AngloGold Jersey share register open after UK termination
JOHANNESBURG (miningweekly.com) – Holders of ordinary AngloGold Ashanti shares on the Jersey register will be able to trade their shares on the other exchanges where the gold-mining major is listed for 12 months.
The shares of the gold-mining major have ceased trading on the main market of the London Stock Exchange following its decision not to split and list its international mines in a separate UK-listed entity.
The UK depositary interest programme of the company, headed by CEO Srinivasan Venkatakrishnan (Venkat), will terminate on October 15.
Any depositary interests held on the company’s UK depositary interest register on that termination date will be replaced with the equivalent number of fully paid ordinary shares for entry into the company’s Jersey register, which will remain open for 12 months thereafter.
Jersey shareholders will likely dematerialise their holdings on the Johannesburg and New York stock exchanges, which remain the most liquid exchanges for the company’s stock, or remain on the Jersey register and be migrated to the JSE on the date of closure.
AngloGold shares also trade in Ghana and Australia.
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