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Re: News - Wednesday, May 13, 2009
Anglo Pacific Group plc Offer for Royalco Resources Limited
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Anglo Pacific Group PLC ("Anglo Pacific" or "the Company") (LSE: APF,
ASX: APG), the natural resources royalties company, has today made an
offer via its wholly owned subsidiary Starmont Ventures Pty Ltd to
acquire all the outstanding issued share capital in Royalco Resources
Limited ("Royalco"), an Australian royalty company listed on the ASX,
for 30 cents cash per share.
Anglo Pacific is Royalco's largest shareholder, owning 20% of the
existing share capital. Under Australian stock exchange regulations
the Company is therefore legally obliged to make this offer for all of
the outstanding issued share capital of Royalco in order to be able to
continue to purchase Royalco shares in the market.
Royalco is an Australian based royalty and mineral exploration company.
In addition to owning a portfolio of royalty interests, Royalco has
interests in a number of exploration properties in the Philippines.
Anglo Pacific's offer is being made as an unconditional on-market cash
bid which if fully accepted would require an outlay of A$12.6 million.
The offer will remain open until 29th June 2009.
The acquisition of Royalco will enlarge Anglo Pacific's presence in
Australia and is part of Anglo Pacific's overall strategy of growing
its existing royalty portfolio worldwide.
For a full copy of this release and the bidders statement please visit
the company website at www.anglopacificgroup.com.
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Copyright (c) 2009 ANGLO PACIFIC GROUP PLC (APF) All rights reserved.
For more information visit our website at
http://www.anglopacificgroup.com/ or send
mailto:company.secretary@anglopacificgroup.com
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Anglo Pacific Group plc
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PRODUCER |
CODE : APF.L |
ISIN : GB0006449366 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Anglo Pacific is based in United kingdom. Anglo Pacific produces iron in Brazil, and holds various exploration projects in Brazil. Its main asset in production is AMAPA in Brazil. Anglo Pacific is listed in Australia, in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 26.7 billions as of today (US$ 31.9 billions, € 32.2 billions). Its stock quote reached its lowest recent point on September 28, 2001 at GBX 10.02, and its highest recent level on October 05, 2022 at GBX 157.00. Anglo Pacific has 169 942 000 shares outstanding. |