Mr Treger will
remain as CEO, leading the team and the Group's strategic
objectives as normal until 31 March 2022, thus ensuring a smooth
transition to new leadership for Anglo Pacific.
Mr Treger joined Anglo Pacific in October 2013 and has been
instrumental in leading the transition of the business away from
coal and towards 21(st) century commodities aligned to the
decarbonisation of energy which will be required to meet climate
change goals.
He has led the Group's US$450m investments over the last eight
years, including the transformative US$205m Voisey's Bay cobalt
stream acquisition, which was completed in March 2021. These
acquisitions now mean that over 60% of the Group's asset base by
value are in base and battery metals.
Equally important, Mr Treger has built a strong team with
considerable experience of originating, executing, and financing
acquisitions, thereby ensuring that the business will continue to
grow in the future.
In the meantime, the Nomination Committee has, in accordance
with its succession planning framework, commenced a comprehensive
search process to choose a new CEO and will update the market on
progress in due course.
Commenting on his decision, Julian Treger, outgoing CEO:
"2021 has been truly transformational for Anglo Pacific, as we
completed our largest ever acquisition in March of the Voisey's Bay
cobalt stream. The Company has been transformed from predominantly
a single producing royalty holder in 2013, which is when I took
over, to a business with a stable revenue profile and exposure to
commodities which should be key towards the transition away from
fossil fuels and into cleaner energy and technology.
With an experienced management team in place, it now feels like
the right time to hand over to somebody new and for me to pursue
other business interests in due course. During the transition
period, I will remain committed to all of our stakeholders and will
give the Board and management all possible support during the
succession process so we can find a suitable, new CEO to steer
Anglo Pacific through its next phase of growth.
I have thoroughly enjoyed my time at Anglo Pacific, and I would
like to thank my Board colleagues both past and present and the
talented and dedicated team which I will leave behind. I strongly
believe they will continue to grow the business into one of the
leading royalties and streaming businesses globally."
Patrick Meier, Chairman, commented:
"I would like to thank Julian for his success in transforming
the fortunes of Anglo Pacific. The business today is barely
recognisable from that which he took over, and he had the vision
and leadership to pivot towards commodities which will be vital to
achieving climate change goals with sustainability firmly at the
forefront. His commitment and astute investment skills have been
key to our success.
On behalf of the Board, I would like to give our appreciation
for all Julian has done in creating the Company which we are today.
He will leave after the transition period with our very best
wishes, and we have no doubt that he will continue to be successful
in whatever he does next."
Enquiries:
Anglo Pacific Group PLC : Tel: +44 (0)
20 3435 7400
Julian Treger - Chief Executive Officer
Kevin Flynn - Chief Financial Officer
Notes to Editors
About the Company
Anglo Pacific PLC is a global natural resources royalty and
streaming company. The Company's strategy is to become a leading
natural resources company through investing in high quality
projects in preferred jurisdictions with trusted counterparties,
underpinned by strong ESG principles. It is a continuing policy of
the Company to pay a substantial portion of these royalties and
streams to shareholders as dividends.
Important Information
This Announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of the UK domestic law by virtue of the European Union
(Withdrawal) Act 2018.
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END
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