The Boards of AngloGold Ashanti Plc and Centamin Plc have announced that they have reached agreement on the terms of a recommended cash and shares offer pursuant to which AngloGold will acquire the entire issued and to be issued ordinary share capital of Centamin. It is intended that the acquisition will be implemented by way of a Scheme of Arrangement, subject to a Sanction Hearing to be held on 20th November 2024.
The terms of the scheme are as follows: –
For each Centamin share held – 0.06983 AngloGold Ashanti shares and USD0.125 in cash
Please note that AngloGold is listed on the New York Stock Exchange. Any income received from a U.S. company is subject to a withholding tax of 30%. In order to qualify for the US-UK treaty tax rate of 15% withholding tax, shareholders are required to complete an Investor Self Declaration (ISD), which can be found on our website at www.pilling.co.uk/investor-self-declaration-form/
Alternatively, shareholders can complete a W8 form, which can be provided on request. Shareholders have already completed an ISD or W8 Form will automatically receive the reduced tax rate on U.S. income.
Subject to the Scheme becoming effective the cash and shares will be credited to client accounts on or around 9th December 2024.
If you require any further information, you may contact us either by letter, telephone or email as detailed below quoting ‘Centamin’ in the subject box.
Corporate Action Administration
Direct Line – 0161-819-4850 | Email: caisa@pilling.co.uk