Van Eck Acquires 12.07% Stake in Harmony Gold

TL;DR

Van Eck now owns over 12% of Harmony Gold after a new purchase.

AI Summary

Harmony Gold Mining Company Limited announced on March 19, 2024, that Van Eck Associate Corporation has acquired a beneficial interest in the company's ordinary shares, bringing their total holding to 12.07% of the issued shares. This notification was made in accordance with South African Companies Act regulations and JSE Limited Listings Requirements.

Why It Matters

This significant stake acquisition by Van Eck Associate Corporation could signal increased investor confidence or potential future strategic moves impacting Harmony Gold's share price and market position.

Risk Assessment

Risk Level: medium — Acquisitions of significant stakes can lead to increased volatility and potential shifts in company control or strategy.

Key Numbers

• 12.07% — Van Eck's Stake (Total beneficial interest in Harmony Gold's ordinary shares)

Key Players & Entities

• Harmony Gold Mining Company Limited (company) — Company making the announcement
• Van Eck Associate Corporation (company) — Acquirer of beneficial interest
• 12.07% (dollar_amount) — Total interest acquired by Van Eck
• March 19, 2024 (date) — Date of the announcement

FAQ

Filing Documents

• sens-notificationofanacqui.htm (6-K) — 6KB
• 0001628280-24-011827.txt ( ) — 7KB

From the Filing

Document Harmony Gold Mining Company Limited Registration number 195003823206 Incorporated in the Republic of South Africa ISIN ZAE000015228 JSE share code HAR ("Harmony" or "the Company") Notification of an acquisition of beneficial interest in securities Johannesburg, Tuesday, 19 March 2024. In accordance with section 122(3)(b) of the Companies Act 71 of 2008 ("the Act"), Regulation 121(2)(b) of the Companies Act Regulations, 2011 ("the Regulations") and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Harmony has received formal notification that Van Eck Associate Corporation has, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares in the Company held by Van Eck Associate Corporation now amounts to 12.07% of the total issued shares of the Company. Harmony has, as required by section 122(3)(a) of the Act filed the required notice with the Takeover Regulation Panel. The board of directors of Harmony accept responsibility for the information contained in this announcement, having received the TRP121.1 form from Van Eck Associate Corporation, and to the best of their knowledge believe the information contained in this announcement is accordingly true. Ends. For more details contact Jared Coetzer Head Investor Relations +27 (0) 82 746 4120 Johannesburg, South Africa 19 March 2024 Sponsor J.P. Morgan Equities South Africa Proprietary Limited

View Full Filing

View this 6-K filing on SEC EDGAR