– UK, London – Anglo Pacific Group PLC (LSE: APF, TSX: APY), the London and Toronto listed royalty company, announces that Patrick Meier will succeed Mike Blyth as Chairman of the Company following the 2017 Annual General Meeting.
Patrick has over 30 years’ experience in investment banking with specialist knowledge of the mining sector, having headed up the investment banking activities for RBC Capital Markets in Europe and Asia. Patrick joined the Board as a non-executive director in April 2015.
Outgoing Chairman Mike Blyth, who joined the Board in March 2013 and was appointed Chairman in April 2014, will remain a non-executive director of the Company. As Chairman, Mike made a significant contribution to the Group, overseeing the appointment of the current management team, the reconstitution of the Board of Directors and an overhaul of the Group’s corporate governance processes.
Patrick Meier, incoming Chairman of Anglo Pacific, said: “I am delighted that I will be leading Anglo Pacific Group into this exciting stage of development. The Company is well placed to benefit from the improved sentiment in the sector, and has both a strong balance sheet and growth prospects. I have full confidence in the team led by Julian Treger, and believe that we can continue to diversify the portfolio, and drive significant financial returns for shareholders.”
Mike Blyth, outgoing Chairman of Anglo Pacific, said: “We have a strong Board with a wide range of relevant skills and experience. A recovery in commodity prices together with the increase in mining within our private royalty lands at Kestrel has significantly improved our financial position. We are therefore ideally placed to take advantage of the opportunities that an increasingly confident resources sector should provide. Our recently concluded Denison transaction should be just the beginning.
Patrick Meier has an in-depth knowledge of the mining sector and I have every confidence in his ability to lead the Company through this next stage in our development.”
About Anglo Pacific
Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company’s strategy is to develop a leading international diversified royalty and streaming company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth through acquiring royalties on projects that are currently cash flow generating or are expected to be within the next 24 months, as well as investment in earlier stage royalties. It is a continuing policy of the Company to pay a substantial portion of these royalties to shareholders as dividends.
For more information : http://www.anglopacificgroup.com
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