Business
Anglo American shareholders approve merger
Anglo American shareholders have approved the merger of equals with Teck Resources, with the ordinary resolution for the allotment of new shares passing with 99.17% in favour and the special resolution for the company name change passing with 99.98% in favour. This significant step will form the Anglo Teck group, described as a global critical minerals champion headquartered in Canada, offering over 70% exposure to copper. The merger remains subject to Teck shareholder approval and customary conditions, including regulatory approvals. Disclaimer*
About this update from Anglo American Plc
[{"type":"text","content":"\n\n\n\n\n\n9 December 2025\n\n\n\n\nAnglo American shareholders approve merger of equals with Teck\n\n\n\n\n\n\n\n\n\nAnglo American plc (\"Anglo American\") announces that both resolutions proposed in connection with the implementation of the merger of equals of Anglo American and Teck Resources Limited (\"Teck\") to form the Anglo Teck group (the \"Merger\") have been duly passed by the requisite majorities at the general meeting held on 9 December 2025 (the \"General Meeting\").\n \nDuncan Wanblad, CEO of Anglo American said: \"We are delighted with the clear endorsement from our shareholders to take this next strategic step to unlock outstanding value as Anglo Teck. Together, we will form a global critical minerals champion, headquartered in Canada, and offering more than 70% exposure to copper, underpinned by a world-class portfolio of assets with exceptional growth optionality.\"\n \nFull details of the ordinary resolution and the special resolution are contained in the notice of general meeting and circular to shareholders dated 10 November 2025 (the \"Circular\").\n \nGeneral Meeting\nThe voting on the ordinary resolution and the special resolution was taken on a poll. As announced on 8 December 2025, resolution 2 to amend the Anglo American Long-Term Incentive Plan Awards was withdrawn from the agenda of the General Meeting. The results were as follows:\n \n\n\n\n\nResolution\n\n\nFor\n \n\n\n% of Votes Cast\n\n\nAgainst\n\n\n% of Votes Cast\n\n\nVotes cast as % of Issued Share Capital\n\n\nVotes Withheld\n\n\n\n\nOrdinary Resolutions\n\n\n\n\n1. Allotment of new Shares in connection with the Merger\n\n\n739,920,029\n\n\n99.17%\n\n\n6,187,391\n\n\n0.83%\n\n\n63.33%\n\n\n4,468,093\n\n\n\n\n2. Resolution withdrawn\n\n\n\n\nSpecial Resolution\n\n\n\n\n3. Change of company name with effect from completion of the Merger\n\n\n750,360,076\n\n\n99.98%\n\n\n184,186\n\n\n0.02%\n\n\n63.71%\n\n\n31,251\n\n\n\n\n \nImplementation of Merger\nThe Merger is also subject to approval by the Teck Shareholders at a special meeting being held at 19:00 (UK time) on 9 December 2025. The report of voting results of the special meeting of Teck Shareholders will be available under Teck's issuer profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.\n \nShould Teck Shareholders approve the Merger, Ang...