| Wed 22 Jul 2009, 14:32 | | AGL - Anglo American reduces shareholding in Hulamin |
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AGL
ANAAL
AGL - Anglo American reduces shareholding in Hulamin
Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
News Release:
Anglo American reduces shareholding in Hulamin
Anglo American plc ("Anglo American") announces the disposal of the majority of
its shareholding in Hulamin Ltd. ("Hulamin"), the South African aluminium
products company, in line with Anglo American`s strategic commitment to focus on
its core mining operations.
Anglo American has sold 61 million Hulamin shares to Coronation Asset Management
at a price of ZAR12 per share, a premium of approximately 10% to the prevailing
market price, realising a total consideration of ZAR732 million or approximately
US$93 million. Anglo has therefore reduced its shareholding from 96.8 million
shares to a balance of 35.8 million shares, or approximately 17% of Hulamin`s
shares in issue. Anglo American intends to explore options for unlocking value
from its residual shareholding in Hulamin in due course.
For further information, please contact:
United Kingdom
James Wyatt-Tilby, Media Relations
Tel: +44 (0)20 7968 8759
Tel: +44 (0)7817 735 337
Caroline Metcalfe, Investor Relations
Tel: +44 (0)20 7968 2192
South Africa
Anna Poulter, Investor Relations
Tel: +27 (0)11 638 2079
Pranill Ramchander, Media Relations
Tel: +27 (0)11 638 2592
About Anglo American
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)
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any
person is, or becomes, "interested" (directly or indirectly) in 1% or more of
any class of "relevant securities" of Anglo American or Xstrata plc ("Xstrata"),
all "dealings" in any "relevant securities" of that company (including by means
of an option in respect of, or a derivative referenced to, any such "relevant
securities") must be publicly disclosed by no later than 3.30 pm (London time)
on the London business day following the date of the relevant transaction. This
requirement will continue until the date on which the offer becomes, or is
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or
on which the "offer period" otherwise ends. If two or more persons act together
pursuant to an agreement or understanding, whether formal or informal, to
acquire an "interest" in "relevant securities" of Anglo American or Xstrata,
they will be deemed to be a single person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of either Anglo American or Xstrata by Anglo American or Xstrata, or
by any of their respective "associates", must be disclosed by no later than
12.00 noon (London time) on the London business day following the date of the
relevant transaction.
A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel`s website at
www.thetakeoverpanel.org.uk.
"Interests in securities" arise, in summary, when a person has long economic
exposure, whether absolute or conditional, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Code, which can also be found on the
Takeover Panel`s website. If you are in any doubt as to whether or not you are
required to disclose a "dealing" under Rule 8, you should consult the Panel.
22 July 2009
Sponsor
UBS South Africa (Pty) Ltd
Date: 22/07/2009 14:32:35 Produced by the JSE SENS Department.
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