Anglo American PLC Cash Proceeds of Fractional Entitlements (2144B)
June 08 2021 - 10:00AM
UK Regulatory
TIDMAAL
RNS Number : 2144B
Anglo American PLC
08 June 2021
Anglo American plc ("Anglo American")
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 03564138 (incorporated in England and
Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
Cash proceeds of fractional entitlements resulting from
demerger of Thungela and apportionment of tax cost
Anglo American plc ("Anglo American") announces the cash settled
entitlements to be received by shareholders in respect of
fractional entitlements resulting from the demerger of Thungela
Resources Limited ("Thungela").
Shareholders are referred to the circular published by Anglo
American on 8 April 2021 (the "Circular") relating to the demerger
and the announcement published by Anglo American on 7 June 2021
regarding the completion of the demerger and the listing of the
ordinary shares of Thungela on the Johannesburg Stock Exchange and
the London Stock Exchange.
As set out in the Circular, shareholders would have received one
Thungela share ("Thungela Share") for every ten Anglo American
shares held. If the number of Anglo American shares held is not
divisible by ten, an entitlement to a fraction of a Thungela Share
would have arisen.
No entitlements to a fraction of a Thungela Share shall be
transferred to an Anglo American shareholder (nor to anyone on
behalf of an Anglo American shareholder). The aggregated number of
Thungela Shares to which Anglo American shareholders are entitled
will first be rounded down to the nearest whole number of Thungela
Shares, resulting in allocations of whole numbers of Thungela
Shares. The aggregated excess fractions of Thungela Shares to which
such Anglo American shareholders would otherwise be entitled will
not be transferred to them but will instead be sold in the market,
and the relevant Anglo American shareholder will be entitled to
receive a cash payment in respect of the fraction of a Thungela
Share to which they otherwise would have been entitled.
In this regard, Anglo American shareholders are advised that the
price used to determine the cash payment due them in respect of
fractional entitlements is R20.86351. This amount has been
determined with reference to the volume weighted average price in
Rand of the Thungela Shares traded on the Johannesburg Stock
Exchange on 7 June 2021, less 10% of such volume weighted average
price. For Anglo American shareholders on the Anglo American UK
register, the reference price will be converted into Sterling using
the Rand : Sterling spot rate given on the Bank of England website
for 7 June 2021. Anglo American shareholders are further advised
that the closing price of the Thungela Shares traded on the
Johannesburg Stock Exchange on 7 June 2021 was R21.90.
Tax considerations regarding the demerger
For the South African tax consequences that arise regarding the
receipt of Thungela shares, and the information necessary for
shareholders' compliance with the South African Income Tax Act,
1962, shareholders are referred to the letter regarding base cost
for South African resident shareholders which is available at
www.angloamerican.com/products/thermal-coal/demerger.
For the United Kingdom tax consequences that arise regarding the
receipt of Thungela shares, shareholders are referred to the letter
regarding base cost for United Kingdom resident shareholders which
is available at
www.angloamerican.com/products/thermal-coal/demerger.
Ellie Klonarides
Deputy Company Secretary
Anglo American plc
8 June 2021
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END
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