AngloGold Ashanti Scheme of Arrangement Becomes Effective
Ticker: AU · Form: 6-K · Filed: Nov 22, 2024 · CIK: 1973832
Sentiment: neutral
Topics: corporate-action, scheme-of-arrangement, legal-update
TL;DR
AngloGold Ashanti's scheme of arrangement is now official, effective Nov 22, 2024.
AI Summary
AngloGold Ashanti plc announced on November 22, 2024, that its scheme of arrangement has become effective. This follows the court's sanction of the arrangement on November 19, 2024, and the filing of the court order with the Registrar of Companies on November 21, 2024. The company previously announced its intention to implement this scheme on April 14, 2023.
Why It Matters
The effectiveness of the scheme of arrangement marks a significant step in AngloGold Ashanti's corporate restructuring, potentially impacting its share structure and future operations.
Risk Assessment
Risk Level: low — This filing is an update on a previously announced corporate action and does not introduce new financial risks.
Key Players & Entities
- AngloGold Ashanti plc (company) — Registrant
- November 22, 2024 (date) — Effective date of scheme
- November 19, 2024 (date) — Court sanction date
- November 21, 2024 (date) — Filing date with Registrar of Companies
- April 14, 2023 (date) — Date of initial announcement of scheme intention
FAQ
What is the primary purpose of this 6-K filing?
The primary purpose is to announce that AngloGold Ashanti plc's scheme of arrangement has become effective.
When did the scheme of arrangement officially become effective?
The scheme of arrangement became effective on November 22, 2024.
What was the date of the court's sanction for the scheme of arrangement?
The court sanctioned the scheme of arrangement on November 19, 2024.
When was the court order filed with the Registrar of Companies?
The court order was filed with the Registrar of Companies on November 21, 2024.
When did AngloGold Ashanti first announce its intention to implement this scheme of arrangement?
AngloGold Ashanti first announced its intention to implement this scheme of arrangement on April 14, 2023.
Filing Stats: 4,578 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-11-22 06:03:00
Key Financial Figures
- $0.125 — ber 2024, will be entitled to receive US$0.125 in cash and 0.06983 New AngloGold Ashan
Filing Documents
- schemeofarrangementbecomes.htm (6-K) — 81KB
- 0001628280-24-048914.txt ( ) — 82KB
From the Filing
Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2024 Commission File Number 001-41815 AngloGold Ashanti plc (Translation of registrant's name into English) 4 th Floor, Communications House, South Street Staines-upon-Thames, Surrey TW18 4PR United Kingdom 6363 S. Fiddlers Green Circle, Suite 1000 Greenwood Village, CO 80111 United States of America (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Enclosure Scheme of Arrangement Becomes Effective NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION FOR IMMEDIATE RELEASE 22 November 2024 RECOMMENDED ACQUISITION OF CENTAMIN PLC BY ANGLOGOLD ASHANTI PLC Scheme of Arrangement Becomes Effective The boards of Centamin plc (" Centamin ") and AngloGold Ashanti plc (" AngloGold Ashanti ") are pleased to announce that, following the delivery of a copy of the Court Order to the Registrar of Companies today for registration, the scheme of arrangement between Centamin and the Scheme Shareholders under Article 125 of the Jersey Companies Law (the " Scheme ") to implement the recommended cash and share acquisition of the entire issued and to be issued share capital of Centamin by AngloGold Ashanti (the " Transaction ") has now become Effective and, pursuant to the Scheme, the entire issued and to be issued share capital of Centamin is now owned by AngloGold Ashanti. Full details of the Transaction are set out in the scheme document published on 30 September 2024 (the " Scheme Document "). Unless otherwise defined, all capitalised terms in this announcement have the meaning given to them in the Scheme Document. All references to times are to London, UK, times unless otherwise stated. Cancellation of Listing and Trading Applications have been made for the suspension of trading of the Centamin Shares on the London Stock Exchange's Main Market for listed securities to take effect by 7.30 a.m. on 22 November 2024 and for the cancellation of the listing of the Centamin Shares on the Official List to take effect by 8.00 a.m. on 25 November 2024. Centamin has received conditional approval from the Toronto Stock Exchange for the delisting of the Centamin Shares from the Toronto Stock Exchange, to take effect at 4.30 p.m. (Toronto time) on 25 November 2024. Further announcements will be made when appropriate. Settlement of Consideration A Scheme Shareholder on the register of members of Centamin at the Scheme Record Time, being 10.00 p.m. (London time) on 21 November 2024, will be entitled to receive US$0.125 in cash and 0.06983 New AngloGold Ashanti Shares for each Centamin Share held. Settlement of the consideration to which any Scheme Shareholder is entitled will be effected as set out in the Scheme Document. Enquiries Centamin Michael Stoner, Head of Corporate investorcentaminplc.com FTI Consulting (public relations advisor to Centamin) +44 20 3727 1000 centaminfticonsulting.com Ben Brewerton Sara Powell Nick Hennis Bofa Securities (Financial Adviser to Centamin) +44 (0)20 7628 1000 Ben Davies Geoff Iles George Close-Brooks Abhi Khabra Sid Rishi BMO Capital Markets (Joint Financial Adviser to Centamin) +44 (0)20 7236 1010 Gary Mattan Tom Rider Pascal Lussier-Duquette Nick Macann AngloGold Ashanti Media enquiries mediaanglogoldashanti.com Andrea Maxey +61 08 9435 4603 +61 400 072 199 Stewart Bailey +27 81 032 2563 Investor enquiries yrchowtheeanglogoldashanti.com amaxeyanglogoldashanti.com Yatish Chowthee +27 11 637 6273 +27 78 364 2080 Andrea Maxey +61 08 9435 4603 +61 400 072 199 Stewart Bailey +27 81 032 2563 FGS Global (public relations adviser to AngloGold Ashanti) +44 20 7251 3801 Faeth Birch James Murgatroyd Sarah Roberts Gordon Dyal Co (lead financial adviser to AngloGold Ashanti) +1 212 321 4010 Gordon Dyal Stefan Grimbacher Matt Strain Goldman Sachs International Limited (financial adviser to AngloGold Ashanti) +44 (0) 20 7774 1000 Nimesh Khiroya David Hammond Charles Tongue Warren Stables Further information Norton Rose Fulbright LLP is acting as legal adviser to Centamin in connection with the Transaction. Slaughter and May is acting as legal adviser to AngloGold Ashanti in connection with the Transaction. This announcement is for information purposes only and is not intended to and does not constitute, or form part of, any offer or invitation, or the solicitation of any offer or invitation, to purchase, otherwise acquire, subscribe for, sell or otherwi