Censure imposed by the JSE on AngloGold Ashanti plc
GEN – General – AngloGold Ashanti plc
Censure imposed by the JSE on AngloGold Ashanti plc (“AngloGold Ashanti” or “Company”)
The JSE hereby informs stakeholders of the following findings in respect of AngloGold Ashanti:
BACKROUND
1. AngloGold Ashanti has its primary listing on the New York Stock Exchange (NYSE) and a secondary listing
on the JSE.
2. In terms of paragraph 18.21(b) of the Listings Requirements in force at the time, an issuer with a
secondary listing on the JSE that intends to release information on another exchange is required to
ensure that such information is released simultaneously on SENS. This means that the information must
be published on SENS at the same time as, or no later than, its release on the other exchange.
3. On 1 August 2025, the Company published its Q2 and Six months Ended 30 June 2025 Earnings Release
and Dividend Declaration information. The information was disseminated as follows:
(a) 12:07pm (SAST) via Businesswire, a third-party news distribution service used to disseminate
company announcements to the NYSE market;
(b) 12:10pm (SAST) on the Company’s website;
(c) 12:10pm (SAST), Bloomberg disseminated the information after it became publicly available;
(d) 12:22pm through EDGAR at the United States Securities and Exchange Commission (SEC); and
(e) 12:34pm (SAST) on the JSE SENS platform.
4. At all times during the sequence of events set out above, the JSE was open for trading. However, the
NYSE pre-opening and core trading sessions only opened at 12:30pm (SAST) and 3:30pm (SAST),
respectively, on 1 August 2025.
5. The JSE became aware, through an external party, that the information had been disseminated on SENS
only after it had appeared on Bloomberg.
6. The Company proceeded on the basis that it was not able to effect simultaneous or near-simultaneous
disclosure on both exchanges. The JSE’s investigation, however, determined that compliance with
paragraph 18.21(b) was reasonably achievable.
7. Accordingly, the JSE found the Company in breach of paragraph 18.21(b) of the Listings Requirements
in force at the time for failing to release the announcement relating to the Company’s Q2 and Six Months
Ended 30 June 2025 Earnings Release and Dividend Declaration simultaneously on the NYSE and SENS
on the JSE on 1 August 2025, which resulted in a delayed release of the announcement on SENS.
JSE’S DECISION TO CENSURE THE COMPANY
8. The requirement for simultaneous disclosure on SENS and other exchanges is fundamental to the
principles of fairness, transparency and market integrity underpinning the Listings Requirements. Timely
and equivalent dissemination of information ensures that all investors, irrespective of their location or
the exchange through which they access information, have equal and simultaneous access to such
information. Any delay in releasing information or releasing it on one exchange before another, could
result in a risk that some investors receive the information before others. This can lead to trading taking
place on the basis of information that is not yet available to the wider market. Such situations undermine
confidence in the market and its fairness. Issuers must therefore ensure that disclosures are made at
the same time across all relevant platforms to avoid any unequal access to information and to support
the proper and orderly functioning of the market.
9. In this instance, the information published by the Company was inherently price sensitive as it related
directly to the Company’s Q2 and six months ended 30 June 2025 financial results and its dividend
declaration, both of which are matters capable of materially affecting the price of the Company’s
securities.
10. For these reasons and with reference to the JSE’s findings of breach, the JSE has decided to impose this
public censure on AngloGold Ashanti as a result of its failure to comply with important provisions of the
Listings Requirements.
2 October 2026
Date: 02/10/2026 07:05:00
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the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.