Demerger of Anglo American Platinum
Anglo American is simplifying its highly diversified portfolio to focus on its copper, premium iron ore and crop nutrients businesses. This is designed to unlock the full value potential of the portfolio as a whole, both the businesses we will retain and grow, and those that we are divesting and demerging.
As part of our portfolio simplification, subject to shareholder approval, our Platinum business will be demerged from the Anglo American Group on 2 June 2025, becoming a wholly independently owned company. Anglo American Platinum Ltd is already listed on the Johannesburg Stock Exchange, and from this date will also be listed on the London Stock Exchange, helping to diversify its shareholders and make it as easy as possible for people to buy and sell shares.
Subject to shareholders approving its name change, Anglo American Platinum Ltd will also be renamed "Valterra Platinum Limited" (although in this website we continue to refer to Anglo American Platinum throughout for consistency).
This is all part of our Transformation work. You can find out more about this on Eureka!
The Platinum demerger will affect all Anglo American shareholders. This page is to provide you, as an employee, with a summary of the information you need about how the demerger of the Platinum business will impact any Anglo American shares that you own outright.
A summary of the impact on your awards in our company share plans will be available on the relevant page from 30 April.
How it works
There are two parts to the demerger. Anglo American is the majority shareholder of Anglo American Platinum, and will transfer shares in Anglo American Platinum ("Platinum shares") to our shareholders via a distribution. Afterwards, we will consolidate our Anglo American shares.
The detail of the distribution and the consolidation is set out in a circular which was sent to all Anglo American shareholders on 8 April, and which you can access here.
A summary of these steps is as follows:
1: Distribution of Platinum shares
For every 1075 Anglo American shares that you own, at the time of the demerger, you will receive 110 Platinum shares.
You may need to pay tax in connection with the Platinum shares you receive. You can find out more by viewing your country's tax notes (see Resources below).
2: Consolidation of Anglo American shares
To maintain broad comparability of our share price before and after the demerger (as far as is reasonably possible), we will consolidate the Anglo American shares. This means reducing the total number of Anglo American shares, with the intention that the Anglo American share price after the demerger remains broadly comparable with our share price beforehand.
The intention of share consolidation is that on completion of this process, the total value of your Anglo American and Platinum shares should be broadly comparable to the value of your Anglo American shares before the distribution and consolidation. However, external market factors may impact share prices, which can go down as well as up.
What this means for your shares
As an Anglo American shareholder, you will be impacted by the demerger.
If you hold shares in one of our share plans the treatment may be different. We will provide more information about what you can expect in our share plan pages from 30 April 2025.
If you hold your Anglo American shares in the Employee Corporate Nominee, you can check your holdings here.
Distribution
As part of this demerger, Anglo American shareholders will receive something called a "Receivable", which will then be immediately satisfied by (in summary) a transfer of the relevant number of Platinum shares. Whilst you need to be aware of these two steps (including as they are referred to in the tax notes which are available) the outcome is that you will end up receiving Platinum shares.
You will be able to sell the Platinum shares at any time after the demerger.
If you hold Anglo American shares in the Employee Corporate Nominee, there is also an Employee Corporate Nominee Sale Facility where you can pre-elect to sell the Platinum shares you receive on the demerger – please see below for further details. (A similar sale facility will also be available for shares held under the employee share plans, with details available on the share plan pages from 30 April).
You may need to pay tax on the value of the Receivable, depending on where you are tax resident and your individual circumstances. You can find out more by viewing your country's tax notes (see Resources below).
For tax purposes you may also need to know the value of the "Receivable", and so as soon as possible after 2 June we will update this page with some information on the value of the Receivable for each Anglo American share.
If you receive a fraction of a Platinum share
The value of your Receivable might not be able to turn into a whole number of Platinum shares. If so, what happens to the fraction of a Platinum share depends on how you hold your Anglo American shares.
If you hold your Anglo American shares in the Employee Corporate Nominee, you would become the owner of a fraction of a Platinum share, which will be automatically sold for you on or as soon as possible after 2 June 2025. The proceeds will be added to the next payment you receive from your account, unless it exceeds £50 in which case it will be payable immediately.
Please make sure that your bank account details are up to date at the date of the demerger.
Consolidation
The number of shares you own in Anglo American will automatically reduce, with the intention of maintaining broad comparability between the share price before and after the demerger.
If the consolidation results in a fraction of an Anglo American share
The consolidation may not result in you being able to receive a whole number of shares in Anglo American. If so, what happens to the fractional share depends on how you hold your Anglo American shares.
If you hold your Anglo American shares in the Employee Corporate Nominee, you will become the owner of a fraction of an Anglo American share, which will be automatically sold for you on or as soon as possible after 2 June 2025. The proceeds will be added to the next payment you receive from your account, unless it exceeds £50 in which case it will be payable immediately.
Please make sure that your bank account details are up to date at the date of the demerger.
What you need to do
- If you hold your Anglo American shares in the Employee Corporate Nominee, we have put in place an Employee Corporate Nominee Sale Facility which allows you to pre-elect to sell the Platinum shares you receive on the demerger. Please see below for further details. You will be able to make a pre-election to sell your Platinum shares through the Employee Corporate Nominee Sale Facility from 1 May to 23 May, and then the Platinum shares will be sold on or as soon as possible after 2 June. Use of the Employee Corporate Nominee Sale Facility is subject to terms and conditions, which will be available from 30 April. If you do not wish to sell your Platinum shares right away, you can keep them and sell them at any time in the future.
- Read through your country's tax notes (see Resources) to understand what the requirements are in your country.
- Refer to the Anglo American shareholder circular (see Resources) if you need any further information on the demerger and its impact on your shares, or if you hold Anglo American shares in any personal share dealing accounts.
- If you participate in the Anglo American share plans, watch out for further information on the impact of the demerger which will go live on the share plan pages from 30 April.
- Be aware that there will be a window, from 4pm (UK time) on 29 May until 8:30am (UK time) on 2 June during which the Employee Corporate Nominee account will be locked, so you will not be able to trade Anglo American shares held in the account during that window.
How the Employee Corporate Nominee Sale facility will work
If you hold your Anglo American shares in the Employee Corporate Nominee, we have put in place an Employee Corporate Nominee Sale Facility which allows you to pre-elect to sell the Platinum shares you receive on the demerger.
You will be able to make a pre-election to sell your Platinum shares through the Employee Corporate Nominee Sale Facility from 1 May to 23 May. The Platinum shares will be sold on or as soon as possible after 2 June.
This Sale Facility relates only to Platinum shares you will receive in the Employee Corporate Nominee. (In other words it relates to all of the Platinum shares you receive in respect of any owned Anglo American shares you hold in the Employee Corporate Nominee as at the demerger record time.)
Making an election
You can access the sale facility here from 1 May 2025. The election window will close on 23 May 2025.
Any election will be to sell ALL of the Platinum shares you receive in respect of your owned Anglo American shares held in the Employee Corporate Nominee as at the demerger record time.
Your shares will be sold on or as soon as possible after 2 June 2025, and may be sold over several days. Your shares will be sold on the market, so the sale price will depend on the market share price at the time. Please note this means there will be no certainty about the sale price, as there is no minimum or maximum price.
You will receive the sale proceeds, minus any applicable deductions, by bank transfer. This will happen once the Sale Facility has completed all sales. As a guide, payment would normally be expected within 10 business days from the end of the sales.
Any fraction of a Platinum share you receive will be sold alongside the whole shares you pre-elect to sell.
If you pre-elect to sell your Platinum shares, here are some things to consider:
- Share dealing. The election will be subject to any share dealing restrictions on Platinum shares to which you are subject.
- Complete sale. You can only pre-elect to sell all your Platinum shares. If you want to sell only some of your Platinum shares, log into ShareHub after the demerger.
- Terms and conditions. The Sale Facility T&Cs for using the Sale Facility will be available on ShareHub from 1 May.
- Final decision. Pre-elections are irrevocable, which means you will not be able to change your mind and stop the sale.
We will provide further information on the Sale Facility from 30 April.
Keeping your shares
If you don't want to pre-elect to sell your Platinum shares, then any whole Platinum shares will be held in your Employee Corporate Nominee account. You'll be able to see these by logging on to ShareHub. You can then choose when to sell those shares as normal. Any fraction of a Platinum share you receive will be sold in the same way as shares that were pre-elected for sale.
Please note Anglo American Platinum will be renamed Valterra Platinum Limited (subject to shareholder approval). Once the name change takes place, your Platinum shares will appear on ShareHub as Valterra Platinum shares. This will have no other impact on the shares.
Separate sale facilities will be available for Platinum shares that you may hold under any of the Anglo American employee share plans. You will need to take separate action if you want to use those sale facilities. More information will be available on the share plan pages which will be available on 30 April 2025.
If you hold Anglo American shares outside of the Employee Corporate Nominee then you will receive separate Shareholder information in respect of these shares.
Timeline
Update
Information on the Employee Corporate Nominee Sale Facility available for shares held via the Employee Corporate Nominee account will go live.
Elect
If you hold your shares via the Employee Corporate Nominee, you can submit a pre-election under the Employee Corporate Nominee Sale Facility to sell the Platinum shares as soon as they become available.
Lock
The Employee Corporate Nominee will be locked for trading of Anglo American shares from 4pm (UK time) on 29 May until 8:30am (UK time) on 2 June.
Demerger
Platinum leaves the Anglo American Group, with shares listed on the Johannesburg and London Stock Exchanges. Any Anglo American shares you own on this date will be impacted by the demerger.
Consolidation
We will reduce the number of Anglo American shares available to maintain broad comparability of our share price before and after the demerger. This change will show in your Employee Corporate Nominee share account as soon as possible after the consolidation.
Sale
If you hold shares via the Employee Corporate Nominee and have submitted a pre-election to sell your Platinum shares via the sale facility, they will be sold on your behalf on or following 2 June. Sale proceeds will be paid directly into your bank account. Please ensure your bank account details are up to date.
Receive
If you don't choose to sell, any Platinum shares you receive in the Employee Corporate Nominee will become visible in your administrator or broker account as soon as possible after the demerger.
Change of name
Subject to shareholder approval, from completion of the demerger Anglo American Platinum will be renamed "Valterra Platinum Limited" (and you will then receive the Platinum shares you receive being referred to as shares in Valterra Platinum).
Tax
You may need to pay tax in connection with the Platinum shares you receive, whether or not you sell them.
To find out more, see your country tax notes.
Matt's story
Matt has worked at Anglo American for 10 years and has been involved in various share plans. He currently owns 685 Anglo American shares outright, which are held in the Employee Corporate Nominee with our share plan administrator.
During the Platinum demerger, Anglo American shareholders will receive a Receivable equal to 1 Platinum share* for every 10 Anglo American shares they own. (The actual ratio is slightly different to this, but this has been rounded to 1:10 for the purposes of this illustration).
- The day before the demerger, each Anglo American share is worth (for example) £23.60*, so Matt's shares are worth £16,166.
- The day of the demerger, the closing price for Platinum shares is (for example) £26* per share and, in this example, the Anglo American share price after the consolidation is still £23.60*.
*These numbers are for illustration purposes only.
Here's what the distribution will look like for Matt
Matt receives a Receivable worth £1,781.00, which is satisfied with 68.5 Platinum shares.
He may have to pay tax on the value of the Receivable.
The 0.5 of a Platinum share is automatically sold on or shortly following 2 June 2025. Matt receives £13 from this sale.
Here's what the consolidation will look like for Matt
Matt's Anglo American shares are consolidated with the intention of maintaining broad comparability of the share price compared to before the demerger.
The consolidation results in Matt receiving 609.5 Anglo American shares.
Matt receives £11.80 from the automatic sale of his fractional balance of 0.5 share, which is sold as soon as possible after 2 June 2025.
After the sale of the fraction, Matt owns 609 Anglo American shares.
In this illustration, the total value of Matt's shares has been broadly maintained
| Value of Anglo American shares before the demerger | £16,166 |
| Value of Platinum shares after the demerger | 68 shares worth £1,768 0.5 shares sold for £13 |
| Value of Anglo American shares after the demerger | 609 shares worth approximately £14,372 0.5 shares sold for £11.80 |
Important: Please be aware that whilst the consolidation is intended to, as far as possible, broadly maintain comparability of the Anglo American share price before and after the demerger, both the Anglo American share price and the Platinum share price depend on the share price movements in the market. These share prices can go up as well as down, and the share prices of each of Anglo American and Platinum could be higher or lower than prior to the distribution and consolidation. The values given above are therefore for illustrative purposes only.
Questions & Answers
Anglo American is simplifying its highly diversified portfolio to focus on its copper, premium iron ore and crop nutrients businesses – designed to unlock the full value potential of the portfolio as a whole, both the businesses we will retain and grow, and those that we are divesting and demerging. As part of this, our Platinum business will be demerged from the Anglo American Group on 2 June 2025, becoming a wholly independently owned company called Valterra Platinum Limited.
More information on the Transformation work can be found on Eureka!
Anglo American Platinum Ltd will become an independent company called Valterra Platinum Limited. It will no longer be part of Anglo American and will operate separately.
This change will impact all Anglo American shareholders.
There are two parts to the demerger. Anglo American is the majority shareholder of Anglo American Platinum, and will transfer shares in Anglo American Platinum ("Platinum shares") to our shareholders via a distribution.
After the distribution, we'll consolidate our shares. This means the total number of Anglo American shares will reduce, with the intention that the Anglo American share price after the demerger remains broadly comparable with our share price beforehand.
The demerger will affect everyone who holds shares in Anglo American Plc. This includes:
- Independent corporate and retail investors
- Employees with shares – either purchased or vested via share plan participation
- Employees who participate in particular share plans.
If you are participating in one or more of our share plans, you may be impacted by the demerger.
You can find more information about what you can expect by going to your plan pages from 30 April 2025.
Subject to shareholder approval at the AGM on 30 April, the demerger is expected to take place on 30 May 2025.
Anglo American Platinum Ltd is already listed on the Johannesburg Stock Exchange (JSE) and from 2 June, will also be listed on the London Stock Exchange (LSE), and will become an independently owned company. You should receive your Platinum shares (or cash if you've elected to sell them) in the weeks following.
We will consolidate Anglo American shares after the markets close on 1 June 2025. You should see this change in your administrator account and/or your personal broker account shortly after.
This change in name does not affect the treatment of the demerger or share consolidation. For consistency we refer throughout to Anglo American Platinum, and to Platinum shares.
Subject to shareholder approval after the demerger you will then see the name change to Valterra Platinum, and shares being referred to as shares in Valterra Platinum Limited (and if you continue to hold the shares you will see this new name in the share details). However, it remains the same company and the same shares.
There are two parts to the demerger. Anglo American is the majority shareholder of Anglo American Platinum.
Anglo American shareholders will receive something called a "Receivable", which will then be immediately satisfied by a transfer of the relevant number of Platinum shares.
Afterwards, we will consolidate our Anglo American shares, in order to maintain broad comparability between the share price before and after the demerger.
Yes. As a shareholder in Anglo American, you will receive something called a "Receivable", which will then be immediately satisfied by (in summary) a transfer of the relevant number of Platinum shares. Whilst you need to be aware of these two steps (as they are referred to in the tax notes available in the Resources section) the outcome is that you will end up receiving Platinum shares.
These Platinum shares will sit alongside your existing Anglo American shares. Following the demerger, the number of Anglo American shares you hold will automatically reduce. This is intended to maintain broad comparability between the share price before and after the demerger.
The total number of Anglo American shares will be reduced, with the intention of maintaining broad comparability between the share price before and after the demerger.
External market factors may impact the Company's share price which can go down as well as up.
To be eligible to receive Platinum shares, you must hold your Anglo American shares on the record date, which is 30 May 2025.
If you sell shares on or before the 30 May 2025, you will not be entitled to receive Platinum shares in relation to those shares sold.
If you leave on or before 30 May 2025 and have vested shares from your share plan(s), these are yours to keep or sell as you wish. If you still own them on 30 May 2025, they will be treated the same as all our other shares. This means you will receive a distribution of Platinum shares and see your Anglo American shares consolidated.
If you are participating in an Anglo American share plan when you leave and have unvested awards, the treatment of your shares will depend on the circumstances of your departure and the type of plan you are participating in. Please see the relevant plan page to see the impact on share plan awards. These will be available from 30 April 2025.
If you are participating in one or more of our share plan(s), we will provide more information about what you can expect in our plan pages from 30 April 2025.
The demerger will happen automatically. If you are entitled to receive Platinum shares, they will be credited to your account on or shortly after 2 June 2025.
If you own Anglo American shares in our Employee Corporate Nominee Account, you may have the opportunity to sell your Platinum shares as soon as possible after the demerger. You would need to inform your share plan administrator between 1 May and 23 May 2025 information will be available via on this website from 30 April.
If you decide not to sell your Platinum shares immediately, you can keep them for as long as you wish and sell them at a future date.
The number of Platinum shares you receive will depend on:
- How many Anglo American shares you own on the record date
- The distribution ratio 110 Platinum shares for every 1075 Anglo American shares that you own
You may need to pay tax on the Platinum shares you receive. You can find out more by viewing your country's tax notes in the Resources section.
The distribution ratio of Anglo American shares to Platinum shares may result in a fractional share. This will be distributed to you in cash via your share plan administrator or broker.
If you hold your Anglo American shares in the Employee Corporate Nominee, the proceeds will be added to the next payment you receive from your account, unless it exceeds £50 in which case it will be payable immediately.
You may need to pay tax on the fractional Platinum share you receive. You can find out more by viewing your country's tax notes in the Resources section.
Provided that you have not made an irrevocable election to sell your Platinum share during the pre-election window of 1 May to 23 May, your Platinum shares will be added to your account on or shortly after 2 June 2025.
Once you have received your Platinum shares, you can choose to either keep or sell them.
The Platinum business will become a wholly independent business, separate from Anglo American. If you decide to keep your Platinum shares, you will be entitled to any dividends the new Platinum business pays to its shareholders in the future.
If you own Anglo American shares in the Employee Corporate Nominee Account, you can choose to sell your Platinum shares as soon as possible after the demerger. You'll need to inform your share plan administrator between 1 May and 23 May 2025. Please note that the election to sell your Platinum shares in this way is irrevocable.
If you decide not to sell your Platinum shares immediately, you can keep them and sell them at any time in the future. When you do come to sell them, you may need to pay tax on any increase in value since you received them on 2 June 2025. This is the difference between the sale price (their value when you sell them) and the cost basis (their value when you received them). You can find this information in your share plan administrator or broker account.
Please see your country tax notes in the Resources section for more details.
Any Platinum shares you receive will be treated as dividends or income for tax purposes. Depending on your location, you may need to pay dividend or income tax on these.
Please see your country tax notes in the Resources section for more details.
If you keep your shares and sell them at a later date, you may also be liable for capital gains tax on any increase in value when you come to sell them.
Please refer to your country tax notes in the Resources section for more information.
We are unable to provide tax advice. If you need further guidance, we recommend consulting an independent tax advisor.
The Employee Corporate Nominee Sale Facility relates only to any Platinum shares that you will receive in the Employee Corporate Nominee. It will therefore relate to all of the Platinum shares that you receive in respect of any owned (vested) Anglo American shares as at the demerger record date.
Separate sale facilities will be available in respect of Platinum shares that you may hold under any of the Anglo American employee share plans. You will need to carefully read the information in respect of those sale facilities and may need to take separate action if you want to use them and/or to opt-out of them (as applicable). Information on the sale facilities for the Anglo American share plans will be available on the share plan pages of the Microsite which will go live on 30 April 2025.
If you hold Anglo American shares outside of the Employee Corporate Nominee then you will need to refer to the separate shareholder information you will receive in relation to the Platinum shares you will receive in respect of these separate Anglo American shares.
You can log into your ShareHub portal and access a sale election form. That will take you to an election form which will become active on 1 May 2025.
Please do not try to access the form before this date, you will not be able to make an election until 1 May 2025. Using the election form you will be able to select to sell all the Platinum shares you receive.
Elections can be made on the ShareHub portal between 1 May 2025 and 23 May 2025, if you are subject to any share dealing on Platinum shares, these restrictions will also apply to your pre-election.
The share plan administrator portal will not allow elections to be made after 23 May 2025.
Any election to sell Platinum shares under the Employee Corporate Nominee Sale Facility will be to sell all of the Platinum shares you receive in respect of your owned (vested) Anglo American shares held in the Employee Corporate Nominee as at the demerger record time.
If you wish to sell only some of your Platinum shares, you should not make an election to sell and, instead, may log into your share plan administrator account after the demerger from where you will be able to sell your Platinum shares.
The election to sell your Platinum shares is irrevocable, meaning you are not able to change your mind once you have elected to sell your Platinum shares.
If electing to sell immediately your shares held in the Employee Corporate Nominee Account via your share plan administrator, there may be a small difference in the market value at the time of sale and the base cost of when you received the share.
The share plan administrator will sell shares over the course of several days to ensure that you receive the best price for your shares. If the value of the shares has increased above the base cost price, then this may mean you become be liable to a capital gains tax charge.
Please refer to your country tax notes in the Resources section for more information.
We are unable to provide tax advice. If you need further guidance, we recommend consulting an independent tax advisor.
Sales in respect of any election that you give will take place on, or as soon as possible after, 2 June 2025. The sale of your Platinum shares may take place over a number of days. Further information on the terms on which the shares will be sold will be available in the Terms and Conditions document which will be available on your share plan administrator's portal from 1 May.
Any Platinum shares sold pursuant to the Employee Corporate Nominee Sale Facility will be sold on the market, and so the sale price will depend on the market share price for Platinum shares when the sale takes place (which could be either on 2 June 2025, or on a later date, depending on when the sale is made). There will be no minimum or maximum price, and sales under the Employee Corporate Nominee Sale Facility will go ahead at whatever the market price for Platinum shares is at the time of the sale.
If you use the Employee Corporate Nominee Sale Facility it is therefore important that you understand there is no certainty as to what sale price you will receive for your Platinum shares sold through the Employee Corporate Nominee Sale Facility. Additionally, as elections under the Corporate Nominee Sale Facility will be irrevocable once they are made, you will not be able to change your mind or stop the sale if the share price falls below a level at which you may otherwise have wanted to sell your Platinum shares.
You will receive the proceeds in respect of the sale of your Platinum shares by bank transfer into the bank account details which you will need to confirm in the share plan administrator portal when you elect to use the Employee Corporate Nominee Sale Facility. The payment, less any applicable deductions, will be made after all sales under the Employee Corporate Nominee Sale Facility have been completed, the date of which will depend on when the sales are able to take place. As a guide, payment would normally be expected to be able to be made within 10 business days of the sales completing.
If you receive a fraction of a Platinum share within your Employee Corporate Nominee account then, if you elect to use the Employee Corporate Nominee Sale Facility, that fraction will be sold along with the rest of the Platinum shares you receive in the Employee Corporate Nominee.
If you do not use the Employee Corporate Nominee Sale Facility, then any whole number of Platinum shares you receive in the Employee Corporate Nominee will be retained in the Employee Corporate Nominee. After the demerger, you will be able to see those Platinum shares in your Employee Corporate Nominee account through the share plan administrator portal and will be able to sell those shares as normal through the share plan administrator portal (subject to the normal terms and Anglo American's share dealing policies).
Any fraction of a Platinum share you receive in the Employee Corporate Nominee will still be sold, in the same way as applies under the sale facility.
You may continue to sell your Anglo American shares as normal via the ShareHub portal, subject to Anglo American's existing share dealing policies. However, the Employee Corporate Nominee will be locked for trading between 4pm on 29 May, and 8am on 2 June and you will not be able to sell any Anglo American shares held in the Employee Corporate Nominee during this time.
Please note that you cannot elect to sell any Anglo American shares under the Employee Corporate Nominee Sale Facility, which applies only to Platinum shares.
If you sell or transfer Anglo American shares from the Employee Corporate Nominee after making a sale facility election then the election will cease to be valid in respect of any Platinum shares you receive on those Anglo American shares.
To maintain broad comparability of our share price before and after the demerger (as far as is reasonably possible), we will consolidate the Anglo American shares. This means reducing the total number of Anglo American shares, with the intention that the Anglo American share price after the demerger remains broadly comparable with our share price beforehand.
All Anglo American shareholders will see a reduction in the number of shares they own, but the total value of a shareholding will remain broadly comparable.
The consolidation of shares will be determined, approved and become effective on 2 June 2025 once the market closes.
This will show in your share account from 3 June 2025, although timings may vary depending on your share plan administrator or broker.
Yes, the number of Anglo American shares you own will reduce, to maintain broad comparability between the share price before and after the demerger.
It is likely that the consolidation will mean a portion of an Anglo American share is left over after consolidation. This fractional share will be sold and distributed to you in cash by your share plan administrator or broker.
You may need to pay tax on this fractional share. There's more information in your country tax notes in the Resources section, noting that the country tax notes are subject to a further update on 30 April.
Other than the fractional share element mentioned in 4.5, you should not need to pay tax on the consolidation of Anglo American shares. However, you should continue to review the information in your country tax notes in the Resources section.
The consolidation will happen automatically, so you don't need to do anything.
If the consolidation results in you owning part of an Anglo American share, this will be sold automatically. The funds will be paid to you directly by your broker.
You may need to pay tax on this fractional share. There's more information in your country tax notes in the Resources section.
Accessing your share account
If you own Anglo American shares in the Employee Corporate Nominee you can view your share plan awards and your shareholdings here.
This is where you can:
- View your shares
- Choose to make a pre-election to sell your Platinum shares
- Maintain your contact details including your bank account details
Make sure you have your User ID and Password.
You can find these in your award email.
Support
If you have any questions about the Platinum demerger and how it affects your shares, that haven't been answered above, please contact:
platinumdemergershareplans@angloamerican.com
We will provide information on how the demerger will impact our share plans from 30 April. Return to the share plan pages on this Hub from then if you have any questions about your share plan(s).
Please be aware that we are not able to provide any legal, financial or tax advice nor advice on your personal circumstances. In relation to the employee share plans, the information on the impact of the demerger on our share plans will be published on the share plan pages from 30 April, so please do not submit questions in relation to the share plans before you have reviewed that information. Please also be aware that the sale facilities being made available to employees will only go live from 1 May, and so you will not be able to access links to the sale facilities before that date.
Disclaimer
- The information included on this website does not constitute tax, financial, legal or investment advice and is not intended to be a comprehensive description of all of the legal, financial, tax or other considerations that may be relevant to the proposed demerger and/or share consolidation.
- If you are in any doubt about any matters, including but not limited to financial, taxation and legal matters, referred to on this website or their application to your own specific circumstances, you are recommended to seek your own independent financial, tax and legal advice from an appropriately authorised independent professional advisor.
- No member of the Anglo American group or any of their officers, employees, nominees, agents or representatives is giving you financial, legal, investment, tax or other advice in relation to the Anglo American share plans or the impact of the demerger and/or share consolidation on your awards and/or shares.
- Any Anglo American shareholder is recommended to review the Anglo American shareholder circular which sets out information addressed to all Anglo American shareholders including those who hold or have a beneficial interest in Anglo American shares through the Anglo American share plans.
- Please refer to the Platinum prospectus for information relating to Platinum and the Platinum shares.
- To the extent there is a conflict between any information on this website and the Anglo American circular, the Anglo American circular shall take precedence over this website.
- The value of Anglo American and Platinum shares can go down as well as up and nothing on this website is intended as advice or predictions on any share price movement. It is important to note that the share prices of each of Anglo American and Platinum could be higher or lower than prior to the distribution and consolidation.
- No member of the Anglo American group or any of their officers, employees, nominees, agents or representatives accepts any liability for any loss arising from reliance on any information contained on this website.
- Any references to third-party sources or links are provided for convenience only and do not constitute endorsement or verification of the content.
- Any tax information included on this website is intended only as a general guide to current tax law and published tax authority practice, as applied in the jurisdiction referred to in the tax information as at 8 April 2025, both of which are subject to change at any time, possibly with retrospective effect.
- Any tax information included on this website applies only to Anglo American employees holding Anglo American shares who are tax resident and domiciled and working solely in the jurisdiction in respect of which any tax information is provided through-out both the entire vesting or equivalent period of any Anglo American share award and during the entire tax period in which the demerger occurs.
- It is the responsibility of each employee to ensure compliance with applicable tax regulations based on their personal circumstances.