BRIEF-Anglo American Announces Demerger Of South Africa Thermal Coal Operations

PUBLISHED: Thu, 08 Apr 2021 06:12:49 GMT
Share

April 8 (Reuters) – Anglo American PLC:

* ANGLO AMERICAN PLC – DEMERGER OF SOUTH AFRICA THERMAL COAL OPERATIONS

* ANGLO AMERICAN – ANNOUNCES DEMERGER OF ITS THERMAL COAL OPERATIONS IN SOUTH AFRICA, SUBJECT TO APPROVAL OF ANGLO AMERICAN’S SHAREHOLDERS ON 5 MAY 2021.

* ANGLO AMERICAN – SEPARATION WILL BE IMPLEMENTED THROUGH TRANSFER OF ANGLO AMERICAN’S THERMAL COAL OPERATIONS IN SOUTH AFRICA TO A NEW HOLDING CO

* ANGLO AMERICAN – SEPARATION WILL BE IMPLEMENTED VIA DEMERGER OF THUNGELA SHARES TO CO’S SHAREHOLDERS & PRIMARY LISTING OF THUNGELA’S SHARES ON JSE

* ANGLO AMERICAN – IN ORDER FOR PROPOSED DEMERGER TO BE IMPLEMENTED, ANGLO AMERICAN SHAREHOLDER APPROVAL WILL BE SOUGHT

* ANGLO AMERICAN – IF IT IS APPROVED, IT IS EXPECTED THAT DEMERGER WOULD BE EFFECTIVE ON 4 JUNE 2021 Source text for Eikon: Further company coverage:

(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.