| Mon 30 Jun 2008, 16:14 | | ANG - Anglogold Ashanti Limited - Oversubscription of the ADS rights offer |
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ANANO
ANG - Anglogold Ashanti Limited - Oversubscription of the ADS rights offer
ANGLOGOLD ASHANTI - OVERSUBSCRIPTION OF THE ADS RIGHTS OFFER
AngloGold Ashanti Limited
Incorporated in the Republic of South Africa
Registration Number: 1944/017354/06)
ISIN Number:ZAE000043485
JSE Share Code: ANG
("AngloGold Ashanti/Company")
This is not an offer for the sale of securities. Not for release or
distribution in or into the United States
ANGLOGOLD ASHANTI - OVERSUBSCRIPTION OF THE ADS RIGHTS OFFER
Further to the press release on 26 June 2008, the Bank of New York, AngloGold
Ashanti`s American Depositary Share ("ADS") rights agent, has received final
acceptances and oversubscriptions for 32,624,944 ADS following the close of
AngloGold Ashanti`s ADS rights offer on Monday, 23 June 2008. This represents a
take-up ratio of approximately 148%.
As of the ADS record date of 3 June 2008 there were 89,266,223 ADS in issue,
representing 32.1% of AngloGold Ashanti`s issued ordinary shares. The ADS rights
offer forms part of the ordinary share rights offer which expires on 4 July
2008.
Ordinary Share Rights Offer
As announced on 23 May 2008, the renounceable rights offer of 69,470,442 new
ordinary shares of ZAR 25 cents each to AngloGold Ashanti ordinary and E
shareholders and AngloGold Ashanti ADS holders is at a subscription price of
ZAR194.00 per rights offer share or ADS and in the ratio of 24.6403 rights offer
shares for every 100 AngloGold Ashanti shares or ADS held.
The last day to trade the ordinary share letters of allocation on the JSE
Limited was Friday, 27 June 2008. The ordinary share rights offer closes at
12:00 pm (South African time) on Friday, 4 July 2008. The results of the rights
offer are expected to be announced on Monday, 7 July 2008.
Johannesburg
30 June 2008
JSE Sponsor : UBS
Goldman Sachs International, Morgan Stanley & Co. International plc and J.P.
Morgan Securities Ltd., which are regulated in the United Kingdom by the
Financial Services Authority, are acting for AngloGold Ashanti and no-one else
in connection with the rights offer and will not be responsible to anyone other
than AngloGold Ashanti for providing the protections afforded to clients of
Goldman Sachs International, Morgan Stanley & Co. International plc and J.P.
Morgan Securities Ltd. nor for providing advice in connection with the rights
offer. UBS Limited is acting for AngloGold Ashanti and no-one else in connection
with the rights offer and will not be responsible to anyone other than AngloGold
Ashanti for providing the protections afforded to clients of UBS Limited nor for
providing advice in connection with the rights offer.
This announcement shall not constitute an offer to sell or the solicitation
of an offer to buy securities, nor shall there be any sale of the securities
described herein, in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of such jurisdiction. AngloGold Ashanti has filed a registration
statement in the United States under the Securities Act of 1933, as amended, in
connection with the offer and sale of the securities described herein and such
securities were registered for offer and sale in the United States. Any public
offering of securities in the United States has been or is being made by means
of a prospectus and a related prospectus supplement that form part of this
registration statement and that contains detailed information about AngloGold
Ashanti and its management, as well as financial statements. Such prospectus may
be obtained from AngloGold Ashanti at 76 Jeppe Street, Newtown, Johannesburg,
South Africa.
The rights offer described in this announcement is only addressed to and
directed at persons in member states of the European Economic Area, or EEA, who
are "Qualified Investors" within the meaning of Article 2(1)(e) of the
Prospectus Directive. In addition, in the United Kingdom, the rights offering is
only addressed to and directed at (1) Qualified Investors who are investment
professionals falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order"), or high net worth
entities falling within Article 49(2)(a)-(d) of the Order or (2) persons to whom
it may otherwise lawfully be communicated (all such persons together being
referred to as "Relevant Persons"). The new shares are only available to, and
any invitation, offer or agreement to subscribe, purchase or otherwise acquire
such securities will be engaged in only with, (1) in the United Kingdom,
Relevant Persons and (2) in any member state of the EEA other than the United
Kingdom, Qualified Investors. In addition, due to restrictions under securities
laws, the rights offer is not available to persons who are residents in Japan.
The rights offer is also not addressed to, or directed at, holders of AngloGold
Ashanti GhDSs in Ghana or holders of AngloGold Ashanti CDIs who are resident
outside Australia.
This announcement includes "forward-looking information" within the meaning
of Section 27A of the Securities Act, and Section 21E of the Securities Exchange
Act of 1934, as amended. All statements other than statements of historical
fact are, or may be deemed to be, forward-looking statements, including, without
limitation those concerning: AngloGold Ashanti`s strategy to reduce its gold
hedging position including the extent and effect of the hedge reduction; the
economic outlook for the gold mining industry; expectations regarding gold
prices, production, costs and other operating results; growth prospects and
outlook of AngloGold Ashanti`s operations, individually or in the aggregate,
including the completion and commencement of commercial operations at AngloGold
Ashanti`s exploration and production projects and the completion of acquisitions
and dispositions; AngloGold Ashanti`s liquidity and capital resources and
expenditure; and the outcome and consequences of any pending litigation
proceedings. These forward-looking statements are not based on historical
facts, but rather reflect AngloGold Ashanti`s current expectations concerning
future results and events and generally may be identified by the use of forward-
looking words or phrases such as "believe", "aim", "expect", "anticipate",
"intend", "foresee", "forecast", "likely", "should", "planned", "may",
"estimated", "potential" or other similar words and phrases. Similarly,
statements that describe AngloGold Ashanti`s objectives, plans or goals are or
may be forward-looking statements.
These forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the AngloGold Ashanti`s actual
results, performance or achievements to differ materially from the anticipated
results, performance or achievements expressed or implied by these forward-
looking statements. Although AngloGold Ashanti believes that the expectations
reflected in these forward-looking statements are reasonable, no assurance can
be given that such expectations will prove to have been correct.
For a discussion of such risk factors, shareholders should refer to the
annual report on Form 20-F for the year ended 31 December 2007, which was filed
with the Securities and Exchange Commission on 19 May 2008. These factors are
not necessarily all of the important factors that could cause AngloGold
Ashanti`s actual results to differ materially from those expressed in any
forward-looking statements. Other unknown or unpredictable factors could also
have material adverse effects on future results.
In connection with the proposed merger transaction involving AngloGold
Ashanti and Golden Cycle Gold Corporation ("GCGC"), AngloGold Ashanti has filed
with the SEC a registration statement on Form F-4 and GCGC has mailed a proxy
statement/prospectus to its shareholders. Shareholders can receive a free copy
of the proxy statement/prospectus as well as other filings containing
information about AngloGold Ashanti and GCGC, without charge, at the SEC`s
Internet site (http://www.sec.gov). A special meeting of GCGC shareholders to
approve the transaction is scheduled to be held on 30 June 2008, after which the
results of the special meeting will be announced.
Queries
South Africa:
Himesh Persotam (Investor Relations) Tel: +27 (0) 11 637-6647
Mobile: +27 (0) 82 339 3890 E-mail: hpersotam@AngloGoldAshanti.com
Alan Fine (Media) Tel: +27 (0) 11 637-6383 Mobile: +27 (0) 83 250 0757
E-mail: afine@AngloGoldAshanti.com
Joanne Jones (Media) Tel: +27 (0) 11 637- 6813 Mobile : +27 (0) 82 896 0306
E-mail: jjones@AngloGoldAshanti.com
Date: 30/06/2008 16:14:01 Produced by the JSE SENS Department.
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