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NEWS RELEASE - ACCEPTANCE OF ANGLOGOLD OFFER PASSES THE 50% MARK

Release Date: 15/12/1999 07:01
Code(s): ANG
Wrap Text
15 DECEMBER 1999

ANGLOGOLD, THE WORLD'S BIGGEST GOLD PRODUCER, ANNOUNCED TODAY THAT ACCEPTANCES OF ITS OFFER FOR ALL THE SHARES OF ACACIA RESOURCES LIMITED TOTALLED 58.2% AT THE CLOSE OF BUSINESS YESTERDAY.
THE UNCONDITIONAL OFFER OF 3.5 ANGLOGOLD SHARES FOR EACH 100 ACACIA SHARES, PUTS FREELY TRADABLE ANGLOGOLD SHARES INTO THE HANDS OF INVESTORS. ANGLOGOLD NOW HAS A TRADING PRESENCE ON THE JOHANNESBURG, NEW YORK, LONDON PARIS AND BRUSSELS STOCK EXCHANGES IN ADDITION TO THE AUSTRALIAN LISTING.
CEO BOBBY GODSELL SAID YESTERDAY: "THE SUCCESS OF THE OFFER TO DATE IS VERY ENCOURAGING. IT SHOWS THAT SHAREHOLDERS SEE THE VALUE OF HOLDING STOCK IN A GLOBAL GOLD COMPANY REPRESENTED IN ALL THREE MAJOR GOLD TRADING TIME ZONES. "WE ARE DELIGHTED WITH THE PROGRESS OF THE OFFER AND THE CONFIRMATION OF OUR OPERATING PRESENCE IN AUSTRALIA. WE CONTINUE TO BELIEVE THAT HOLDING ANGLOGOLD SHARES OFFERS ACACIA SHAREHOLDERS REAL VALUE AND ENCOURAGE SHAREHOLDERS TO ACCEPT THE OFFER."
ANGLOGOLD HAS ESTABLISHED AN OFFER HOTLINE TELEPHONE 1-800-083-131. SHOULD ANY ACACIA SHAREHOLDERS NOT HAVE RECEIVED THEIR OFFER DOCUMENT, THEY SHOULD CALL THIS NUMBER URGENTLY. SHAREHOLDERS SHOULD RECEIVE THEIR SHARES WITHIN THREE DAYS OF RECEIPT OF ACCEPTANCE OF THE OFFER. THE OFFER CLOSES ON 17 DECEMBER 1999 (UNLESS EXTENDED). ENDS WWW.ANGLOGOLD.COM QUERIES : SHELAGH BLACKMAN (+27 11) 637 6379 (W) (+27) 83 308 2471 (M) STEVE LENAHAN (+1 917) 368 8075 (W) (+1 732) 740 1568 (M) CHARLES CARTER (+1 800) 417 9255 (TOLL-FREE) (+1 303) 888 7412 (M) BRIAN MAHONEY (+61 2) 9235 1666 (W) (+61 0413) 437 627 (M) CORPORATE COMMUNICATIONS DEPARTMENT 1ST FLOOR, 11 DIAGONAL STREET JOHANNESBURG 2001 TELEPHONE : (+27 11) 637-6379 FAX : (+27 11) 637-6399/6400 SB/CCD/AGO112.99