02:16:26 EDT Sat 23 Aug 2025
Enter Symbol
or Name
USA
CA



Centamin PLC
Symbol CEE
Shares Issued 1,181,416,975
Close 2024-11-19 C$ 2.58
Market Cap C$ 3,048,055,796
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Centamin receives court sanction for AngloGold deal

2024-11-20 15:21 ET - News Release

Mr. Michael Stoner reports

CENTAMIN PLC ANNOUNCES COURT SANCTION OF SCHEME OF ARRANGEMENT

The Jersey Court has sanctioned the scheme of arrangement between Centamin PLC and the scheme shareholders under Article 125 of the Jersey Companies Law to implement the recommended cash and share acquisition of the entire issued and to-be-issued share capital of Centamin by AngloGold Ashanti PLC.

The transaction is subject to the terms and conditions set out in the scheme document relating to the transaction published on Sept. 30, 2024, and was approved by Centamin shareholders at the shareholder meetings on Oct. 28, 2024.

All references to times are to London, United Kingdom, times, unless otherwise stated.

Next steps

The scheme remains conditional on and will become effective upon the delivery of a copy of the court order to the Registrar of Companies for registration, which is expected to occur on Nov. 22, 2024.

Centamin confirms that the last day of dealings in Centamin shares on: (i) the Main Market of the London Stock Exchange will be Nov. 21, 2024; and (ii) the Toronto Stock Exchange will be Nov. 20, 2024, such that no transfers of Centamin shares will be registered after 6 p.m. London time and 4 p.m. Toronto time, as applicable, on the respective dates (other than the registration of the transfer of the Centamin shares to AngloGold Ashanti pursuant to the scheme). Following this, all of the Centamin shares will be suspended from the official list and from trading on the London Stock Exchange's Main Market for listed securities and from trading on the TSX, and Centamin shares will be disabled in CREST and CDS. The scheme record time will be 10 p.m. London time on Nov. 21, 2024.

Centamin has made an application for the suspension of trading of the Centamin shares on the London Stock Exchange's Main Market for listed securities to take effect by 7:30 a.m. on Nov. 22, 2024, and for the cancellation of the listing of the Centamin shares on the official list to take effect by 8 a.m. on Nov. 25, 2024 (and subject to the scheme becoming effective). Centamin has received conditional approval from the TSX for the delisting of the Centamin shares from the TSX, to take effect at 4:30 p.m. Toronto time on Nov. 25, 2024.

The expected timetable of principal events for the transaction remains as set out in the announcement by Centamin on Oct. 28, 2024. If any change to the key dates and/or times set out in the timetable is made, Centamin will give notice of this change by issuing an announcement through a regulatory information service, with such announcement being made available on Centamin's website.

Further announcements will be made when appropriate.

Full details of the transaction are set out in the scheme document.

Further information

Norton Rose Fulbright LLP is acting as legal adviser to Centamin in connection with the transaction. Slaughter and May is acting as legal adviser to AngloGold Ashanti in connection with the transaction.

We seek Safe Harbor.

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