Anglo American Platinum – Notice of disposal and acquisition of beneficial interests in the securities of the Company in terms of Section 122 of the Companies Act
14 February, 2025
Shareholders are referred to the announcements published by (i) Anglo American plc ("Anglo American") on 14 May 2024 regarding its plan to unlock significant value inherent in its portfolio through, amongst other things, the demerger of its stake in the Company in a responsible and orderly manner to optimise value for both the shareholders of Anglo American and Anglo American Platinum (the "Anglo American Platinum Demerger"); and (ii) Anglo American Platinum on 2 September 2024 regarding the internal re-organisation undertaken by certain Anglo American subsidiaries in South Africa in preparation for the Anglo American Platinum Demerger (the "September Internal Re-organisation").
Following the September Internal Re-organisation, and as part of progressing towards implementation of the Anglo American Platinum Demerger, the Company has been informed by Anglo American that certain Anglo American subsidiaries have undertaken a further internal re-organisation. The resulting changes are administrative in nature and have no impact on Anglo American's beneficial interest in the Company.
In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 (the "Companies Act"), and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are therefore advised of the following changes:
- Anglo American South Africa Proprietary Limited ("AASA"), a wholly-owned subsidiary of Anglo American, has notified the Company that it has disposed of its entire 66.7% beneficial interest in the securities of the Company to Anglo American International Limited ("AAI"), which is also a wholly owned subsidiary of Anglo American, such that it now holds 0% of the issued ordinary shares in the Company (the "AASA Disposal"); and
- AAI has notified the Company that, pursuant to the AASA Disposal, it has acquired that same beneficial interest in securities of the Company, such that it now holds 66.7% of the issued ordinary shares in the Company.
As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notices with the Takeover Regulation Panel.
RESPONSIBILITY STATEMENT
The board of directors of the Company (the “Board”), individually and collectively, accepts responsibility for the accuracy of the information contained in this announcement which relates to the Company. To the best of the Board’s knowledge and belief, the information contained in this announcement is true and nothing has been omitted which is likely to affect the importance of such information.
Sponsor:
Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities