Anpario Regulatory News (ANP)

19 Mar 2007 13:10

Anglo Platinum Limited19 March 2007 FINAL (version 3) 19 March 2007 Anglo Platinum Limited("Anglo Platinum") Incorporated in the Republic of South AfricaRegistration number: 1946/022452/06JSE ordinary share code: AMSISIN code: ZAE000013181JSE preference share code: AMSPISIN code: ZAE000054474 -------------------------------------------------- Results of the Dividend Re-investment Election; and Revised Conversion Price for Convertible Preference Shares -------------------------------------------------- 1. Results of Dividend Re-investment Election Shareholders are referred to the announcements dated 12 February 2007 and2 March 2007 and the circular dated 12 February 2007 regarding the option toelect to use 50% of the proceeds of the cash dividend ("the re-investmentelection") to subscribe for new ordinary shares in Anglo Platinum ("thesubscription shares"). Shareholders are reminded that the election closed onFriday, 16 March 2007. At 31 December 2006 the number of ordinary shares in issue stood at 229,644,822.Between 1 January 2007 and 12 February 2007 preference shareholders requestedconversion from preference shares into ordinary shares in respect of 5,970,189preference shares. This resulted in an additional 2,069,883 ordinary sharesbeing issued which qualified for the re-investment election. Elections were received in respect of 3,604,352 subscription shares of which3,353,108 were in respect of Anglo South Africa Capital (Proprietary) Limited'sholding. Elections represented 80.29% of ordinary shares available for thesubscription. The JSE Limited ("the JSE") approved a maximum listing of thesubscription shares and an application to adjust the listing will be submittedto the JSE on Monday, 19 March 2007. These shares have been issued with effectfrom commencement of business on Monday, 19 March 2007. The total number ofAnglo Platinum ordinary shares in issue and listed on the JSE subsequent to thelisting of the subscription shares is 235,332,377. Anglo Platinum's majorshareholder, Anglo South Africa Capital (Proprietary) Limited holds 176,436,873of the ordinary shares in issue or 74.97%. An aggregate amount of R5,409,365,753 was paid in respect of the net cashdividend. Dividend cheques and, where applicable, share certificates will be posted tocertificated ordinary shareholders (at the risk of such shareholders) on orabout Monday, 19 March 2007. Dematerialised ordinary shareholders will havetheir safe custody accounts with their CSDP or broker credited and/or updatedwith the subscription shares and/or the cash dividend on Monday, 19 March 2007. 2. Revised Conversion Price for Convertible Preference Shares As the dividend cover in respect of the 2006 dividend is less than 1.4 times, itis necessary, in accordance with the rights and privileges of the convertibleperpetual cumulative preference shares ("convertible preference shares"), toadjust the conversion price to be used when convertible preference shares areconverted into ordinary shares. Currently the conversion price is R288.43 or34.67046 ordinary shares for each 100 convertible preference shares converted.Based on the volume weighted average traded price of Anglo Platinum ordinaryshares on the JSE Limited for the five business days ended Friday, 9 March 2007of R1006.58552, the conversion price is adjusted to R284.24 or 35.18154 ordinaryshares for every 100 convertible preference shares converted. Convertible preference shareholders were informed in the announcement datedFriday, 2 March 2007 that no conversions of convertible preference shares maytake place between Monday, 12 February and Friday, 16 March 2007, both datesinclusive. The revised ratio will therefore become effective in respect ofconversions processed on or after Monday, 19 March 2007. Johannesburg19 March 2007 Sponsor Merrill Lynch South Africa (Pty) Limited This information is provided by RNS The company news service from the London Stock Exchange