12th Aug 2009 13:19
TONGAAT HULETT: ANGLO AMERICAN PLC SHAREHOLDING IN TONGAAT HULETT
Tongaat Hulett Limited
Registration number (1892/000610/06)
Share code: TON
ISIN ZAE000096541
TONGAAT HULETT: ANGLO AMERICAN PLC SHAREHOLDING IN TONGAAT HULETT
Tongaat Hulett shareholders are referred to the announcement made today by Anglo American plc in respect of a bookbuild process (involving Tongaat Hulett ordinary shares and exchangeable bonds issued by Anglo American) to dispose of the shares it owns in Tongaat Hulett to institutional investors.
Peter Staude, CEO of Tongaat Hulett, says "This is an opportunity to increase the liquidity of Tongaat Hulett's listed equity and enhance the extent and spread of local and foreign shareholders. This transaction by Anglo American should remove the uncertainty that has existed in respect of its shareholding in Tongaat Hulett and enable increased investment by emerging market fund managers, who were previously constrained by the limited liquidity."
The Anglo American announcement is available on the Stock Exchange News Service (SENS) on the JSE and the Regulatory News Service (RNS) on the LSE.
12 August 2009
Tongaat
Sponsor
INVESTEC BANK LIMITED
Related Shares:
Anglo American