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ANGLOGOLD ASHANTI LIMITED - Results of cash tender offer

Release Date: 27/10/2021 08:20
Code(s): ANG     PDF:  
Wrap Text
Results of cash tender offer

AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa)
Reg. No. 1944/017354/06
ISIN: ZAE000043485 – JSE share code: ANG
CUSIP: 035128206 – NYSE share code: AU
(“AngloGold Ashanti” or the “Company”)


NEWS RELEASE

ANGLOGOLD ASHANTI HOLDINGS PLC ANNOUNCES FINAL RESULTS OF CASH TENDER OFFER
FOR ANY AND ALL OF ITS 5.125% NOTES DUE 2022

Please refer to the attached announcement for further information.



ENDS

Johannesburg
27 October 2021

JSE Sponsor: The Standard Bank of South Africa Limited



CONTACTS

Media
Chris Nthite            +27 11 637 6388/+27 83 301 2481         cnthite@anglogoldashanti.com
Julie Bain              +27 66 364 0038                         jbain@anglogoldashanti.com
General inquiries                                               media@anglogoldashanti.com

Investors
Sabrina Brockman        +1 646 880 4526/ +1 646 379 2555        sbrockman@anglogoldashanti.com
Yatish Chowthee         +27 11 637 6273 / +27 78 364 2080       yrchowthee@anglogoldashanti.com
Fundisa Mgidi           +27 11 6376763 / +27 82 821 5322        fmgidi@anglogoldashanti.com

Website: www.anglogoldashanti.com
                      ANGLOGOLD ASHANTI HOLDINGS PLC ANNOUNCES FINAL RESULTS OF CASH
                          TENDER OFFER FOR ANY AND ALL OF ITS 5.125% NOTES DUE 2022
            October 27, 2021. AngloGold Ashanti Holdings plc (the “Offeror”), a company incorporated under the
            laws of the Isle of Man, announces today the final results of the tender offer that the Offeror commenced
            on October 18, 2021, for any and all of its outstanding U.S.$750,000,000 5.125% notes due 2022 (the
            “Securities”), issued by the Offeror and guaranteed by AngloGold Ashanti Limited (“AGA”), a
            company incorporated under the laws of the Republic of South Africa, for cash (the “Offer”). The terms
            and conditions of the Offer are described in an offer to purchase dated October 18, 2021 (the “Offer to
            Purchase”). Capitalized terms not otherwise defined in this announcement have the same meaning as
            assigned to them in the Offer to Purchase.
            On October 22, 2021, the Offeror announced the Purchase Price in respect of the Securities.
            The Expiration Deadline for the Offer was 5:00 p.m. (New York City time) on October 22, 2021. The
            aggregate principal amount of Securities validly tendered and not withdrawn, including through the
            Guaranteed Delivery Procedures, was U.S.$307,136,000.
            The following table sets forth certain information relating to pricing of the Offer, as announced on
            October 22, 2021, as well as the results of the Offer:

                                                  Principal Amount                                           Aggregate Principal Amount
      Title of Security     ISIN / CUSIP            Outstanding(1)   Maturity Date        Purchase Price       Accepted for Purchase
 5.125% notes due         US03512TAC53 /          U.S.$750,000,000   August 1, 2022       U.S.$1,034.51       U.S.$307,136,000
      2022                  03512TAC5                                                     per U.S.$1,000
                                                                                         principal amount


______________
(1)   As of the commencement date of the Offer.

            The U.S.$307,136,000 aggregate principal amount of the Securities purchased pursuant, including through
            the Guaranteed Delivery Procedures, to the Offer will be retired and canceled and will no longer remain
            outstanding obligations of the Offeror.
            FURTHER INFORMATION
            Questions and requests for assistance in connection with the Offer may be directed to the Dealer
            Managers:



                                    Barclays Bank PLC                                                  BNP Paribas
                                   5 The North Colonnade                                          16 boulevard des Italiens
                                       Canary Wharf                                                     75009 Paris
                                      London E14 4BB                                                      France
                                      United Kingdom
                                                                                            Attention: Liability Management
                          Attention: Liability Management Group                                         Telephone:
                             Telephone: +44 (0) 20 3134 8515                                         +33 1 55 77 78 94
                               Email: eu.lm@barclays.com                              Email: liability.management@bnpparibas.com
                 J.P. Morgan Securities plc                             Merrill Lynch International
                       25 Bank Street                                      2 King Edward Street
                       Canary Wharf                                         London EC1A 1HQ
                      London E14 5JP                                         United Kingdom
                      United Kingdom
                                                                    Attention: Liability Management Group
              Attention: Liability Management                                Telephone (London):
               Telephone: +44 207 595 8222                                     +44 207 996 5420
            Email: em_europe_lm@jpmorgan.com,                             Telephone (U.S. Toll Free):
                                                                               +1 888 292 0070
                                                                               Telephone (U.S.):
                                                                               +1 980 387 3907
                                                                      Email: DG.LM-EMEA@bofa.com


Questions and requests for assistance in connection with the tender of Securities may be directed to:



                               INFORMATION & TENDER AGENT
                                          D.F. King

                                       E-mail: anglogold@dfking.com
                                 Offer Website: www.dfking.com/anglogold

                  In New York:                                           In London:

                 48 Wall Street                                         65 Gresham Street
             New York, NY 10005                                        London EC2V 7NQ
                  United States
 Banks and Brokers, Call Collect: +1 (212) 269-                          United Kingdom
                      5550                                            Tel: +44 20 7920 9700
 All Others, Call Toll-Free: +1 (877) 783-5524



NOTICE AND DISCLAIMER
Subject to applicable law, the Offeror or any of its affiliates may, at any time and from time to time,
acquire Securities, other than pursuant to the Offer, through open market or privately negotiated
transactions, through tender offers, exchange offers, redemptions (including the Post-Closing
Redemption) or otherwise, or the Offeror may redeem Securities pursuant to their terms to the extent
that such Securities then permit redemption. Any future purchases of Securities may be on the same
terms or on terms that are more or less favorable to Holders of Securities than the terms of the Offer,
and could be for cash or other consideration.
This announcement must be read in conjunction with the Offer to Purchase. This announcement and the
Offer to Purchase contain important information which must be read carefully before any decision is
made with respect to the Offer. If any Holder is in any doubt as to the action it should take or is unsure
of the impact of the Offer, it is recommended to seek its own financial and legal advice, including as to
any tax consequences, from its stockbroker, bank manager, attorney, accountant or other independent
financial or legal adviser. Any individual or company whose Securities are held on its behalf by a broker,
dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it
wishes to tender Securities in the Offer (or to validly withdraw any such tender). None of the Offeror,
the Dealer Managers, the Information & Tender Agent and any person who controls, or is a director,


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officer, employee or agent of such persons, or any affiliate of such persons, makes any recommendation
as to whether holders of Securities should participate in the Offer.
Cautionary Statement
Certain statements contained in this document, other than statements of historical fact, including,
without limitation, those concerning the economic outlook for the gold mining industry, expectations
regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and
other operating results, return on equity, productivity improvements, growth prospects and outlook of
AGA’s operations, individually or in the aggregate, including the achievement of project milestones,
commencement and completion of commercial operations of certain of AGA’s exploration and
production projects and the completion of acquisitions, dispositions or joint venture transactions,
AGA’s liquidity and capital resources and capital expenditures and the outcome and consequence of
any potential or pending litigation or regulatory proceedings or environmental health and safety issues,
are forward-looking statements regarding AGA’s operations, economic performance and financial
condition. These forward-looking statements or forecasts involve known and unknown risks,
uncertainties and other factors that may cause AGA’s actual results, performance or achievements to
differ materially from the anticipated results, performance or achievements expressed or implied in
these forward-looking statements. Although AGA believes that the expectations reflected in such
forward-looking statements and forecasts are reasonable, no assurance can be given that such
expectations will prove to have been correct. Accordingly, results could differ materially from those set
out in the forward-looking statements as a result of, among other factors, changes in economic, social
and political and market conditions, the success of business and operating initiatives, changes in the
regulatory environment and other government actions, including environmental approvals, fluctuations
in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply
chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19
pandemic), and other business and operational risks and other factors, including mining accidents. For
a discussion of such risk factors, refer to AGA’s annual report on Form 20-F for the year ended
December 31, 2020, which has been filed with the United States Securities and Exchange Commission
(the “SEC”), as well as the preliminary prospectus supplement dated October 18, 2021, which has also
been filed with the SEC. These factors are not necessarily all of the important factors that could cause
AGA’s actual results to differ materially from those expressed in any forward-looking statements. Other
unknown or unpredictable factors could also have material adverse effects on future results.
Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AGA
undertakes no obligation to update publicly or release any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated
events, except to the extent required by applicable law. All subsequent written or oral forward-looking
statements attributable to AGA or any person acting on its behalf are qualified by the cautionary
statements herein.




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Date: 27-10-2021 08:20:00
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