|
|
22 August 2019 |
Anglo American appoints Goldman Sachs in connection with its previously announced $1bn share buyback programme |
|
Further to the announcement on 25 July 2019 in respect of the commencement of a share buyback programme of up to $1 billion, Anglo American plc ("Anglo American") announces that it has now entered into an agreement with Goldman Sachs International ("Goldman Sachs") in connection with the on-market irrevocable and non-discretionary share buy-back programme (the "Programme").
Anglo American gave irrevocable and non-discretionary instructions to Goldman Sachs on 22 August 2019 in relation to the second tranche of $505 million of the Programme. Goldman Sachs will act as principal and will purchase shares on the Johannesburg Stock Exchange and UK trading venues[1] in line with the proportion of Anglo American's shareholder register in South Africa and the United Kingdom, and will make its trading decisions concerning the timing of the purchases of Anglo American's ordinary shares independently of Anglo American. The purchased shares will be cancelled.
For further information, please contact:
Notes to editors:
Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive mining operations and undeveloped resources provides the metals and minerals that enable a cleaner, more electrified world and that meet the fast growing consumer-driven demands of the world's developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and mine, process, move and market our products to our customers around the world - safely, responsibly and sustainably.
As a responsible miner - of diamonds (through De Beers), copper, platinum group metals, iron ore, coal and nickel - we are the custodians of what are precious natural resources. We work together with our business partners and diverse stakeholders to unlock the sustainable value that those resources represent for our shareholders, the communities and countries in which we operate, and for society as a whole. Anglo American is re-imagining mining to improve people's lives.
www.angloamerican.com
Legal Entity Identifier: 549300S9XF92D1X8ME43
