Mr. Julian Treger reports
ANGLO PACIFIC GROUP PLC: PLACING AND OPEN OFFER
Anglo Pacific Group PLC is releasing the results of the oversubscribed equity placing announced by the company on Feb. 4, 2015. A total of 49,375,000 new ordinary shares of two pence each in Anglo Pacific has been conditionally placed at an offer price of 80 pence per share to raise aggregate gross proceeds of 39.5 million pounds sterling (approximately $60-million (U.S.)). The offer price represents a discount of approximately 3.9 per cent to the closing middle-market price of 83.25 pence per share on Feb. 3, 2015, being the last business day prior to the announcement of the firm placing, placing and open offer, and a discount of approximately 3.6 per cent to the closing middle-market price of 83 pence per share on Feb. 5, 2015, being the last business day prior to this announcement.
The placing shares comprise 26.75 million firm placed shares and 22,625,000 conditional placed shares. The placing shares represent approximately 42.4 per cent of the company's issued ordinary share capital prior to the equity placing.
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