Business
Completion of £5 million Buyback Programme
Completion of £5 million Buyback Programme.
About this update from Ecora Royalties Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5902E\n Anglo Pacific Group PLC\n 09 November 2020\n \n \n \n \n News Release\n \n \n \n \n \n 9 November 2020\n \n \n \n \n \n Anglo Pacific Group PLC\n \n Completion of £5 million Buyback Programme\n \n \n \n Anglo Pacific Group PLC (\"Anglo Pacific\", the \"Company\" or the \"Group\") (LSE: APF, TSX: APY), is pleased to announce that following the purchase of ordinary shares on 6 November 2020, the Company's share buyback programme (\"the Programme\"), as announced on 25 September 2020 has been completed.\n \n Summary\n \n · Over the course of the Programme, the Company has acquired in aggregate 4,629,703 ordinary shares of 2 pence each in the Company (\"Ordinary Shares\") between 25 September and 6 November for a total consideration of £5 million, at a volume weighted average price of 107.973 pence per share\n \n \n · All of the shares that were repurchased under the Programme will be held in treasury\n \n \n · The Programme was largely financed by the partial disposal of the Company's non-core equity holdings, allowing for the Company to retain its ability to finance growth\n \n \n · The Company has 181,758,719 ordinary shares of 2 pence each in issue, of which 4,629,703 ordinary shares are now held in treasury. Therefore, the total number of ordinary shares carrying voting rights is 177,129,016\n \n \n · All purchases made under the Programme were made on the London Stock Exchange through our broker, Peel Hunt LLP\n \n Julian Treger, Chief Executive Officer of the Company, commented:\n \n \"The share buyback programme, which was financed from the partial disposal of the Company's non-core equity holdings has now been completed and we are pleased to see that this has provided an immediate return to shareholders.\n \n With a strong balance sheet and undrawn borrowing facilities of US$63.6 million (inclusive of the US$30 million accordion) we are well placed and confident in our pipeline and ability to further grow and diversify our portfolio.\"\n \n \n \n \n \n \n \n \n \n \n \n \n \n For further information:\n \n \n \n \n \n \n \n \n Anglo Pacific Group PLC\n \n \n \n \n +44 (0) 20 3435 7400\n \n \n \n \n \n \n Julian Treger - Chief Executive Officer \n \n \n Kevin Flynn - Chief Financial Officer an...