11 Mar 2014 08:34
AFRICAN BARRICK GOLD PLC - Completion of Placing by Barrick Gold CorporationAFRICAN BARRICK GOLD PLC - Completion of Placing by Barrick Gold Corporation
PR Newswire
London, March 11
11 March 2014 African Barrick Gold plc (the "Company" or "ABG") Completion of Placing by Barrick Gold Corporation ABG notes the announcement by Barrick Gold Corporation ("Barrick") that it hascompleted the sale of 41 million shares, representing 10% of the issued sharecapital of ABG, and has entered into a lock-up agreement for its remainingholding for the next 120 days. This transaction is consistent with Barrick'songoing portfolio optimisation strategy. Following the transaction, Barrick'sholding in ABG is reduced to 63.9%. Commenting, Brad Gordon, CEO of African Barrick Gold said "This is a positivestep by Barrick which significantly increases our free float. The placing is areflection of the increased interest in the business as a result of theprogress we are making as we continue to drive improved operational deliveryfrom our high quality asset base." ENQUIRIES For further information contact: African Barrick Gold plc +44 20 7129 7150 Andrew Wray, Chief Financial OfficerGiles Blackham, Investor Relations Manager Bell Pottinger +44 207 861 3800
Daniel Thöle