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Highlights:
The scheme of arrangement between Centamin plc and AngloGold Ashanti has become effective, with AngloGold Ashanti now owning Centamin's entire issued share capital.
Centamin’s shares will be delisted from the London Stock Exchange and the Toronto Stock Exchange following the completion of the transaction.
Scheme shareholders will receive a combination of cash and new shares in AngloGold Ashanti as settlement.
The boards of Centamin plc (LSE:CEY) and AngloGold Ashanti plc have confirmed that the scheme of arrangement to facilitate the acquisition of Centamin by AngloGold Ashanti has now become effective. The completion follows the delivery of the Court Order to the Registrar of Companies for registration, marking the final step in the process. Under the terms of the scheme, AngloGold Ashanti now owns the entire issued and to be issued share capital of Centamin, consolidating the transaction.
As part of the process, trading in Centamin’s shares on the London Stock Exchange will be suspended at 7:30 a.m. on 22 November 2024, and the listing of Centamin’s shares on the Official List will be cancelled at 8:00 a.m. on 25 November 2024. Additionally, Centamin's shares will be delisted from the Toronto Stock Exchange at 4:30 p.m. (Toronto time) on 25 November 2024. This follows the completion of the cash and share acquisition as outlined in the scheme document published on 30 September 2024.
Under the scheme, shareholders registered at the Scheme Record Time (10:00 p.m. on 21 November 2024) will receive a combination of cash and new shares in AngloGold Ashanti. Specifically, for each Centamin share held, shareholders will be entitled to receive cash and AngloGold Ashanti shares as detailed in the Scheme Document. The settlement of the consideration will be carried out as described in the scheme.
Further updates and announcements will be issued as necessary, providing additional information regarding the completion and the next steps in the integration of the two companies.
