Statement regarding possible offer for Anglo American by BHP
25 April, 2024
The Board of Anglo American Platinum notes the announcement made on 24 April 2024 by Anglo American plc (“Anglo American”) regarding the receipt by Anglo American of a non-binding proposal from BHP Group Limited (“BHP”). A copy of the announcement by Anglo American can be accessed on the Anglo American website at: https://www.angloamerican.com/investors/regulatory-news.
The Board notes the proposal by BHP comprises an all-share offer for Anglo American, that would be preceded by separate demergers by Anglo American of its entire shareholdings in Kumba Iron Ore Limited and Anglo American Platinum to Anglo American shareholders. The two parts of the proposal would be inter-conditional.
We note that the Board of Anglo American is currently reviewing the proposal with its advisors. Further announcements may be made as and when appropriate.
We note that there can be no certainty that any offer will be made by BHP for Anglo American nor as to the terms on which any such offer might be made, including the condition to demerge Anglo American Platinum.
Sponsor:
Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities