Mr. Edwin Shadeo reports
TECK PROVIDES INFORMATION RELATED TO THE ANGLO SPECIAL DIVIDEND AND THE MERGER
Teck Resources Ltd. has provided the following information in connection with its proposed merger of equals with Anglo American PLC.
Teck and Anglo American have agreed that the period between fulfilment (or waiver as applicable) of the remaining non-effective date conditions precedent to the merger, as described in the arrangement agreement dated Sept. 9, 2025, between the parties and Teck's circular dated Nov. 3, 2025, and the completion of the merger, will be 11 trading days, and the effective time of the merger is expected to be 10 p.m. Vancouver time on the 11th trading day.
Pursuant to the terms of the arrangement agreement, it is a condition precedent to the completion of the merger that Anglo American declare a special dividend on its ordinary shares in the amount of approximately $4.5-billion (U.S.). Under the terms of the arrangement agreement, the Anglo special dividend is to be paid within 30 days of the effective date of the merger. Teck and Anglo American have instead agreed that the Anglo special dividend is to be paid within 45 days of the effective date.
About Teck Resources Ltd.
Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. It is focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.
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