AGPIF - Anglo Pacific Group announces £5M share buyback program

Anglo Pacific Group (AGPIF) to initiate a share buyback program to purchase up to £5M ordinary shares, through 25 September 2020 to 25 November 2020. Julian Treger, Chief Executive Officer of the Company, commented: "Today's announcement reflects our continued confidence in the underlying value and prospects of the Company, and adds to the significant on-market share purchases made by members of our Board over the past twelve months. The current share price offers, in our view, an attractive yield in a market where real interest rates are negative and widescale dividend cuts have been implemented. This buyback is largely being financed from the partial disposal of the Company's non-core equity holdings and so does not impact materially on our firepower for completing new royalty transactions. We remain firmly in growth mode and expect to announce further progress on this front in the coming months."

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Anglo Pacific Group announces £5M share buyback program