Anglo Pacific Group PLC Board Changes (3929D)
28 March 2014 - 8:44PM
UK Regulatory
TIDMAPF
RNS Number : 3929D
Anglo Pacific Group PLC
28 March 2014
March 28, 2014
Anglo Pacific Group PLC
Board Changes
Anglo Pacific Group PLC (the "Company" or "Anglo Pacific") (LSE:
APF) (TSX: APY) is pleased to announce the appointment of Mr. Mike
Blyth as Non-executive Chairman with effect from April 1, 2014. Mr.
Blyth has been a Non-executive Director of the Company since March
2013. He succeeds Mr. Brian Wides, who has been serving as Acting
Chairman since December 2012.
Mr. Blyth has had a distinguished career as a Chartered
Accountant with extensive experience in audit and corporate
governance matters.
Mr. Wides is to continue in his role as Executive Director of
International Business Development until this year's Annual General
Meeting (or earlier by mutual agreement), when he is to retire from
the Board. He will then continue in a part-time consulting role for
six months to ensure an effective handover of his
responsibilities.
The Company also announces the retirement from the Board of Dr.
John Whellock, Non-executive Director, and Mr. Michael Atkinson,
Senior Independent Director, both with effect from this year's
Annual General Meeting.
The proposed changes are intended to refocus the Company's Board
and will result in it being comprised of four Non-executive
Directors (including the Chairman) and two Executive Directors.
Furthermore, the Company is conducting a process to appoint a new
Senior Independent Director, which will be announced during the
second quarter.
Julian Treger, Chief Executive Officer, commented: "I would like
to take this opportunity to thank Brian, John and Michael for their
contributions to the Company. Brian has served as an Executive
Director of Anglo Pacific since 1997, which has included spending
four years as Chief Executive Officer. During his career here,
Brian has seen the Company transform into the successful mining
royalty company it is today. John and Michael, who have served as
Non-executive Directors since 2003 and 2006 respectively, have
provided valuable advice in challenging and developing the
Company's strategy."
Brian Wides, current Acting Chairman, commented: "During my
career at Anglo Pacific, I am pleased to have seen the Company
develop its portfolio of royalty investments and achieve its
mission to become an established and well-regarded royalty company.
I am delighted to hand over my responsibilities to Mike and have
every confidence that he, and the rest of the team, will lead Anglo
Pacific into a new period of growth."
Mike Blyth commented: "I am privileged to succeed Brian as
Chairman of Anglo Pacific, a company that I have followed for many
years and have got to know well since joining the Board. I look
forward to engaging more directly with shareholders and to working
with the management team to continue the growth of the
Company."
For further information:
Anglo Pacific Group PLC +44 (0) 20 3435 7400
Julian Treger - Chief Executive Officer
Georgia Vranaki - Head of Marketing and Investor Relations
Website: www.anglopacificgroup.com
Liberum Capital +44 (0) 20 3100 2000
Chris Bowman / Ryan de Franck
BMO Capital Markets Limited +44 (0) 20 7664 8121
Jeffrey Couch / Neil Haycock / Tom Rider
Bell Pottinger +44 (0) 20 7861 3232
Nick Lambert / Lorna Cobbett
Notes to editors:
About Anglo Pacific
Anglo Pacific is a global mining royalty company. The Company's
vision is to create a leading international diversified royalty
company with a focus on base metals and bulk materials. The
Company's strategy is to build a diversified portfolio of
royalties, focusing on accelerating income growth through acquiring
royalties in cash or near-term cash producing assets. It is an
objective of the Company to pay a substantial portion of these
royalties to shareholders as dividends.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAQKODDFBKDFNB
Ecora Resources (LSE:ECOR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ecora Resources (LSE:ECOR)
Historical Stock Chart
From Apr 2023 to Apr 2024