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AngloGold Ashanti to move primary listing, corporate domicile out of SA | Business

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A primary listing in the US is expected to create enhanced access to capital, while a corporate domicile in the UK makes use of a 'well-proven, low-risk and attractive jurisdiction'. | News24_Business

ArchiveMarking its further divestment from the country in which it was founded, AngloGold Ashanti has announced a plan to shift its corporate domicile and primary listing away from South Africa.

But it will hold secondary listings on the Johannesburg Stock Exchange and A2X Markets in South Africa and on the Ghana Stock Exchange. "This is a logical progression for AngloGold Ashanti, which is well aligned with the evolution of the business in recent years and will assist in unlocking value in a way that’s minimally disruptive for our stakeholders," said Maria Ramos, AngloGold Ashanti’s Chairperson.

"The broader investment appeal and regulatory environment is expected to enhance strategic and financing flexibility," the group said.Alberto Calderon, AngloGold Ashanti’s CEO said:"We have been working on a number of fronts to unlock the significant potential that lies within – and beyond – our portfolio.

 

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