| Thu 23 Jul 2009, 8:00 | | AGL - Anglo American plc - News released: Kumba Iron Ore Limited interim results |
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AGL
ANAAL
AGL - Anglo American plc - News released: Kumba Iron Ore Limited interim results
2009
Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
News released: Kumba Iron Ore Limited interim results 2009
Anglo American wishes to draw attention to Kumba Iron Ore Limited`s announcement
of their interim results for the six months ended 30 June 2009.
Anglo American will report underlying earnings in respect of Kumba Iron Ore
Limited of US$230 million for the six months ended 30 June 2009, which takes
into account certain adjustments.
$m
IFRS headline earnings (US dollar 379
equivalent of published)
Exploration 1
Other adjustments (1)
379
Minority interest (138)
Elimination of inter-company interest (8)
Depreciation of assets fair valued on (3)
acquisition (net of tax)
Contribution to Anglo American plc 230
underlying earnings
Anglo American will report results for the six months ended 30 June 2009 on 31
July 2009. The above figures are unaudited.
Underlying Earnings
Underlying Earnings is net profit attributable to equity shareholders, adjusted
for the effect of special items and remeasurements, and any related tax and
minority interests. Special items include those items of financial performance
which the Group believes should be excluded from underlying financial
performance, and principally relate to impairment and significant closure costs,
exceptional legal provisions and profit or loss on disposals. Remeasurements
include adjustments to ensure that the unrealised gains or losses on non-hedge
derivative instruments are recorded in underlying earnings in the same period as
the underlying transaction against which these instruments provide an economic,
but not formally designated, hedge as well as foreign exchange impacts arising
on certain deferred tax balances.
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.
23 July 2009
Sponsor:
UBS South Africa (Pty) Ltd
Date: 23/07/2009 08:00:10 Produced by the JSE SENS Department.
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