News Column

AngloGold Ashanti To Delist From London Stock Exchange

August 18, 2014

Rowena Harris-Doughty



LONDON (Alliance News) - AngloGold Ashanti Ltd Monday said that it has decided to delist from the London Stock Exchange, due to the lack of liquidity on the LSE and the minimum number of

securities held in the UK.


AngloGold said it will also terminate it UK depositary interest programme.


In a statement after the market close Monday, the gold miner said the vast majority of trading of the company's stock takes place through the Johannesburg Stock Exchange and New York

Stock Exchange. The company also has further listings on the Ghana Stock Exchange and Australian Securities Exchange.


"AngloGold wishes to streamline its administrative procedures and reduce costs arising from listings on multiple stock exchanges," the company said.


AngloGold said that as the volume of trading on the securities on the LSE is low, it will delist, and continue to have its shares traded on the JSE, the NYSE, the GhSE and the ASX.


"AngloGold believes the impact on its shareholders of delisting from the LSE will be minimal. During the past five years, for similar reasons, the company has also cancelled its respective listings in Brussels and Paris," the company added.


The company said the delisting and termination of the depositary interest programme will take place on September 22.


AngloGold shares closed 3.1% higher in London Monday at 1,031.31 pence.







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Source: Alliance News


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