| Mon 29 Mar 2010, 13:04 | | AGL - Anglo American plc - Anglo Platinum rights offer |
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AGL
ANAAL
AGL - Anglo American plc - Anglo Platinum rights offer
Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
Anglo Platinum rights offer
Anglo American plc wishes to draw attention to the announcement today by its
subsidiary company, Anglo Platinum, in relation to the ZAR12.5 billion
(approximately $1.7 billion) Anglo Platinum Rights Offer ("the Rights
Offer").
The Rights Offer, which closed on Friday 26 March, received strong support
from Anglo Platinum`s shareholders and was, as a result, significantly over-
subscribed, after taking into account the applications received for excess
Rights Offer shares.
Anglo American took up its rights in full associated with its shareholding in
Anglo Platinum and, given the strong demand for the balance of the Rights
Offer shares, Anglo American`s underwriting commitment in relation to the
minority portion of the Rights Offer was not called upon. Accordingly,
following the Rights Offer, Anglo American`s shareholding in Anglo Platinum
is expected to be unchanged at 79.72%.
Anglo American believes that the demand shown for the Rights Offer shares is
a clear demonstration of confidence in Anglo Platinum`s strategy as the
world`s leading producer of platinum, following its major restructuring in
2009 and ongoing operational improvements. Anglo Platinum now has a more
balanced capital structure, enabling it to focus on extracting value from its
existing operations through further cost and productivity improvements and
optimising its premium portfolio of assets and growth projects through
disciplined investment.
This announcement does not constitute or form part of any offer or
solicitation to purchase or subscribe for securities in the United States.
The securities have not been and will not be registered under the US
Securities Act of 1933 (the "Securities Act") or the securities laws of any
state or any other jurisdiction of the United States. Consequently, they may
not be offered, sold, taken up, exercised, resold, renounced, transferred or
delivered, directly or indirectly, within the United States except pursuant
to an applicable exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and in compliance with any
applicable securities laws of any state or other jurisdiction of the United
States. There will be no public offer of securities in the United States.
This press release includes statements that are forward-looking in nature.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause actual results, performance or achievements to
be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.
For further information, please contact:
United Kingdom
James Wyatt-Tilby, Media Relations
Tel: +44 (0)20 7968 8759
Caroline Metcalfe, Investor Relations
Tel: +44 (0)20 7968 2192
Leisha Wemyss, Investor Relations
Tel : +44 (0)20 7968 8607
South Africa
Pranill Ramchander, Media Relations
Tel: +27 (0)11 638 2592
Anna Poulter, Investor Relations
Tel: +27 (0)11 638 2079
Notes to Editors:
Anglo American plc is one of the world`s largest mining companies, is
headquartered in the UK and listed on the London and Johannesburg stock
exchanges. Its portfolio of mining businesses spans precious metals and
minerals - in which it is a global leader in both platinum and diamonds; base
metals - copper and nickel; and bulk commodities - iron ore, metallurgical
coal and thermal coal. Anglo American is committed to the highest standards
of safety and responsibility across all its businesses and geographies and to
making a sustainable difference in the development of the communities around
its operations. The company`s mining operations and extensive pipeline of
growth projects are located in southern Africa, South America, Australia,
North America and Asia.
www.angloamerican.co.uk
29 March 2010
Sponsor: UBS South Africa (Pty) Ltd
Date: 29/03/2010 13:04:02 Produced by the JSE SENS Department.
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