Coronation Asset Management acquires beneficial interest in AngloGold securities

In compliance with  Section  122(3)(b)  of the  Companies  Act,  2008  (Act  71  of  2008),  as amended (“Companies Act”)  and paragraph 3.83(b)  of the  Listings  Requirements of the JSE  Limited (“JSE”),  AngloGold Ashanti has advised its shareholders that it has received notification in terms of section  122(1)  of the  Companies  Act that Coronation  Asset  Management  (Pty)  Limited  (“Coronation”),  on behalf of its clients,  has acquired a  beneficial interest in the securities of the  Company,  such that the total interest in the ordinary shares of the  Company held by  Coronation amounts to 5,24%  (previously held  4,98%  of the total number of securities in issue).

As required in terms of section  122(3)  (a)  of the  Companies  Act,  AngloGold  Ashanti said in a statement that it has filed the required notice with the Takeover  Regulation  Panel  (“TRP”).

AngloGold Ashanti is the third-largest gold producer globally and the largest on the African continent, producing 3.047Moz and employing an average of 36,952 people (including contractors) in 2020

The company describes itself as a responsible gold miner and, in partnerships with host communities and governments, “we aim to create value for all our stakeholders over the long-term”.

It is listed on the Johannesburg, New York, Australia and Ghana stock exchanges

The miner has a geographically diverse shareholder base that includes the world’s largest financial institutions.

AngloGold Ashanti’s market capitalisation as of 31 December 2020 stands at $9.4 billion.

It is included in the JSE Top 40 Index, the S&P Global CSA, the FTSE/JSE Responsible Investment Index Series (the FTSE4Good Index), the Responsible Mining Index and the Bloomberg 2021 Gender-Equality Index.

Source: classfmonline.com

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