Business
Results bookbuild offering of shares in Valterra
Anglo American PLC announced the results of its accelerated bookbuild offering of shares in Valterra Platinum Limited on September 4, 2025. Various entities controlled by Anglo American sold approximately 52.2 million ordinary shares of Valterra Platinum at a price of ZAR845 per share. This sale represents the entirety of the approximate 19.9% interest retained after the demerger of Valterra Platinum at the end of May 2025. The placing generated cash proceeds of ZAR44.1 billion, which is equivalent to approximately USD2.5 billion. Settlement of the placing shares is expected around September 9, 2025, on the Johannesburg Stock Exchange. Valterra Platinum will not receive any proceeds from this placing. Disclaimer*
About this update from Anglo American Plc
[{"type":"text","content":"\n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAWS AND REGULATIONS.\n \nTHE SHARES TO WHICH THIS ANNOUNCEMENT RELATES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 (THE \"SECURITIES ACT\"), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL NOT BE A PUBLIC OFFERING OF SUCH SHARES IN THE UNITED STATES OR IN ANY OTHER JURISDICTION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nONLY FOR DISTRIBUTION IN AUSTRALIA TO PERSONS WHO ARE \"SOPHISTICATED INVESTORS\" OR \"PROFESSIONAL INVESTORS\" AS DEFINED IN SECTIONS 708(8) OR 708(11) OF THE AUSTRALIAN CORPORATIONS ACT 2001 (CTH) (CORPORATIONS ACT) AND \"WHOLESALE CLIENTS\" AS DEFINED IN CHAPTER 7 OF THE CORPORATIONS ACT.\n \nNOT A SOLICITATION OF ANY PERSON IN CANADA EXCEPT ACCREDITED INVESTORS AND PERMITTED CLIENTS IN ALBERTA, BRITISH COLUMBIA, ONTARIO AND QUEBEC ONLY.\n \n \n\n\n\n\n4 September 2025\n\n\n\n\nResults of Anglo American's accelerated bookbuild offering of shares in Valterra Platinum Limited\n\n\n\n\n\n\n\n\n\nFurther to the announcement released by Anglo American plc (\"Anglo American\") on 3 September 2025 regarding the launch of an accelerated bookbuild offering (the \"Placing\"), various entities controlled by Anglo American (the \"Selling Entities\") have sold c.52.2m ordinary shares of Valterra Platinum Limited (previously named Anglo American Platinum Limited) (\"Valterra Platinum\") (the \"Placing Shares\") at a price of ZAR845 per share. This represents the sale of the entire c.19.9% interest that was retained following the demerger of Valterra Platinum at the end of May 2025.\n \nThe Placing raised cash proceeds of ZAR44.1 billion (approximately USD2.5 billion). Valterra Platinum is not a party to the Placing and will not receive any proceeds.\n \nSettlement of the Placing Shares is expected to occur on or about 9 September 2025 (on a T+3 basis) on the Johannesburg Stock Exchange.\n \n \nMerrill Lynch International and The Standard Bank of South Africa Limited acted as joint global coordinators (tog...