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AngloGold Ashanti plc Provides Corporate Restructuring Update
AngloGold Ashanti plc
(Incorporated in England and Wales)
Registration number: 14654651
LEI No.: 2138005YDSA7A82RNU96
ISIN: GB00BRXH2664
CUSIP: G0378L100
NYSE Share code: AU
JSE Share code: ANG
(“AngloGold Ashanti”)
AngloGold Ashanti plc Provides Corporate Restructuring Update
(PRESS RELEASE) – AngloGold Ashanti plc (“AGA”) has completed a corporate restructuring
resulting in a corporate domicile in the United Kingdom, and a change of its primary listing from
the Johannesburg Stock Exchange (“JSE”) to the New York Stock Exchange (“NYSE”). The
company, which now has its group headquarters in Denver, retains secondary listings on the JSE
and the Ghana Stock Exchange (“GSE”).
Transaction Payment Update
As disclosed in its initial announcement of the restructuring, on 12 May of this year, the
restructuring attracted various tax payments in South Africa and Australia. These tax payments
have now been determined at about $286m, following the successful conclusion of the corporate
restructuring transaction. The detailed breakdown of the estimated total amount is provided
below.
AGA has a robust balance sheet, with strong liquidity, low leverage and no near-term maturities,
and will fund the tax payments from internal sources.
The tax amounts, calculated based on market prices on 22 September of this year at a closing
share price of $18.15, shares in issue of 419,685,792, and a closing market capitalisation on the
NYSE of $7.6bn, are listed below. Please note that final US dollar amounts of tax payments in
South Africa may vary based on foreign exchange rates at the time payment is made in rands.
In South Africa:
• Dividend Withholding Tax: R4.18bn or $221m (payable on or about 31 October)
• Securities Transfer Tax: R351m or $19m (payable on or about 13 October)
In Australia
• Estimated Landholder Duties: $46m (payable in Q1 2024)
Reporting Update
AGA qualifies as a foreign private issuer (“FPI”) in the United States for purposes of the Securities
Exchange Act of 1934, as amended ( the “Exchange Act”) and is filing annual reports on Form
20-F and current reports on Form 6-K with the United States Securities and Exchange
Commission (“SEC”).
AGA plans to voluntarily file annual reports on Form 10-K, quarterly reports on Form 10-Q and
current reports on Form 8-K with the SEC instead of filing on the reporting forms available to FPIs
starting with the 10-Q filing for the second quarter of 2024.
Prior to voluntarily filing on forms that are available to U.S. domestic issuers, AGA will file its
annual report for 2023 on Form 20-F and will only provide production information for each mine
and major project updates in its reports for the third quarter of 2023 and the first quarter of 2024.
We expect to release full year results for 2023 with detailed financial and operating information in
February 2024.
ENDS
9 October 2023
Denver
JSE Sponsor: The Standard Bank of South Africa Limited
CONTACTS
Media
Andrea Maxey +61 08 9435 4603/ +61 400 072 199 amaxey@anglogoldashanti.com
General inquiries media@anglogoldashanti.com
Investors
Andrea Maxey +61 08 9435 4603/ +61 400 072 199 amaxey@anglogoldashanti.com
Yatish Chowthee +27 11 637 6273 / +27 78 364 2080 yrchowthee@anglogoldashanti.com
Website: www.anglogoldashanti.com
Forward-looking statements
Certain statements contained in this document, other than statements of historical fact, are forward-looking statements regarding AngloGold Ashanti
plc’s (“AngloGold Ashanti”) financial reports, operations, economic performance and financial condition. These forward-looking statements are not based
on historical facts, but rather reflect our current expectations concerning future events and generally may be identified by the use of forward-looking
words or phrases such as “believe”, “aim”, “expect”, “anticipate”, “intend”, “foresee”, “forecast”, “likely”, “should”, “planning”, “could”, “may”, “would”,
“estimated”, “potential” or other similar words and phrases. Similarly, statements that describe our objectives, plans or goals are or may be forward-
looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause AngloGold
Ashanti’s actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements
expressed or implied in these forward-looking statements. Although AngloGold Ashanti 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, political and market
conditions, including related to inflation or international conflicts, 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 challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold
Ashanti Limited’s annual report on Form 20-F for the year ended 31 December 2022 filed with the United States Securities and Exchange Commission
(“SEC”) and AngloGold Ashanti’s registration statement on Form F-4 initially filed with the SEC on 23 June 2023. These factors are not necessarily all of
the important factors that could cause AngloGold Ashanti’s actual results or actions to differ materially from those expressed in any forward-looking
statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti’s future results or actions.
Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti 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
AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.
Date: 09-10-2023 03:13:00
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