We advised the joint bookrunners on the transaction

Davis Polk advised the joint bookrunners to Anglo Pacific Group PLC on its placing of 33,664,371 new ordinary shares at a price of £1.28 per share. The placing was conducted by way of a non-pre-emptive cashbox structure. Concurrently with the placing, retail investors subscribed for 2,687,372 new ordinary shares at the placing price through a retail offer on the PrimaryBid platform. In aggregate, the new ordinary shares represent approximately 20% of the company’s issued share capital prior to the equity fundraise and the company raised gross proceeds of approximately £46 million. The new ordinary shares have been admitted to trading on the London Stock Exchange and the Toronto Stock Exchange.

The Davis Polk corporate team included partner Dan Hirschovits and associate Vivek Thanki. Partner Reuven B. Young and associate Eyvana Maria Bengochea provided U.S. securities law advice. Partner Jonathan Cooklin and associate Freddie Schwier provided tax advice. All members of the Davis Polk team are based in the London office.

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