AngloGold Ashanti executes securities sale post delisting from Australian Securities Exchange
AngloGold Ashanti Limited has officially notified stakeholders, in accordance with JSE Listings Requirement 3.63, of an executive director’s recent securities transaction within the company.
This action was undertaken following due clearance.
Delisting from Australian Securities Exchange (ASX) Prompts Securities Activity
In a significant corporate development, AngloGold Ashanti disclosed its intention to voluntarily delist from the Australian Securities Exchange (ASX) on May 12, 2023. Subsequently, trading in the company’s CHESS Depositary Interests (CDIs) was halted as of June 23, 2023, with the company’s removal from the ASX official list taking effect on June 27, 2023.
Consequently, holders of CDIs, who did not redirect their underlying ordinary shares to an alternate exchange, were afforded the option to divest their CDI holdings. This exit pathway included a voluntary period open until September 1, 2023, or participation in the Compulsory Sale Process.
Compulsory Sale Process Timeline
The Compulsory Sale Process, initiated on September 4, 2023, and concluding on September 15, 2023, marked the method by which affected CDI holders could exit their holdings. The securities dealings outlined in this official release are directly linked to this compulsory sale mechanism.
AngloGold Ashanti continues to navigate this transitional phase, ensuring adherence to regulatory requirements and facilitating a smooth transition for stakeholders.
