| Mon 19 Mar 2007, 14:59 | | AMS/ AMSP - Anglo Platinum - Results of the Divide |
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AMS AMSP
ANANP
AMS/ AMSP - Anglo Platinum - Results of the Dividend Re-investment Election; and
Revised Conversion Price for Convertible Preference Shares
Anglo Platinum Limited
("Anglo Platinum")
Incorporated in the Republic of South Africa
Registration number: 1946/022452/06
JSE ordinary share code: AMS
ISIN code: ZAE000013181
JSE preference share code: AMSP
ISIN code: ZAE000054474
Results of the Dividend Re-investment Election; and Revised Conversion Price for
Convertible Preference Shares
1. Results of Dividend Re-investment Election
Shareholders are referred to the announcements dated 12 February 2007 and 2
March 2007 and the circular dated 12 February 2007 regarding the option to
elect to use 50% of the proceeds of the cash dividend ("the re-investment
election") to subscribe for new ordinary shares in Anglo Platinum ("the
subscription shares"). Shareholders are reminded that the election closed
on Friday, 16 March 2007.
At 31 December 2006 the number of ordinary shares in issue stood at
229,644,822. Between 1 January 2007 and 12 February 2007 preference
shareholders requested conversion from preference shares into ordinary
shares in respect of 5,970,189 preference shares. This resulted in an
additional 2,069,883 ordinary shares being issued which qualified for the
re-investment election.
Elections were received in respect of 3,604,352 subscription shares of
which 3,353,108 were in respect of Anglo South Africa Capital (Proprietary)
Limited`s holding. Elections represented 80.29% of ordinary shares
available for the subscription. The JSE Limited ("the JSE") approved a
maximum listing of the subscription shares and an application to adjust the
listing will be submitted to the JSE on Monday, 19 March 2007. These
shares have been issued with effect from commencement of business on
Monday, 19 March 2007. The total number of Anglo Platinum ordinary shares
in issue and listed on the JSE subsequent to the listing of the
subscription shares is 235,332,377. Anglo Platinum`s major shareholder,
Anglo South Africa Capital (Proprietary) Limited holds 176,436,873 of the
ordinary shares in issue or 74.97%.
An aggregate amount of R5,409,365,753 was paid in respect of the net cash
dividend.
Dividend cheques and, where applicable, share certificates will be posted
to certificated ordinary shareholders (at the risk of such shareholders) on
or about Monday, 19 March 2007. Dematerialised ordinary shareholders will
have their safe custody accounts with their CSDP or broker credited and/or
updated with the subscription shares and/or the cash dividend on Monday, 19
March 2007.
2. Revised Conversion Price for Convertible Preference Shares
As the dividend cover in respect of the 2006 dividend is less than 1.4
times, it is necessary, in accordance with the rights and privileges
of the convertible perpetual cumulative preference shares
("convertible preference shares"), to adjust the conversion price to
be used when convertible preference shares are converted into ordinary
shares. Currently the conversion price is R288.43 or 34.67046 ordinary
shares for each 100 convertible preference shares converted. Based on
the volume weighted average traded price of Anglo Platinum ordinary
shares on the JSE Limited for the five business days ended Friday, 9
March 2007 of R1006.58552, the conversion price is adjusted to R284.24
or 35.18154 ordinary shares for every 100 convertible preference
shares converted.
Convertible preference shareholders were informed in the announcement
dated Friday, 2 March 2007 that no conversions of convertible
preference shares may take place between Monday, 12 February and
Friday, 16 March 2007, both dates inclusive. The revised ratio will
therefore become effective in respect of conversions processed on or
after Monday, 19 March 2007.
Johannesburg
19 March 2007
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 19/03/2007 14:59:53 Produced by the JSE SENS Department.
