LONDON, UK: Anglo American plc has introduced the sale of the group’s remaining 8.0% shareholding in Thungela Resources Limited through an accelerated book construct placing to a variety of main monetary institutions, realising gross proceeds of R1,672 million (approximately US$115 million).
The Thungela shares were positioned at a price of R154 per share, representing a 12% low cost to the closing share price on 24 March 2022 and a 4% low cost to the closing share price on 23 March 2022.
At the time of the demerger of Thungela to Anglo American’s shareholders, which accomplished in June 2021, Anglo American stated its intention to dispose of its remaining curiosity in Thungela over time and in a accountable manner, topic to market conditions and never inside the primary six months following the demerger.
Following the finish of that six month interval in December 2021 and the finish of Thungela’s closed interval following the announcement of its 2021 outcomes on 22 March 2022, Anglo American launched and accomplished the sale of its remaining shares and no longer holds any shares in Thungela.
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