SOURCE: Anglo Pacific Group PLC

October 02, 2015 07:00 ET

Anglo Pacific Group PLC: Company Share Option Plan & Notification of PDMR

LONDON, UNITED KINGDOM--(Marketwired - Oct 2, 2015) - Anglo Pacific Group PLC (TSX: APY) (LSE: APF)

News Release
October 2, 2015
TSX: APY

Anglo Pacific Group PLC
Company Share Option Plan
and Notification of Transaction by PDMR

Anglo Pacific Group PLC (the "Company") (LSE: APF, TSX: APY) announces that on October 1, 2015 it granted to employees a total of 84,414 options to buy ordinary shares of 2 pence each in the Company at an exercise price of £0.77 per share under the Anglo Pacific Group Company Share Option Plan ("CSOP"). Some of these options have been granted on the condition that previous options granted under the CSOP, the performance conditions of which have not been met, will be cancelled. Consequently, the Company expects outstanding options over 10,543 shares to be cancelled as a result of the grants.

More information on the CSOP is available in the Company's Annual Report 2013, which can be found at www.anglopacificgroup.com.

Following the grant, the Company received notification on October 1, 2015 from a person discharging managerial responsibilities ("PDMR"), Kevin Flynn, the Company's Chief Financial Officer and Company Secretary, that he had agreed to the cancellation of outstanding options over 10,543 shares and had been granted new options over 25,974 shares pursuant to the CSOP at an exercise price of £0.77 per share. The Company also received a notification on October 1, 2015 from another PDMR, Juan Alvarez, the Company's Head of Investments that he had been granted options over 6,493 shares pursuant to the CSOP at an exercise price of £0.77 per share.

This notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4R.

For further information:

     
Anglo Pacific Group PLC   +44 (0) 20 3435 7400
Julian Treger - Chief Executive Officer    
Kevin Flynn - Chief Financial Officer & Company Secretary    
     
Website:   http://www.anglopacificgroup.com/
     

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