Anglogold Ashanti Completes Corporate Restructuring With Primary NYSE Listing

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Anglogold Ashanti Completes Corporate Restructuring With Primary NYSE Listing
Credit: © Reuters.

AngloGold Ashanti (JO: ANGJ ), the multinational gold mining company, announced the completion of its corporate restructuring on Monday. The company has moved its primary listing to the New York Stock Exchange (NYSE) from the Johannesburg Stock Exchange, maintaining the ticker symbol AU. The restructuring plan, first introduced on May 12 and approved by shareholders on August 18 this year, also includes a new corporate domicile in the UK.

The CEO of AngloGold Ashanti, Alberto Calderon, commented on the move stating it offers improved access to the world's largest capital market and positions the company alongside the industry's highest-valued gold firms. Calderon emphasized that this restructuring signifies a significant new era for AngloGold Ashanti as it continues to enhance performance from its world-class asset base.

The company's ordinary shares commenced trading on the NYSE today. Trading in the AngloGold Ashanti Limited American Depositary Shares (ADSs) on the NYSE ceased at the market close last Friday and the ADS program has now been terminated.

Despite these changes, AngloGold Ashanti has shown commitment to its secondary listings. It continues to maintain listings on the Johannesburg Stock Exchange (JSE) and A2X Markets in South Africa, and Ghana Stock Exchange (GhSE) in Ghana. The company's ordinary shares began trading on JSE and A2X last Wednesday under the ticker symbol ANG. It is set to commence trading of ordinary shares and Ghanaian Depositary Shares on GhSE under ticker symbols AGA and AAD respectively tomorrow.

In addition to these changes, AngloGold Ashanti has relocated its headquarters to Denver, Colorado while retaining a substantial corporate office in Johannesburg. The newly restructured entity is incorporated in England and Wales with registration number 14654651.

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