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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Allied Gold | LSE:AGLD | London | Ordinary Share | AU000000ALD4 | ORD SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 34.125 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS No 5182T WESTERN DEEP LEVELS LIMITED ANGLO AMERICAN GOLD INVESTMENT COMPANY LIMITED 5th June 1998 ANGLOGOLD LIMITED(Incorporated in the Republic of South Africa)Registration number 05/17354/06("Anglogold")and EAST RAND GOLD AND URANIUM COMPANY LIMITED (Incorporated in the Republic of South Africa)Registration number 71/07001/06("Ergo") EASTVAAL GOLD HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 91/04409/06 ("Eastvaal") ELANDSRAND GOLD MINING COMPANY LIMITED (Incorporated in the Republic of South Africa) Registration number 74/01477/06 ("Elandsrand") FREE STATE CONSOLIDATED GOLD MINES LIMITED (Incorporated in the Republic of South Africa) Registration number 05/28210/06 ("Freegold") SOUTHVAAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 66/11806/06 ("Southvaal") WESTERN DEEP LEVELS LIMITED(Incorporated in the Republic of South Africa)Registration number 57/02349/06("Western Deeps") (collectively "the Participating Companies")and ANGLO AMERICAN GOLD INVESTMENT COMPANY LIMITED(Incorporated in the Republic of South Africa)Registration number 05/09084/06("Amgold") RESULTS OF GENERAL MEETINGS AND SCHEME MEETINGS 1. Approval of resolutions relating to the formation of the enlarged Anglogold 2. Approval of transactions in terms of which ANGLOGOLD ACQUIRES CERTAIN GOLD INTERESTS OF AMGOLD 3. APPROVAL BY MEMBERS OF THE PARTICIPATING COMPANIES OF THE ACQUISITION BY ANGLOGOLD OF THE PARTICIPATING COMPANIES BY WAY OF SCHEMES OF ARRANGEMENT IN TERMS OF SECTION 311 OF THE COMPANIES ACT ("THE SCHEMES") 1. At the general meeting of members of Anglogold held on 4 June 1998 the resolutions, which relate to the formation of the enlarged Anglogold and which were set out in the notice of general meeting dated 6 May 1998, were passed by the requisite majority of members in terms of the requirements of the Companies Act 1973, as amended and of the Johannesburg Stock Exchange Listings Requirements, as applicable. The resolutions relate to: - the acquisition by Anglogold of the entire issued share capitals of each of the Participating Companies, the gold mineral rights and share interests and the cession and assignment to Anglogold of the Service Agreements as defined in the Circular posted to members on 6 May 1998; - the adoption of the "Anglogold Limited Share Incentive Scheme"; - the increase in the remuneration of directors; - the issue, to Anglo American Corporation of South Africa Limited (AAC), of ordinary shares in Anglogold as consideration for the cession and assignment to Anglogold of the Service Agreement between Anglogold and AAC; and - the reduction of Anglogold's share capital, subject to confirmation by the High Court of South Africa, by cancelling that portion of the share premium account which is equal to the goodwill attributable to the acquisitions by Anglogold of the various assets referred to in the Circular to members dated 6 May 1998. 2. At the general meeting of members of Amgold held on 3 June 1998 the resolution relating to the disposal by the company to Anglogold of its holdings in the Participating Companies together with its Gold Mineral Rights, certain other share interests (including the interest in Driefontein Consolidated Limited) and certain US Dollar denominated loans all as referred to in the resolution, was passed by the requisite majority of members in terms of the requirements of the Companies Act 1973, as amended. In addition the resolution was passed by a majority of members other than Anglo American Corporation of South Africa Limited and those of its subsidiaries which hold shares in Amgold, which are related parties of the company in terms of the rules of the Johannesburg Stock Exchange. In exchange for the disposals by it, Amgold will receive the following: - a total of 15 070 023 Anglogold shares credited as fully paid; - participation rights in future profits or equity arising from the exploitation of certain mineral rights areas, and a participation in any profits, should these assets be disposed of by Anglogold; and - corresponding obligations by Anglogold to Amgold in respect of the disposal to Anglogold of certain loans. 3. At the scheme meetings of the Participating Companies held in terms of Orders of the High Court of South Africa (Witwatersrand Local Division) ("the Court") on 4 June 1998, the Participating Companies' members approved, in accordance with the requirements of Section 311 of the Companies Act 1973, as amended, the Schemes in terms of which it is proposed that: - existing members of the Participating Companies will receive a certain number of new Anglogold ordinary shares for every 100 shares held on the Record Date and/or a pro rata number of Anglogold ordinary shares. Fractions of new Anglogold ordinary shares will not be allotted, but in lieu thereof, Participating Companies' members will receive the cash equivalent of that Participating Company's member's entitlement to a fraction of a new Anglogold ordinary share. The cash equivalent will be the value of such fraction based on a price of R195,00 per share; and - the Participating Companies will become wholly-owned subsidiaries of Anglogold. On 23 June 1998 applications will be made to the Court to sanction the Schemes. Subject to the sanction by the Court, it is expected that the listings of the Participating Companies' (other than Eastvaal) shares will terminate at the close of trading on 26 June 1998 (the last day for those companies' members to register to participate in the respective Schemes) and the Schemes (other than the Eastvaal Scheme) will become operative on 29 June 1998. In the case of Eastvaal, the listing of its shares will terminate at the close of trading on 10 July 1998 (the last day for Eastvaal members to register to participate in the Scheme) and the Scheme will become operative on 13 July 1998. Johannesburg 7 June 1998 END MSCQEFFBVQKLBKX
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