Anglo American plc
ISIN code: GB0004901517
Issuer code: ANAAL
Alpha code: AGL
Press Release: Anglo American plc - Convertible Bond Issue
8 April 2002
This press release is not an offer for sale of the Bonds of Anglo American
plc in the United States. The Bonds are not being registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States or to US persons except pursuant to an applicable exemption
from such registration. Any offering of the securities will be made only by
means of a prospectus containing detailed information regarding Anglo
American plc and its management, including financial statements. Such
prospectus will be made available through Anglo American plc.
In connection with the issue of the Bonds, Schroder Salomon Smith Barney or
any of its agents may over-allot or effect transactions with a view to
supporting the market price of the Bonds and the Shares at a level higher
than that which might otherwise prevail for a limited period after 17 April
2002. However, there may be no obligation on Schroder Salomon Smith Barney
or any agent of it to do this. Such stabilising, if commenced, may be
discontinued at any time and must be brought to an end after a limited
period.
Offering of US$1 billion 3 3/8 per cent Convertible Bonds due 2007
Anglo American plc ("Anglo American") announces that it has launched an
issue (the "Issue") of US$1 billion 3 3/8 per cent Convertible Bonds due 17
April 2007 (the "Bonds") convertible into ordinary shares of Anglo American
(the "Shares").
The Bonds will be issued at par and will bear a coupon of 3 3/8 per cent.
per annum payable semi-annually. The conversion price will be 16.13
(US$23.12 assuming an exchange rate of US$1.433: 1), representing a premium
of 35 per cent. over the closing price of the Shares in London on Friday 5
April 2002. If not converted or previously redeemed the Bonds will be
redeemed at par on 17 April 2007. The net proceeds of the Issue will be used
by Anglo American to pay down debt and for general corporate purposes.
Cazenove is Financial Adviser to Anglo American and Authorised Adviser in
relation to the Issue. Schroder Salomon Smith Barney is Lead Manager and
sole Book-runner to the Issue.
Application will be made for the Bonds to be admitted to the Official List
of the UK Listing Authority and to the London Stock Exchange plc for trading
on its market for listed securities.
Enquiries:
Anglo American - London
Investor Relations Media Relations
Nick von Schirnding Kate Aindow
Tel: +44 207 698 8540 Tel: +44 207 698 8619
Anglo American - Johannesburg
Investor / Media Relations
Anne Dunn
Tel: +27 11 638 4730
Cazenove
Financial Adviser to Anglo American plc
Duncan Hunter
Tel: 020 7588 2828
Schroder Salomon Smith Barney
Lead Manager and sole Bookrunner
Susan Lewis
Tel: 020 7986 1145
Notes to Editors:
Anglo American plc is one of the world's largest mining and natural resource
groups. With its subsidiaries, joint ventures and associates, it is a global
leader in gold, platinum group metals and diamonds, with significant
interests in coal, base and ferrous metals, industrial minerals and forest
products. The group is geographically diverse, with operations in Africa,
Europe, South and North America and Australia. (www.angloamerican.co.uk)
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
