Anglo American returns cash to shareholders

Anglo American, the diversified mineral resources outfit has just announced its intention to return an additional $ 2 billion to its shareholders through: ( i) an on- market irrevocable and non- discretionary share buyback programme of $ 1 billion ( the “Buyback Programme”); and ( ii) a special dividend of $ 0.80 per ordinary share, equal to $ 1 billion ( Special Dividend). The Buyback Programme will begin immediately and will end no later than 14 February 2022. The sole purpose of the Buyback Programme is to reduce the issued share capital of Anglo American. Anglo has given irrevocable and non- discretionary instructions to Goldman Sachs International in relation to the Buyback Programme. Goldman Sachs will act as principal and will purchase shares on the Johannesburg Stock Exchange and UK trading venues1 in line with the proportion of Anglo American’s shareholder register in South Africa and the United Kingdom and will make its trading decisions concerning the timing of the purchases of Anglo American’s ordinary shares independently of Anglo American. The purchased shares will be cancelled.