| Wed 18 Mar 2009, 8:45 | | AGL - Anglo American plc - Anglo American sells remaining 11.3% shareholding |
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AGL
ANAAL
AGL - Anglo American plc - Anglo American sells remaining 11.3% shareholding
in AngloGold Ashanti for $1.28 billion
Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
("Anglo American plc" or "the company")
Anglo American sells remaining 11.3% shareholding in AngloGold Ashanti for
$1.28 billion
Anglo American plc ("Anglo American") announces the sale of its remaining
11.3% shareholding (39,911,282 shares) in AngloGold Ashanti Limited
("AngloGold Ashanti") to investment funds managed by Paulson & Co Inc for
$32.00 per share in cash (the "transaction"), generating proceeds of $1.28
billion.
The proceeds will be used for general corporate purposes. Consistent with
Anglo American`s stated intention to dispose of this non-core holding, Anglo
American no longer owns any shares in AngloGold Ashanti.
At 31 December 2008, Anglo American`s shareholding in AngloGold Ashanti was
16.2%. Subsequent to this date, Anglo American disposed of 17.3 million
shares in AngloGold Ashanti and, combined with this transaction, realises
total proceeds of $1.77 billion.
The securities referred to herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "U.S. Securities
Act"), and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the U.S. Securities Act. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy such securities in the United
States or in any other jurisdiction where such offer is unlawful.
Deutsche Bank provided assistance in connection with the transaction. UBS and
Goldman Sachs have also provided advice to Anglo American in relation to its
shareholding in AngloGold Ashanti.
For further information, please contact:
United Kingdom
James Wyatt-Tilby, Media Relations
Tel: +44 (0)20 7968 8759
Anna Poulter, Investor Relations
Tel: +44 (0)20 7968 2155
South Africa
Pranill Ramchander, Media Relations
Tel: +27 (0)11 638 2592
Notes to Editors:
Anglo American plc is one of the world`s largest mining groups. With its
subsidiaries, joint ventures and associates, it is a global leader in
platinum group metals and diamonds, with significant interests in coal, base
and ferrous metals, as well as an industrial minerals business. The Group is
geographically diverse, with operations in Africa, Europe, South and North
America, Australia and Asia. (www.angloamerican.co.uk)
17 March 2009
Sponsor
UBS South Africa (Pty) Ltd
Date: 18/03/2009 08:45:06 Produced by the JSE SENS Department.
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