Anglo Pacific Group PLC Announces Board Changes

Rhea-AI Summary

Anglo Pacific Group PLC has announced that Vanessa Dennett will retire as a Non-Executive Director after the Annual General Meeting on May 26, 2021, and will not seek re-election. Following her departure, Graeme Dacomb will serve as interim Chair of the Remuneration Committee. A search for her replacement will begin, focusing on diversity as per the corporate governance guidelines. Chairman Patrick Meier expressed gratitude for Dennett's contributions, particularly in the recent acquisition of a US$205 million cobalt stream.

Positive

• Vanessa Dennett's leadership in the Remuneration Committee resulted in a comprehensive review of the compensation structure.
• The US$205 million acquisition of the Voisey's Bay cobalt stream highlights strategic growth.

Negative

• None.

LONDON, UK / ACCESSWIRE / April 14, 2021 / Anglo Pacific Group PLC ("Anglo Pacific", the "Company" or the "Group") (LSE:APF)(OTC PINK:AGPIF)(TSX:APY) announces that Vanessa Dennett has indicated her intention to retire as a Non-Executive Director of the Company after Anglo Pacific's Annual General Meeting to be held on 26 May 2021 and so will not be putting herself forward for re-election.

Following Vanessa's retirement, Graeme Dacomb will assume the Chair of the Remuneration Committee on an interim basis.

A search process will now commence to identify a replacement, bearing in mind our criteria for Director appointments, including diversity, as laid out in the Corporate Governance report in our 2021 Annual Report published today.

Patrick Meier, Chairman of Anglo Pacific, commented:

"We are immensely grateful to Vanessa for the enormous contribution she has made to the Group over the last few years. She has also been an energetic chair of the Remuneration Committee which has overseen a full review of our compensation structure and the design of the new long-term incentive plan, which will be put to the AGM for approval. Vanessa has played a vital role on the board with her background in M&A being particularly valuable in our recent US$205m Voisey's Bay cobalt stream acquisition. We will miss her wise counsel, it has been a privilege to work alongside Vanessa and we wish her well in retirement."

For further information:

Anglo Pacific Group PLC	+44 (0) 20 3435 7400
Julian Treger - Chief Executive Officer Kevin Flynn - Chief Financial Officer
Website:	www.anglopacificgroup.com
Berenberg	+44 (0) 20 3207 7800
Matthew Armitt / Jennifer Wyllie / Varun Talwar / Detlir Elezi
Peel Hunt LLP	+44 (0) 20 7418 8900
Ross Allister / Alexander Allen / David McKeown
RBC Capital Markets Farid Dadashev / Marcus Jackson / Jamil Miah	+44 (0) 20 7653 4000
Camarco	+44 (0) 20 3757 4997
Gordon Poole / Owen Roberts / James Crothers

Notes to Editors

About Anglo Pacific

Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company's strategy is to become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles. It is a continuing policy of the Company to pay a substantial portion of these royalties and streams to shareholders as dividends.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com

SOURCE: Anglo Pacific Group PLC

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FAQ

What will happen after Vanessa Dennett retires from Anglo Pacific Group?

After Vanessa Dennett's retirement, Graeme Dacomb will take on the role of interim Chair of the Remuneration Committee.

When is the Annual General Meeting for Anglo Pacific Group?

The Annual General Meeting for Anglo Pacific Group will be held on May 26, 2021.

What was Vanessa Dennett's role at Anglo Pacific Group?

Vanessa Dennett served as a Non-Executive Director and chaired the Remuneration Committee at Anglo Pacific Group.

What was the value of the cobalt stream acquisition by Anglo Pacific Group?

Anglo Pacific Group recently made a US$205 million acquisition of the Voisey's Bay cobalt stream.