11th Apr 2006 10:17
Anglo American PLC11 April 2006 News Release 11 April 2006 The offering for AngloGold Ashanti ordinary shares by Anglo South Africa Capitalamounts to 16,328,313 million shares, not 13,328,313 million as previouslyannounced. Anglo American plc Announces Offering of Ordinary Shares of AngloGold Ashanti Anglo American plc today announces that the offering of 16,328,313 AngloGoldAshanti ordinary shares ("ordinary shares") by its subsidiary, Anglo SouthAfrica Capital (Proprietary) Limited ("ASAC"), and the offering by AngloGoldAshanti Limited ("AngloGold Ashanti") of 9,970,732 ordinary shares, in eachcase, in the form of ordinary shares or AngloGold Ashanti American DepositaryShares ("ADSs"), (collectively "the combined offering"), has been priced atUS$51.25 per ADS. The combined offering is scheduled to close on 20 April, 2006.To the extent that the combined offering has been oversold, ASAC has granted theunderwriters an option to purchase up to an additional 3,944,857 ordinaryshares. The underwriters have 30 days after the closing of the combined offeringto exercise this option. The net proceeds to Anglo American from this offering,assuming full exercise of the underwriters' option to purchase additionalordinary shares, are expected to be approximately US$1 billion. After the completion of the offering, and depending upon the exercise by theunderwriters of their option, Anglo American's holding in AngloGold Ashanti willbe between 41.7% and 43.1%. The combined offering was led by Goldman, Sachs & Co. and UBS Investment Bank asjoint global coordinators and joint bookrunners for the combined offering. BMONesbitt Burns and J.P. Morgan Securities acted as co-managers. A final prospectus supplement for the combined offering will be filed with theU.S. Securities and Exchange Commission as soon as possible. Copies of the finalprospectus supplement and prospectus may be obtained from the offices ofGoldman, Sachs & Co., 85 Broad Street, New York, New York 10004, telephone:1-866-471-2526 and from UBS Securities LLC, 1285 Avenue of the Americas, NewYork, New York 10019-6028, telephone: 1-888-827-7275. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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