SOURCE: Anglo Pacific Group PLC

October 21, 2013 07:00 ET

Anglo Pacific Group PLC: Board Appointments & Issue of New Ordinary Shares

LONDON--(Marketwired - Oct 21, 2013) -

 Anglo Pacific Group PLC (LSE: APF) (TSX: APY)





News Release


October 21, 2013

                       Anglo Pacific Group PLC
        Board Appointments and Issue of New Ordinary Shares

Anglo Pacific Group PLC ("Anglo Pacific", the "Company") (LSE: APF)
(TSX: APY) announces the appointment of Julian Treger as Chief
Executive Officer and Mark Potter as Chief Investment Officer of the
Company with immediate effect. The appointment includes their election
onto the Board of Anglo Pacific. Julian Treger and Mark Potter will
succeed John Theobald and Chris Orchard, who are also to retire from
the Anglo Pacific Board, in their respective roles.

Between them, Julian Treger and Mark Potter have over 35 years of
experience in special situations investing and corporate finance
advisory, with a principal focus on the natural resources sector. Most
recently they have served as the principals of Audley Capital Advisors
LLP ("Audley"), an investment advisory firm, managing value-orientated,
special situations investment strategies through hedge fund and
co-investment vehicles. Audley's flagship European Opportunities Fund,
a long-biased hedge fund investing in value-impaired listed equities,
has had a strong track record in the mining sector.

In conjunction with the Board changes, the Company is pleased to
announce an issue of 1,282,049 new ordinary shares at a price of 195
pence per share totalling GBP2.5 million. A trust, of which Julian
Treger is a beneficiary, has subscribed for 897,435 shares in the issue
and a private investment company in which Julian Treger has a 44.3%
shareholding has subscribed for 333,333 shares. Mark Potter has
subscribed for 51,281 shares in the issue. Currently, neither Julian
nor Mark has a beneficial interest in any ordinary shares of the
Company.


For further information:

Anglo Pacific Group PLC                           +44 (0) 20 3435 7400

Brian Wides - Chairman
Julian Treger - Incoming Chief Executive Officer
Mark Potter - Incoming Chief Investment Officer
Peter Mason - Company Secretary

Website:                                      www.anglopacificgroup.com 

Liberum Capital                                   +44 (0) 20 3100 2000

Chris Bowman
Ryan de Franck

Pelham Bell Pottinger                             +44 (0) 20 7861 3232

Lorna Spears
James MacFarlane


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