Payment of Demerger Dividend by Anglo American plc and allotment of ordinary shares by Mondi plc and share consolidation of Angl
02 July, 2007
Anglo American plc (“Anglo American”) and the Mondi Group (“Mondi”) announce that the following events have now occurred in connection with the demerger of Mondi from Anglo American (the “Demerger”) and establishment of Mondi as a dual-listed company structure, comprising Mondi Limited (“MLTD”), a South African incorporated company holding Mondi's African assets, and Mondi plc (“MPLC”), a UK incorporated company holding Mondi's non-African assets:
- at 12.30 a.m. on 2 July 2007 Anglo American paid a dividend in specie (the “Demerger Dividend”) which resulted in the Mondi business being transferred to MPLC and MPLC allotting and issuing ordinary shares (“MPLC Ordinary Shares”) to holders of existing Anglo American ordinary shares of US$0.50 each (“Anglo American Ordinary Shares”) at the record time (12.01 a.m. on 2 July 2007 (the “Record Time”)) for the Demerger on a pro rata basis of one MPLC Ordinary Share for every Anglo American Ordinary Share held.
It is expected that at 8.00 a.m. London time (9.00 a.m. South African time) the following will occur:
- the proposed consolidation of Anglo American Ordinary Shares (the “Anglo American Share Consolidation”) described in the circular to holders of Anglo American Ordinary Shares dated 1 June 2007 (the “Circular”) and the prospectus for the Mondi Group dated 1 June 2007 (the “Prospectus”) and admission to the Official List of the UKLA and to trading on the London Stock Exchange and the JSE of the new ordinary shares in Anglo American arising from the Anglo American Share Consolidation will become effective with the result that for every 100 existing Anglo American Ordinary Shares held at the Record Time, shareholders will receive 91 new Anglo American ordinary shares of 5486/91 US cents each (the “New Anglo American Ordinary Shares”).
- conditional dealings in MPLC Ordinary Shares on the London Stock Exchange and the JSE will commence and conditional dealings in ordinary shares in MLTD (“MLTD Ordinary Shares”) on the JSE will commence.