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AngloGold Ashanti PLC has wrapped up its acquisition of the operator of Sukari gold mine Centamin PLC, the two companies said. In a joint statement, the two companies said the Jersey Court has sanctioned the deal that was first announced in September. Centamin shares were suspended on the London Stock Exchange on Friday, and its delisting will take effect on Monday next week. Centamin has received conditional approval from the Toronto Stock Exchange for the delisting of the its shares in Toronto on Monday next week. Shareholders of Centamin received 0.06983 of a new AngloGold share and $0.125 in cash for each Centamin share. AngloGold shareholders now owns 83.6%, and Centamin shareholders 16.4% of the merged company. Centamin shareholders are also entitled to receive Centamin’s interim dividend of $0.0225 per share. Centamin operates the Sukari gold mine in Egypt, while AngloGold mines in Brazil, Democratic Republic of Congo, and Tanzania. The addition of the Sukari mine increases AngloGold’s annual gold production by 450,000 ounces, so its total would have been over 3 million ounces in 2023. Shares in AngloGold were up 6.9% to R 475.98 on Friday afternoon in Johannesburg. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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