AngloGold Ashanti Completes Corporate Restructuring, Moves Primary Listing to NYSE

AngloGold Ashanti plc (AGA), a leading global gold mining company, has successfully completed a corporate restructuring, resulting in a change of its primary listing from the Johannesburg Stock Exchange (JSE) to the New York Stock Exchange (NYSE). The company has also established its corporate domicile in the United Kingdom, with its group headquarters now located in Denver.

Despite the changes, AGA will retain secondary listings on the JSE and the Ghana Stock Exchange (GSE), ensuring continued access to investors in South Africa and Ghana. This strategic move is expected to enhance the company’s global visibility and attract a broader investor base.

As part of the restructuring process, AGA has incurred tax payments in South Africa and Australia, amounting to approximately $286 million. The company, which boasts a robust balance sheet and strong liquidity, will fund these tax payments from internal sources. The final US dollar amounts of tax payments in South Africa may vary based on foreign exchange rates at the time of payment in rands.

AGA has also provided an update on its reporting obligations. As a foreign private issuer (FPI) in the United States, the company is now filing annual reports on Form 20-F and current reports on Form 6-K with the United States Securities and Exchange Commission (SEC). However, AGA plans to voluntarily file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K with the SEC starting from the second quarter of 2024.

In terms of future reporting, AGA will file its annual report for 2023 on Form 20-F and provide production information for each mine and major project updates in its reports for the third quarter of 2023 and the first quarter of 2024. The company expects to release detailed financial and operating information for the full year 2023 in February 2024.

AngloGold Ashanti advises caution when considering forward-looking statements, emphasizing that they are based on current expectations and involve risks and uncertainties. Factors such as changes in economic, social, and political conditions, fluctuations in gold prices and exchange rates, and other operational risks may cause actual results to differ materially from the anticipated outcomes.

With its successful corporate restructuring and primary listing on the NYSE, AngloGold Ashanti is well-positioned to continue its global growth and deliver value to its shareholders.