Anglovaal Mining Ld
12 March 2002
ANGLOVAAL MINING LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE Share code: AIN ISIN: ZAE000017141
('Avmin')
Introduction of strategic shareholder
The board of Avmin has been informed that, subject to appropriate regulatory
approvals, Arctic Resources Limited ('Arctic') has disposed of 34,9% of the
issued share capital of Avmin, at R41 per share to Anglo American plc ('Anglo
American').
The disposal by Arctic of a material portion of its holding in Avmin represents
the elimination of the historical control structure of this South African
company.
In this regard shareholders are referred to the press release by Anglo American
appearing on the Securities Exchange News Service.
The board of Avmin welcomes the supportive statements that have been made by
Anglo American regarding co-operation with Avmin. The board of Avmin looks
forward to working together with Anglo American to ensure that these expressions
of support can be harnessed to the maximum advantage of all Avmin's
stakeholders.
Avmin believes that the company's ability to meet new challenges and
opportunities will be enhanced by the presence of Anglo American, a leading
resource industry player.
Johannesburg
12 March 2002
Sponsor to Avmin
Deutsche Securities
Member of the Deutsche Bank Group
Deutsche Securities (SA) (Proprietary) Limited
(Registration number 1995/011798/07)
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.