Released: 12/08/2009
com:20090812:RnsL3324X
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RNS Number : 3324X
Tongaat Hulett Limited
12 August 2009
TONGAAT HULETT: ANGLO AMERICAN PLC SHAREHOLDING IN TONGAAT HULETT
Tongaat Hulett Limited
Registration number (1892/000610/06)
Share code: TON
ISIN ZAE000096541
TONGAAT HULETT: ANGLO AMERICAN PLC SHAREHOLDING IN TONGAAT HULETT
Tongaat Hulett shareholders are referred to the announcement made today by Anglo
American plc in respect of a bookbuild process (involving Tongaat Hulett
ordinary shares and exchangeable bonds issued by Anglo American) to dispose of
the shares it owns in Tongaat Hulett to institutional investors.
Peter Staude, CEO of Tongaat Hulett, says "This is an opportunity to increase
the liquidity of Tongaat Hulett's listed equity and enhance the extent and
spread of local and foreign shareholders. This transaction by Anglo American
should remove the uncertainty that has existed in respect of its shareholding in
Tongaat Hulett and enable increased investment by emerging market fund managers,
who were previously constrained by the limited liquidity."
The Anglo American announcement is available on the Stock Exchange News Service
(SENS) on the JSE and the Regulatory News Service (RNS) on the LSE.
12 August 2009
Tongaat
Sponsor
INVESTEC BANK LIMITED
This information is provided by RNS
The company news service from the London Stock Exchange
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