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AngloGold - Implementation And Results Of The Odd-Lot Offer Sub-Division Of

Release Date: 24/12/2002 07:43
Code(s): ANG
Wrap Text

AngloGold - Implementation And Results Of The Odd-Lot Offer Sub-Division Of Ordinary Shares ANGLOGOLD LIMITED (Registration number 1944/017354/06) (Incorporated in the Republic of South Africa) ("AngloGold") ISIN: ZAE000014601 JSE Share Code: ANG IMPLEMENTATION AND RESULTS OF THE ODD-LOT OFFER SUB-DIVISION OF ORDINARY SHARES 1. IMPLEMENTATION OF THE ODD-LOT OFFER Shareholders are advised that the odd-lot offer to holders of less than 50 ordinary shares ("odd-lot holdings") which closed at 16:00 on Friday, 20 December 2002, has been duly implemented. 2. RESULTS OF THE ODD-LOT OFFER The total number of ordinary shares required by shareholders who elected to purchase sufficient additional shares to increase their odd-lot holdings to holdings of 50 ordinary shares exceeded the total number of shares made available by those shareholders who elected to sell their odd-lot holdings and by those who failed to make an election. Accordingly, AngloGold has issued an additional 139,098 ordinary shares. In summary, the odd-lot offer resulted in: Number of Number of Value of shareholders ordinary ordinary shares
shares Holders electing/ 11,213 108,669 R53,608,591.08 deemed to have elected to sell ordinary shares at R493.32 per share (offer price) Holders electing 4,643 247,767 R116,116,004.55 to purchase ordinary shares at R468.65 per share (a 5% discount to offer price). Total ordinary 139,098 R62,507,413.47 shares issued by AngloGold 3. ODD-LOT HOLDERS WHO HOLD CERTIFICATED ORDINARY SHARES In respect of the sale of odd-lot holdings, cheques will be sent by post or first class mail (United Kingdom) at the risk of such odd-lot holders, and electronic funds transfers will be effected from Monday, 23 December 2002, against surrender of the existing documents of title to the Share Registrars in South Africa or the United Kingdom. In respect of odd-lot holders who elected to purchase additional ordinary shares, new share certificates will be posted by registered post or first class mail (United Kingdom), or be available for collection from Monday, 6 January 2003, against surrender of existing documents of title to the Share Registrars in South Africa or the United Kingdom. 4. ODD-LOT HOLDERS WHO HOLD DEMATERIALISED ORDINARY SHARES Holders of dematerialised ordinary shares who elected to sell their odd-lot holdings, will have their accounts held at their Central Securities Depositary Participants or brokers credited with the proceeds from the sale on Monday, 23 December 2002. Holders of dematerialised ordinary shares who elected to purchase additional shares or elected to sell/deemed to have sold their odd-lot holdings, will have their safe custody accounts held at their Central Securities Depositary Participants or brokers updated on Monday, 23 December 2002. 5. SUB-DIVISION OF ORDINARY SHARES Following the sub-division of each AngloGold ordinary share of 50 cents into two AngloGold ordinary shares of 25 cents each, with the last day to trade prior to the sub-division being Tuesday, 24 December 2002, the sub-divided ordinary shares of 25 cents each will be traded from Friday, 27 December 2002. The record date for the sub-division of ordinary shares is therefore Friday, 3 January 2003. Shareholders who hold certificated ordinary shares will be issued new share certificates, which will be posted by registered post or first class mail (United Kingdom), or be available for collection from Monday, 6 January 2003, against surrender of existing documents of title to the Share Registrars in South Africa or the United Kingdom. Holders of dematerialised ordinary shares will have their safe custody accounts held at their Central Securities Depositary Participants or brokers updated on Monday, 6 January 2003. Johannesburg 23 December 2002 JSE Sponsor Legal advisers Australia South Africa UBS Warburg Freehills Tabacks United States of America and United Kingdom
Shearman & Sterling Note: AngloGold has not registered and will not register under the U.S. Securities Act any AngloGold shares offered and sold under the odd-lot offer. Therefore, these AngloGold shares may not be offered or sold in the United States or to U.S. persons, unless they are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Odd-lot shareholders who participated in the odd-lot offer are reminded of the representations and agreements that they have made by participating in the odd-lot offer. These representations and agreements are set forth in the circular to shareholders dated 11 November 2002 and the accompanying form of election. Date: 24/12/2002 07:43:00 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department