4th Sep 2012 07:00
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 THAT JURISDICTION
4th September 2012
African Barrick Gold plc (the "Company" or "ABG") Update on Barrick Gold Corporation ("Barrick") preliminary discussions with China National Gold Group Corporation ("China Gold")
On 16 August 2012, Barrick announced that it was in preliminary discussions with China Gold with respect to its 73.9% shareholding in ABG.
The Board of Directors of ABG has formed a Transaction Committee, made up of three independent non-executive directors (Michael Kenyon, Derek Pannell and David Hodgson) and has appointed J.P. Morgan Cazenove and RBC Capital Markets as financial advisers in order to ensure that ABG is appropriately prepared and that the interests of all shareholders are represented should this situation progress.
There can be no certainty that any offer for ABG will be forthcoming.
ENQUIRIES
For further information contact:
African Barrick Gold +44 20 7129 7150
Andrew Wray, Head of Corporate Development & IR
Giles Blackham, Investor Relations Manager
J. P. Morgan Cazenove +44 20 7742 4000 Barry Weir / Ben DaviesRBC Capital Markets +44 20 7653 4000
Jonathan Stephens / Martin Eales
RLM Finsbury +44 20 7251 3801
Charles Chichester
J.P. Morgan Limited (which conducts its UK investment banking business as J.P. Morgan Cazenove) and RBC Capital Markets, who are both authorised and regulated in the United Kingdom by the Financial Services Authority, are acting for the Company and no one else in connection with the potential offer for ABG and this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients nor for providing advice in connection with the potential offer or any matter referred to herein.
A copy of this announcement will be published on our website www.africanbarrickgold.com during the course of the offer period.
PINXRelated Shares:
ACA.L