| Tue 19 May 2009, 8:00 | | ANG - Anglogold Ashanti Limited Announces The Pricing Of An Offering Of |
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ANG
ANANO
ANG - Anglogold Ashanti Limited Announces The Pricing Of An Offering Of
Us$650,000,000 (Subject To Increase By Up To Us$82,500,000 Pursuant To An
Option) 3.50 Percent Convertible Bonds Due 2014 By Its Subsidiary, Anglogold
Ashanti Holdings Finance Plc, Unconditionally And Irrevocably Guaranteed By
Anglogold Ashanti Limited
AngloGold Ashanti Limited
Incorporated in the Republic of South Africa
Registration Number: 1944/017354/06)
ISIN Number: ZAE000043485
JSE Share Code: ANG
ANGLOGOLD ASHANTI LIMITED ANNOUNCES THE PRICING OF AN OFFERING OF US$650,000,000
(SUBJECT TO INCREASE BY UP TO US$82,500,000 PURSUANT TO AN OPTION) 3.50 PERCENT
CONVERTIBLE BONDS DUE 2014 BY ITS SUBSIDIARY, ANGLOGOLD ASHANTI HOLDINGS FINANCE
PLC, UNCONDITIONALLY AND IRREVOCABLY GUARANTEED BY ANGLOGOLD ASHANTI LIMITED
AngloGold Ashanti Limited ("AngloGold Ashanti") today announced the final
terms of an offering of US$650,000,000 (subject to increase by up to
US$82,500,000 pursuant to an option) 3.50 percent convertible bonds due 2014
(the "Bonds") by its wholly-owned subsidiary, AngloGold Ashanti Holdings Finance
plc (the "Issuer"). The Bonds are unconditionally and irrevocably guaranteed by
AngloGold Ashanti Limited.
The Bonds will be convertible into American Depositary Shares ("ADSs") of
AngloGold Ashanti, subject to certain restrictions and the right of the Issuer
to elect to settle in cash in certain circumstances. AngloGold Ashanti
shareholders will be requested to grant specific authority for the directors to
issue ordinary shares pursuant to the conversion rights which will attach to the
Bonds. Each ADS currently represents one ordinary share of AngloGold Ashanti.
Conversion in full of the Bonds (at the initial conversion price of
US$47.6126 per ADS, and without taking the option into account) would result in
the issuance of a maximum of 13,651,848 ADSs. The proceeds of the offering of
the Bonds will be used to refinance AngloGold Ashanti`s debt facilities and for
general corporate purposes.
The closing and settlement date of the offering is expected to occur on or
about 22 May, 2009. The conversion premium to the reference volume weighted
average price of the ADSs on the NYSE on 18 May 2009 of US$34.6272 was
approximately 37.50 percent.
The Bonds will be offered and sold to non-US persons outside the United
States in reliance upon Regulation S under the US Securities Act of 1933, as
amended (the "Securities Act"), and will be offered and sold in the United
States to qualified institutional buyers in reliance on Rule 144A under the
Securities Act.
Approval-in-principle has been received for the listing of the Bonds on the
Singapore Exchange Securities Trading Limited.
This announcement is not an offer of securities for sale in the United
States. Securities may not be sold in the United States unless they are
registered or are exempt from registration. Neither AngloGold Ashanti Holdings
Finance plc nor AngloGold Ashanti Limited has registered or intends to register
any portion of this offering in the United States or to conduct a public
offering in the United States.
STABILISATION/FSA
This announcement is directed only at persons (i) who are outside the United
Kingdom or (ii) who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (iii) who
fall within Article 49(2)(a) to (d) of the Order or (iv) to whom this
announcement may otherwise be directed without contravention of section 21 of
the Financial Services and Markets Act 2000 (all such persons together being
referred to as "Relevant Persons"). This announcement is directed only at
Relevant Persons and must not be acted on or relied on by persons who are not
Relevant Persons. Any investment or investment activity to which this
Announcement relates is available only to Relevant Persons and will be engaged
in only with Relevant Persons.
ENDS
19 May 2009
JSE Sponsor - UBS
Contacts
Joanne Jones (Media) Tel: +27 (0) 11 637- 6813 Mobile: +27 (0) 82 896 0306
E-mail: jjones@AngloGoldAshanti.com
Stewart Bailey (Investors) Tel: +1 646 717-3978
E-mail: sbailey@AngloGoldAshanti.com
Disclaimer
Certain statements made in this communication contain certain forward-looking
statements regarding AngloGold Ashanti. Although AngloGold Ashanti believes
that the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will prove to have
been correct. Accordingly, results could differ materially from those set out in
the forward-looking statements as a result of, among other factors, changes in
economic and market conditions, success of business and operating initiatives,
changes in the regulatory environment and other government actions, fluctuations
in gold prices and exchange rates, and business and operational risk management.
For a discussion of such factors, refer to AngloGold Ashanti`s annual report for
the year ended 31 December 2008, which was distributed to shareholders on 27
March 2009 and the company`s annual report on Form 20-F, filed with the
Securities and Exchange Commission in the United States on May 5, 2009 and
amended on May 6, 2009. AngloGold Ashanti undertakes no obligation to update
publicly or release any revisions to these forward-looking statements to reflect
events or circumstances after today`s date or to reflect the occurrence of
unanticipated events. All subsequent written or oral forward-looking statements
attributable to AngloGold Ashanti or any person acting on its behalf are
qualified by the cautionary statements herein.
Date: 19/05/2009 08:00:07 Produced by the JSE SENS Department.
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