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AngloGold Ashanti Limited announces the launch of an offering of US$575,000,000 (subject to increase by up to US$85,000,000 pursuant to an option) convertible bonds due 2014 by its subsidiary, AngloGold Ashanti Holdings Finance plc, unconditionally and irrevocably guaranteed by AngloGold Ashanti Limited
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| Monday, May 18, 2009 |
AngloGold Ashanti Limited (“AngloGold Ashanti”) today announced the launch of an offering of US$575,000,000 (subject to increase by up to US$85,000,000 pursuant to an option) convertible bonds due 2014 (the “Bonds”) by its wholly-owned subsidiary, AngloGold Ashanti Holdings Finance plc (the “Issuer”). The Bonds will be unconditionally and irrevocably guaranteed by AngloGold Ashanti Limited.
The Bonds will be convertible into American Depositary Shares (“ADSs”) of AngloGold Ashanti. Each ADS currently represents one ordinary share of AngloGold Ashanti. The final terms of the Bonds are expected to be announced after the pricing has been determined. Once the final terms of the Bonds have been finalised, AngloGold Ashanti shareholders will be requested to grant specific authority for the directors to issue ordinary shares pursuant to the conversion rights which will attach to the Bonds.
The proceeds from the offering of the Bonds will be used to refinance AngloGold Ashanti’s debt facilities and for general corporate purposes.
The Bonds will be offered and sold to non-US persons outside the United States in reliance upon Regulation S under the US Securities Act of 1933, as amended (the “Securities Act”), and will be offered and sold in the United States to qualified institutional buyers in reliance on Rule 144A under the Securities Act.
Approval-in-principle has been received for the listing of the Bonds on the Singapore Exchange Securities Trading Limited.
This announcement is not an offer of securities for sale in the United States. Securities may not be sold in the United States unless they are registered or are exempt from registration. Neither AngloGold Ashanti Holdings Finance plc nor AngloGold Ashanti Limited has registered or intends to register any portion of this offering in the United States or to conduct a public offering in the United States.
STABILIZATION/FSA
This announcement is directed only at persons (i) who are outside the United Kingdom or (ii) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (iii) who fall within Article 49(2)(a) to (d) of the Order or (iv) to whom this announcement may otherwise be directed without contravention of section 21 of the Financial Services and Markets Act 2000 (all such persons together being referred to as “Relevant Persons”). This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this Announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
| Queries |
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Tel: |
Mobile |
E-mail: |
| Joanne Jones (Media) |
+27 (0) 11 637 6813 |
+27 (0) 82 896 0306 |
jjones@anglogoldashanti.com |
| Stewart Bailey (Investor Relations) |
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+1 646 717 3978 |
sbailey@anglogoldashanti.com |
Disclaimer
Certain statements made in this communication contain certain forward-looking statements regarding AngloGold Ashanti. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in gold prices and exchange rates, and business and operational risk management. For a discussion of such factors, refer to AngloGold Ashanti's annual report for the year ended 31 December 2008, which was distributed to shareholders on 27 March 2009 and the company’s annual report on Form 20-F, filed with the Securities and Exchange Commission in the United States on May 5, 2009 and amended on May 6, 2009. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today’s date or to reflect the occurrence of unanticipated events. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein. | |
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