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Centamin PLC Announces Additional Listing

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Centamin PLC announces the issuance of 20,334,280 ordinary shares as part of its Share Incentive Plan, following the recommended acquisition by AngloGold Ashanti. The shares will be issued upon court sanction of the scheme arrangement and will rank equally with existing ordinary shares. The company has applied to the FCA and LSE for listing, with trading expected to commence on November 20, 2024. Post-admission, Centamin's total issued share capital will be 1,181,416,975 ordinary shares, each carrying one voting right.

Centamin PLC annuncia l'emissione di 20.334.280 azioni ordinarie come parte del suo Piano di Incentivazione Azionaria, a seguito dell'acquisizione consigliata da parte di AngloGold Ashanti. Le azioni saranno emesse a seguito dell'approvazione del tribunale per il piano di ristrutturazione e avranno lo stesso valore delle azioni ordinarie esistenti. La società ha presentato richiesta alla FCA e alla LSE per la quotazione, con l'inizio delle negoziazioni previsto per 20 novembre 2024. Dopo l'ammissione, il capitale sociale totale emesso da Centamin sarà di 1.181.416.975 azioni ordinarie, ciascuna con un diritto di voto.

Centamin PLC anuncia la emisión de 20.334.280 acciones ordinarias como parte de su Plan de Incentivo de Acciones, tras la adquisición recomendada por AngloGold Ashanti. Las acciones se emitirán tras la sanción del tribunal del esquema de acuerdo y tendrán la misma categoría que las acciones ordinarias existentes. La empresa ha solicitado a la FCA y a la LSE la cotización, y se espera que las operaciones comiencen el 20 de noviembre de 2024. Tras la admisión, el capital social total emitido por Centamin será de 1.181.416.975 acciones ordinarias, cada una de las cuales llevará un derecho de voto.

Centamin PLC는 AngloGold Ashanti의 권장 인수에 따라 20,334,280개의 보통주 발행을 발표했습니다. 주식은 법원의 승인 후 발행될 것이며 기존 보통주와 동일한 지위를 가질 것입니다. 이 회사는 FCA와 LSE에 상장 신청을 하였으며, 거래는 2024년 11월 20일에 시작될 것으로 예상됩니다. 상장 후, Centamin의 총 발행 주식 수는 1,181,416,975개의 보통주로 각 주식은 하나의 투표권을 가집니다.

Centamin PLC annonce l'émission de 20.334.280 actions ordinaires dans le cadre de son Plan d'Incentive d'Actions, suite à l'acquisition recommandée par AngloGold Ashanti. Les actions seront émises après validation du plan par le tribunal et auront le même statut que les actions ordinaires existantes. La société a demandé une cotation à la FCA et à la LSE, le commerce devant commencer le 20 novembre 2024. Après l'admission, le capital social total émis par Centamin sera de 1.181.416.975 actions ordinaires, chacune portant un droit de vote.

Centamin PLC gibt die Emission von 20.334.280 Stammaktien im Rahmen seines Aktienanreizplans bekannt, nach der empfohlenen Übernahme durch AngloGold Ashanti. Die Aktien werden nach der gerichtlichen Genehmigung des Plans ausgegeben und haben den gleichen Rang wie die bestehenden Stammaktien. Das Unternehmen hat bei der FCA und der LSE einen Antrag auf Notierung gestellt, und der Handel soll voraussichtlich am 20. November 2024 beginnen. Nach der Zulassung wird das gesamte ausgegebene Grundkapital von Centamin 1.181.416.975 Stammaktien betragen, von denen jede ein Stimmrecht hat.

Positive
  • Acquisition by AngloGold Ashanti indicates strategic business consolidation
  • Share issuance aligns with approved incentive plans, demonstrating structured compensation strategy
Negative
  • 20,334,280 new shares issuance may lead to dilution of existing shareholders' value

Centamin PLC

("Centamin" or "the Company" or "Group", including its subsidiaries)

LSE: CEY / TSX: CEE

PERTH, AUSTRALIA / ACCESSWIRE / November 18, 2024 / Ordinary share listing application

Pursuant to the recommended acquisition of Centamin plc ("Centamin") by AngloGold Ashanti plc ("AngloGold Ashanti") which is due to be implemented by way of a court-sanctioned scheme of arrangement under article 125 of the Jersey Companies Law (the "Scheme"), the Company wishes to advise that, under the terms of the Company's shareholder approved incentive plans (the "Centamin Share Incentive Plan"), ordinary shares are to be issued to satisfy awards that will vest to participants if the Scheme is sanctioned by the Royal Court of Jersey ("Court").

As a result, 20,334,280 ordinary shares of no par value ("Shares") will be issued and will rank pari passu with the Company's existing ordinary shares. Subject to the Scheme being sanctioned by the Court, the trustee of the Centamin Share Incentive Plan will allocate the vested awards in accordance with the terms of Centamin Share Incentive Plan.

An application has been made by the Company to the Financial Conduct Authority ("FCA") and the London Stock Exchange ("LSE") for the listing of the Shares to be admitted to the Official List of the FCA and to trading on the LSE. The Shares are expected to be admitted to trading on the LSE from 8:00am GMT on 20 November 2024 (the "Admission").

Immediately following the Admission, and in accordance with FCA Disclosure Guidance and Transparency Rule 5.6.1, the Company's total issued share capital will comprise of 1,181,416,975 ordinary shares of no par value and each carrying one voting right.

For more details on the Centamin Share Incentive Plan, please refer to the 2023 Annual Report and Accounts which is available on the Company's website at www.centamin.com .

This announcement contains ongoing regulated information.

FOR MORE INFORMATION please visit the website www.centamin.com or contact:

Centamin plc
Michael Stoner, Head of Corporate
investor@centaminplc.com

FTI Consulting
Ben Brewerton / Sara Powell / Nick Hennis
+442037271000
centamin@fticonsulting.com

LEI: 213800PDI9G7OUKLPV84

Company No: 109180

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com .
SOURCE: Centamin PLC


View the original press release on accesswire.com

FAQ

How many new shares will Centamin PLC (CEY) issue under the Share Incentive Plan?

Centamin PLC will issue 20,334,280 new ordinary shares under the Share Incentive Plan.

When will the new Centamin PLC (CEY) shares begin trading on the LSE?

The new shares are expected to begin trading on the London Stock Exchange from 8:00am GMT on November 20, 2024.

What will be Centamin PLC's (CEY) total issued share capital after the new share admission?

After the admission, Centamin PLC's total issued share capital will comprise 1,181,416,975 ordinary shares.

Why is Centamin PLC (CEY) issuing new shares?

Centamin PLC is issuing new shares to satisfy awards that will vest to participants under the Centamin Share Incentive Plan, following the recommended acquisition by AngloGold Ashanti.

CENTAMIN PLC ORD

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