Source - Alliance News

Anglo American PLC on Monday said it has completed the demerger of Valterra Platinum Ltd, formerly called Anglo American Platinum Ltd, as well as a share consolidation.

The London-based miner distributed its 51% of Valterra to its shareholders on the basis of 110 Valterra shares for every 1,075 Anglo American shares held.

The demerger took effect on Saturday, with the share consolidation becoming effective on Sunday.

Anglo American had already sold a 12% stake in Valterra from its original 79% shareholding. It retains a 19.9% interest after the demerger.

Shareholders of Anglo American approved the demerger at a general meeting late in April.

The share consolidation was intended to provide consistency in the Anglo American share price before and after the demerger. Each Anglo American shareholder will receive 96 new shares in Anglo American for every 109 Anglo American shares previously held.

Valterra debuted on the London Stock Exchange on Monday, while retaining its primary listing on the Johannesburg Stock Exchange.

‘Today marks a significant milestone as Valterra Platinum joins the main market of the London Stock Exchange, complementing our primary listing in Johannesburg,’ Valterra Chief Executive Officer Craig Miller said in a statement on Monday.

Shares in Anglo American were up 0.1% at 2,207.00 pence on Monday in London. In Johannesburg, they were down 0.3% to R 535.48.

Valterra Platinum last traded at 2,800.00 pence in London on Monday morning. It was quoted at R 736.81 in Johannesburg.

Copyright 2025 Alliance News Ltd. All Rights Reserved.

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