HomeBusiness and policyCourt approves arrangement to implement demerger of Thungela

Court approves arrangement to implement demerger of Thungela

Further to Anglo American’s announcements and circular to shareholders dated 8 April 2021, Anglo American has announced the High Court of Justice in England and Wales sanctioned the scheme of arrangement and confirmed the reduction of share premium required to effect the Demerger pursuant to the UK Companies Act 2006.

RELATED:
Anglo wraps up Thungela coal deal
Proposed demerger of South Africa thermal coal operations approved

In accordance with the disclosure requirements of the Johannesburg Stock Exchange, this announcement constitutes the finalisation announcement for JSE purposes. South African securities transfer tax and capital gains tax may be applicable in connection with the Demerger and shareholders.

LATEST FEATURES