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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Randgold Res. | LSE:RRS | London | Ordinary Share | GB00B01C3S32 | ORD $0.05 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6,546.00 | 6,580.00 | 6,584.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:0923Q Ashanti Goldfields Company Ld 23 September 2003 PRESS RELEASE FOR IMMEDIATE RELEASE 23 September 2003 CONFIRMATION OF FURTHER APPROACH BY RANDGOLD The board of Ashanti Goldfields Company Limited ("Ashanti") notes the announcement earlier today by Randgold Resources Limited ("Randgold"). Ashanti confirms that it has today received a formal merger proposal from Randgold to acquire the issued share capital of Ashanti at an exchange ratio of one new Randgold ordinary share for every two Ashanti ordinary shares ("the Proposal"). The Proposal is subject to a number of pre-conditions including the recommendation of the board of Ashanti, entering into a satisfactory transaction agreement with Ashanti and the receipt of an undertaking to accept the offer from the Government of Ghana. Ashanti is, together with its advisers, currently evaluating the terms of the Proposal. A further announcement will be made as and when appropriate. The board of Ashanti continues to recommend the proposed merger with AngloGold Limited ("AngloGold") and has agreed with AngloGold to extend the transaction agreement entered into on 4 August 2003. The transaction agreement originally provided that it would terminate if certain approvals and undertakings were not received from the Government before 30 September 2003, or such later date as may be agreed by Ashanti and AngloGold. This date has now been extended to 31 October 2003, or such later date as may be agreed by Ashanti and AngloGold. There can be no assurance that an agreement with Randgold will be reached or that a transaction with either Randgold or AngloGold will be implemented. Consequently, shareholders of Ashanti are advised to exercise caution when dealing in the relevant securities. End For further information contact: Ashanti Goldfields Company Limited Kweku Awotwi Tel: +233 21 772 331 Ernest Abankroh Tel: +233 21 774 977 Corinne Gaisie Tel: +44 20 7256 9938 Grandfield UK Investors and Media Charles Cook Tel: +44 20 7417 4170 Matthew Jervois The Global Consulting Group North American Contact Allan Jordan Tel: +1 646 284 9452 CIBC World Markets Andy Quinn Tel: +44 20 7234 6000 Certain statements in this announcement are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Ashanti believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. For a discussion of the important factors and risks involved in Ashanti's business refer to Ashanti's filings with the U.S. Securities and Exchange Commission (the "Commission"), including Ashanti's amended annual report on Form 20-F/A for the year ended 31 December 2002, filed with the Commission on 17 June 2003. Ashanti does not undertake any obligation to update publicly any forward-looking statements discussed in this announcement, whether as a result of new information, future events or otherwise. This information is provided by RNS The company news service from the London Stock Exchange END MERUOABRORRKUAR
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