Johannesburg, 26 September 2023 – Following the announcement of its corporate restructuring, AngloGold Ashanti (AGA) will retain a secondary listing on the Johannesburg Stock Exchange (JSE) having listed on the bourse in August 1944. The primary listing will move to the New York Stock Exchange (NYSE) and the company will be domiciled in the United Kingdom.
AGA is an independent, global gold mining company with a diverse portfolio of operations, projects, and exploration activities across nine countries on four continents. While gold is its principal product, the Group also produces silver and sulfuric acid as by-products.
Valdene Reddy, Director: Capital Markets at the JSE says the bourse is pleased to continue its work with AGA and confirmed its approval of the secondary inward listing.
“We welcome AGA’s reorganisation, and hope that it will enhance the Group’s strategic position. While the primary listing is moving to New York, a secondary inward listing on the JSE bears testament to AGA’s confidence in the South African capital markets which complement its global strategy,” says Reddy.
The new share listing falls under the Gold Mining sector of the JSE’s Main Board under the abbreviated name ANGGOLD (share code ANG).
Alberto Calderon, CEO AngloGold Ashanti, said South Africa remained an important capital market and source of liquidity for AngloGold Ashanti.
“We are aligning our corporate structure with the corporate realities of our business and the evolution of our existing portfolio, which no longer includes any assets in South Africa. South Africa will remain a critically important part of our business, servicing our global portfolio and in particular our mines in Africa, which account for more than half of our gold production.”
Calderon added that South African shareholders account for more than 40% of the company’s share register and they will retain an unaltered ability to buy or sell AngloGold Ashanti shares on the JSE.
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