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Anglo Pacific Group PLC Royalty Portfolio Acquisition from South32 Transcript

Jul 12, 2022 / 08:00AM GMT
Release Date Price: £1.5 (+3.59%)
Operator

Okay, Marc, over to you.

Marc Bishop Lafleche
Anglo Pacific Group plc - CEO & Director

Good morning, all, and thank you for joining us today in relation to our most recent acquisition. I'm Marc Lafleche, CEO of Anglo Pacific Group, joined here today by Kevin Flynn, CFO. And we're absolutely delighted to announce the acquisition of a high-quality portfolio advanced stage development royalties from South32 for fixed consideration of $185 million and up to $15 million of contingent payments.

The transaction last recycling of income generated by our coking coal royalty into copper and nickel, which is essentially straight down the fairway in terms of delivering on our stated strategy.

Anglo Pacific is now positioned as the leading future-facing commodities, royalty and streaming business. The acquisition has been structured to minimize upfront cash outlays, which maintains balance sheet strength ensures a well-covered ability to support a 7p annual dividend into the future as well as maintain flexibility for future acquisitions. At

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