22nd Feb 2006 07:02
Anglo American PLC22 February 2006 PART 3 ANGLO AMERICAN plc (Incorporated in England and Wales - Registered number 3564138) (the 'Company') Notice of Recommended (including Special) Final Dividend (Dividend No 14) The directors have recommended that a dividend on the Company's ordinary share capital in respect of the yearended 31 December 2005 will, subject to approval by shareholders at the Annual General Meeting to be held onTuesday 25 April 2006, be paid as follows: Amount (United States currency) 95 cents per ordinary share (notes 1 and 2) Last day to effect removal of shares between the UK and SA registers Wednesday 22 February 2006 Currency conversion US$: Rand rate determined Thursday 23 February 2006 Last day to trade on the JSE Limited ('JSE') to qualify for the Friday 3 March 2006dividend Ex-dividend on the JSE from the commencement of trading on Monday 6 March 2006 Ex-dividend on the London Stock Exchange from the commencement of Wednesday 8 March 2006trading on Record date (applicable to both the United Kingdom principal register Friday 10 March 2006and South African branch register) Currency conversion US$: £/• rates determined Monday 13 March 2006 Removal of shares between the UK and SA registers permissible from Monday 13 March 2006 Last day for receipt of Dividend Reinvestment Plan ('DRIP') MandateForms by Central Securities Depository Participants ('CSDPs') (notes4 and 5) Tuesday 4 April 2006 Last day for receipt of DRIP Mandate Forms by the UK Registrars orthe South African Transfer Secretaries (notes 4 and 5) Thursday 6 April 2006 Dividend warrants posted Tuesday 2 May 2006 Payment date of dividend Wednesday 3 May 2006 Notes: 1. This amount includes a special dividend of 33 cents per ordinary share. 2. Shareholders on the United Kingdom register of members with an address in the United Kingdom will bepaid in pounds sterling and those with an address in a country in the European Union which has adopted theeuro, will be paid in euros. Such shareholders may, however, elect to be paid their dividends in US dollarsprovided the UK Registrar receives such election by Friday 10 March 2006. Shareholders with an addresselsewhere will be paid in US dollars except those registered on the South African branch register who will bepaid in South African rand. The currency conversion rates and the amounts per share in South African rand andin pounds sterling/euros will be announced on Thursday 23 February and Monday 13 March 2006 respectively. 3. Dematerialisation and rematerialisation of registered share certificates in South Africa will not beeffected by CSDPs during the period from Monday 6 March 2006 to Friday 10 March 2006 (both days inclusive). 4. Those shareholders who already participate in the DRIP need not complete a DRIP mandate form for eachdividend as such forms provide an on-going authority to participate in the DRIP until cancelled in writing.Shareholders who wish to participate in the DRIP should obtain a mandate form from the UK Registrars, theSouth African Transfer Secretaries or, in the case of those who hold their shares through the STRATE system,their CSDP. 5. In terms of the DRIP, and subject to the purchase of shares in the open market, share certificates/Crest notifications are expected to be mailed and CSDP investor accounts credited/updated on Wednesday 17 May2006. 6. Copies of the terms and conditions of the DRIP are available from the UK Registrars or the SouthAfrican Transfer Secretaries. By order of the Board N JordanSecretary21 February 2006 Registered office UK Registrars South African Transfer Secretaries20 Carlton House Terrace Lloyds TSB Registrars Ultra Registrars (Proprietary) LimitedLondon The Causeway 11 Diagonal StreetSW1Y 5AN Worthing Johannesburg 2001England West Sussex PO Box 4844, Johannesburg 2000 BN99 6DA South Africa England Appendix 1 Reconciliation of Headline Earnings to Underlying Earnings In previous reporting periods the Group has reported headline earnings as itsprimary earnings measure, using the definition of headline earnings which isrequired to be disclosed by the Johannesburg Stock Exchange ('JSE Ltd'),consistent with that given by the Institute of Investment Management andResearch ('IIMR'). Following the adoption of International Financial Reporting Standards, as wellas consideration of other restrictions of the definition, the Group believesthat an alternative measure would provide a clearer picture of the underlyingperformance of the Group. Consequently, the Group has adopted 'Underlying Earnings' as its principalmeasure of earnings. Underlying earnings is net profit attributable to equityshareholders, adjusted for the effect of special items and remeasurements, andany related tax and minority interests. Special items are those items offinancial performance which the Group believes should be excluded fromperformance earnings, and principally relate to impairment and significantclosure costs, exceptional legal provisions and profit or loss on disposals.Remeasurements include unrealised gains and losses on derivative instrumentsthat are recorded in the income statement, and foreign exchange gains and losseson US$ denominated De Beers preference shares held by a Rand functionalsubsidiary of the Group. The table below reconciles profit attributable to shareholders to headlineearnings and underlying earnings. Year Year 6 months 6 months ended ended ended ended 31 Dec 2005 31 Dec 2004 30 June 2005 30 June 2004 (1) (1) Profit attributable to shareholders 3,521 3,501 1,838 2,226Operating special items (income)/expense 186 (25) 55 -Special items: (profit)/loss on sale of operations (87) (1,015) 1 (1,005)Related tax 12 38 (28) 32Related minority interest (35) 2 (14) (3)Share of associates' special items (81) 71 (68) (2)Headline earnings(2) 3,516 2,572 1,784 1,248Unrealised losses on non-hedge derivatives 315 - 28 -Fair value changes on the option component of theAngloGold Ashanti convertible bond 32 - (32) -Foreign exchange on De Beers' preference shares (72) 112 (91) 49De Beers' special legal provision 113 - - -Related tax (21) - 6 -Related minority interest (147) 4 -Underlying earnings 3,736 2,684 1,699 1,297 (1) IAS 39 was not effective in 2004 and therefore did not result in anygains/losses on non-hedge derivatives or fair value changes on the AngloGoldAshanti convertible bond. (2) Headline EPS is shown in note 7 to the financial information. For information underlying earnings by business segment for 6 months to 30 June2005 is given below. Underlying Earnings by Business Segment to 30 June 2005 6 months 6 months ended ended 30 June 2005 30 June 2004 $m $mPlatinum 256 137Gold 69 67Diamonds 188 218Coal 263 148Base Metals 525 434Industrial Minerals 140 120Ferrous Metals and Industries 413 208Paper and Packaging 133 223Exploration (50) (42)Corporate Activities (238) (216) 1,699 1,297 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Anglo American