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CENTAMIN PLC ORD - CELTF STOCK NEWS

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Centamin PLC is an established gold producer with a premium listing on the London Stock Exchange and Toronto Stock Exchange. The Company's flagship asset, the Sukari Gold Mine, is Egypt's largest and first modern gold mine, producing over 5.7 million ounces of gold since 2009. Centamin has a diverse portfolio of exploration assets in Egypt and Côte d'Ivoire, including the Doropo project, positioning the Company for sustainable growth and creating lasting mutual benefits for stakeholders.

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Centamin PLC has reported a major shareholding notification from JPMorgan Chase & Co. The notification indicates that JPMorgan's total position reached 5.000087% of voting rights, consisting of 4.94303% through direct shares and 0.057057% through financial instruments. This position was reached on November 12, 2024, representing 57,392,758 direct voting rights. The financial instruments include cash-settled equity swaps expiring in October and December 2025.

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Centamin PLC has reported a major shareholding notification from Barclays PLC. The notification indicates that Barclays' total position in Centamin has slightly decreased to 9.84% (9.81% in voting rights attached to shares and 0.03% through financial instruments) as of October 31, 2024, down from a previous position of 10.12%. The majority of the holding is through Barclays Capital Securities , which holds 9.78% of total voting rights. The notification was filed on November 5, 2024.

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Centamin PLC has reported a significant shareholding notification from JPMorgan Chase & Co. As of October 31, 2024, JPMorgan's total position amounts to 25.69305% of voting rights, consisting of 3.736622% through direct shares and 21.956432% through financial instruments. The position includes 43,385,410 direct voting rights and various cash-settled equity swaps expiring between March 2025 and November 2025. The notification was made through J.P. Morgan Securities plc and J.P. Morgan Securities

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Barclays PLC has reported changes in its holdings of Centamin PLC shares as of October 29, 2024. The total position now stands at 9.85% of voting rights, comprising 9.82% through direct shares (114,052,972 shares) and 0.03% through financial instruments (312,737 shares via CFDs). This represents a decrease from the previous position of 10.17%. The notification details the holdings through Barclays' controlled entities, with Barclays Capital Securities holding 9.77% of voting rights.

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Centamin PLC has received a notification of major holdings from Barclays PLC. The notification indicates that Barclays has crossed a threshold on October 28, 2024, reaching a 10.17% total holding position in Centamin. This consists of 10.14% voting rights attached to shares (117,745,240 shares) and 0.03% through financial instruments. The position represents an increase from their previous notification of 10.07%. The holdings are primarily managed through Barclays Capital Securities and Barclays Investment Solutions

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Barclays PLC has reported a change in its holdings of Centamin PLC shares, crossing a threshold on October 25, 2024. The notification details show Barclays now holds a 10.07% total position, consisting of 10.04% in direct voting rights (116,539,499 shares) and 0.03% through financial instruments. The majority of the holding is through Barclays Capital Securities , which controls 10.01% of the total voting rights.

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Centamin PLC announced a major holdings notification regarding Barclays PLC's increased stake in the company. The notification reveals that Barclays crossed a significant threshold on October 24, 2024, reaching a 10.05% total position in Centamin, consisting of 10.02% voting rights attached to shares and 0.03% through financial instruments. This represents a substantial increase from their previous position of 5.20%. The total number of voting rights held amounts to 116,642,258 shares.

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Centamin announced the successful results of its Court Meeting and General Meeting held on October 28, 2024, regarding the recommended acquisition by AngloGold Ashanti. At the Court Meeting, 98.08% of voting Scheme Shareholders approved the resolution, representing 62.50% of eligible shares. At the General Meeting, 98.22% of shareholders voted in favor of the Special Resolution. The transaction remains subject to final court sanction, expected on November 20, 2024. The Scheme is anticipated to become effective on November 22, 2024, followed by the suspension of Centamin shares trading on LSE and subsequent delisting from both LSE and Toronto Stock Exchange.

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Centamin and AngloGold Ashanti have announced that the Egyptian Competition Authority has approved their proposed acquisition. The acquisition, structured as a court-sanctioned scheme of arrangement under Jersey Companies Law, was first agreed upon on September 10, 2024. The approval satisfies one of the key conditions for the transaction, as outlined in the Scheme Document published on September 30, 2024. Completion of the transaction is still subject to other conditions, including the sanction of the Scheme by the Jersey Court. The timetable for the transaction remains unchanged, and any updates will be announced through Centamin's website.

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Centamin announced the publication of a Scheme Document related to its acquisition by AngloGold Ashanti. This transaction, agreed upon on September 10, 2024, will be implemented through a court-sanctioned scheme of arrangement under Jersey law. The Scheme Document, sent to Centamin shareholders, includes terms and conditions, an explanatory statement, meeting notices, and an action plan for shareholders.

Key meetings for approval are scheduled for October 28, 2024. The Scheme requires the approval of Centamin shareholders and the Jersey Court. If approved, the transaction is expected to be effective in Q4 2024. Centamin directors, advised by BofA Securities and BMO, unanimously recommend voting in favor of the Scheme.

Shareholders are urged to submit proxy appointments promptly. The Scheme Document and related materials are available on Centamin's and AngloGold Ashanti's websites and other specified platforms. For assistance, shareholders can contact Computershare.

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FAQ

What is the current stock price of CENTAMIN PLC ORD (CELTF)?

The current stock price of CENTAMIN PLC ORD (CELTF) is $1.846 as of November 14, 2024.

What is the market cap of CENTAMIN PLC ORD (CELTF)?

The market cap of CENTAMIN PLC ORD (CELTF) is approximately 2.3B.

What is Centamin PLC's flagship asset?

Centamin's flagship asset is the Sukari Gold Mine, Egypt's largest and first modern gold mine.

Where does Centamin PLC have exploration assets?

Centamin has a large portfolio of exploration assets in Egypt and Côte d'Ivoire.

What is the projected mine life for Sukari Gold Mine?

The mine life for the Sukari Gold Mine extends to 2035.

What is Centamin PLC's approach to responsible mining activities?

Centamin practices responsible mining activities, focusing on operational and financial performance while creating lasting benefits for stakeholders.

What is Centamin PLC's financial position?

As of March 31, 2024, Centamin had a strong financial position, with net cash and liquid assets of US$167 million.

What are Centamin PLC's growth prospects?

Centamin is actively pursuing future growth prospects, including the Doropo project in Côte d'Ivoire and exploration activities in Egypt and Côte d'Ivoire.

What are some of the achievements of Centamin PLC in health and safety?

Centamin achieved new safety records and external accreditation under ISO 45001:2018 standards, demonstrating a commitment to health and safety.

How can I get more information about Centamin PLC?

For more information, you can visit the Centamin website at www.centamin.com or contact investor@centaminplc.com.

CENTAMIN PLC ORD

OTC:CELTF

CELTF Rankings

CELTF Stock Data

2.33B
1.14B
1.43%
93.84%
Gold
Basic Materials
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United States of America
Saint Helier