Desculpe, a tradução completa não está disponível…
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 31 May 2025, becoming a wholly independently owned company. Anglo American Platinum Ltd ("Anglo American Platinum") is already listed on the Johannesburg Stock Exchange, and from 2 June 2025 will also be listed on the London Stock Exchange.
Subject to shareholders approving its name change, Anglo American Platinum 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 demerger of the Anglo American Platinum business may impact your Anglo American Non Cyclical Award(s) ("NCA"). On this page, we provide a summary of what happens to your unvested NCA(s) which are in the form of "conditional awards". A "conditional award" is a right to receive Anglo American shares when the award vests. Therefore, you do not currently hold any Anglo American shares under your award, and you would instead receive the Anglo American shares when the award vests.
For a summary of the impact of the demerger on your vested NCA shares, as well as any other Anglo American shares your own, see our Employee Shareholder page.
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.
1: Distribution of Platinum shares
Anglo American shareholders will receive 110 Platinum shares for every 1075 Anglo American shares they own at the time of the demerger.
However, you won't receive any Platinum shares in respect of any unvested part of your NCA as it is a conditional award, meaning you are not a shareholder.
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.
However, because your unvested NCA will not participate in the distribution, the number of Anglo American shares subject to your unvested NCA will remain the same and the total value of your unvested NCA will remain broadly comparable.
Whilst you won't receive any Platinum shares, the number of Anglo American shares under your unvested NCA will not be reduced, with the intention that the total value of your NCA after the distribution and consolidation should be broadly comparable to the value before. However, external market factors may impact share price, which can go down as well as up.
Impact on your unvested NCA
You do not need to take any action.
Your NCA will not participate in the demerger, and you will not receive any Platinum shares.
The number of Anglo American shares under your NCA will also remain unchanged, with the intention that, because of the consolidation, the total value of your NCA after the distribution and consolidation should be broadly comparable to the value before (subject to share price movements).
Vested NCA shares
If you hold vested shares in respect of your NCA(s), you may receive Platinum shares on the demerger. For a summary of the impact of the demerger on your vested NCA shares, see our Employee Shareholder page.
Other Anglo American share plans
If you participate in other Anglo American share plan(s), you may receive Platinum shares on the demerger. For a summary of the impact of the demerger on these share plan(s), please see the relevant plan page(s).
Matt's story
Matt has been working at Anglo American for 5 years. Three years ago, Matt got a promotion. Since then, he's received a NCA award every year.
- His 2022 award has now vested in full, which means he owns the Anglo American shares subject to the award.
- His 2023 award has started to vest, which means he owns some of the Anglo American shares subject to the award, but not all of them.
- His 2024 award hasn't vested yet, which means he hasn't yet received any Anglo American shares subject to that award at all.
Matt understands that overall, the demerger of Anglo American Platinum will not impact his 2024 award, or the unvested part of his 2023 award. This is because he doesn't yet own these Anglo American shares so he will not receive the distribution.
When Anglo American shares are consolidated following the distribution the number of Anglo American shares subject to his NCA award will remain the same.
However, the vested shares he holds under his 2022 and 2023 awards will participate in the demerger and share consolidation. He therefore visits the Employee Shareholder page to see what the demerger and consolidation mean for him.
Perguntas e Respostas
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, pursuant to which they hold shares
It does not impact:
- Employees who hold unvested NCA conditional awards and other unvested conditional awards
Subject to shareholder approval at the AGM on 30 April, the demerger is expected to take place on 30 May 2025.
Anglo American Platinum 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.
We will consolidate the Anglo American shares following the demerger. However, the consolidation will not impact your unvested NCA conditional awards.
If you hold vested shares under your NCA conditional awards or forfeitable shares, you should receive your Platinum shares (or cash if you have elected to sell them) in the weeks following the demerger. Your vested shares will also be subject to the consolidation and 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 the Anglo American shares, in order to maintain broad comparability between the share price before and after the demerger.
The demerger of the Anglo American Platinum business will not affect your unvested NCA conditional awards.
Your NCA awards are "conditional awards". A "conditional award" is a right to receive Anglo American shares when the award vests. Therefore, you do not currently hold any Anglo American shares under your award, and you would instead receive the Anglo American shares when the award vests.
Because these are conditional awards rather than shares, they will not participate in the demerger and are not affected by either the distribution or the consolidation.
If you hold vested shares from your NCA conditional award(s), these will participate in the demerger. You can find what it means for you on the Employee Shareholder page.
The demerger will happen automatically, and you do not need to take any action in respect of your unvested NCA conditional awards.
If you hold vested shares under your NCA conditional award(s), please check the Employee Shareholder page for any actions. If you participate in any other Anglo American share plans, please see the respective share plan page(s).
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 your shareholding will remain broadly comparable.
The consolidation of Anglo American shares will become effective on 1 June 2025.
Because your unvested NCA conditional award will not participate in the distribution, the number of Anglo American shares subject to your unvested NCA conditional award will remain the same, with the intention that the total value of your unvested NCA conditional award after the demerger should be broadly comparable to the value before. However, external market factors may impact share price, which can go down as well as up.
If you hold vested shares under your NCA conditional awards or forfeitable shares, they will be subject to the consolidation and you should see this change in your administrator account and/or your personal broker account shortly after.
The consolidation will happen automatically, and you do not need to take any action in respect of your unvested NCA conditional awards.
If you hold vested shares under your NCA conditional award(s), please check the Employee Shareholder page for any actions. If you participate in any other Anglo American share plans, please see the respective share plan page(s).
Recursos
Links úteis
Access your share account
You can manage your award(s) through your share account on ShareHub.
This is where you go to:
- View details of your NCA
- Review the plan summary and plan rules
- Update your personal details
Tenha em mãos sua Nome de usuário e senha.
Essas informações estão disponíveis no seu e-mail de premiação.
Support
Contato
Em caso de outras dúvidas não respondidas acima, sobre a cisão da Platinum e como ela afeta seu prêmio, entre em contato em:
Contato Howells
Para dúvidas sobre o acesso à sua conta de ações,
entre em contato com a Howells.
websupport@howells-associates.com
+44 (0)1423 812 800
Please be aware that we are not able to provide any legal, financial or tax advice nor advice on your personal circumstances.
Aviso legal
- As informações incluídas neste site não constituem aconselhamento fiscal, financeiro, jurídico ou de investimentos, e não se destinam a ser uma descrição completa de todas as considerações legais, financeiras, fiscais ou outras que possam ser relevantes para a cisão e/ou consolidação de ações proposta.
- Em caso de dúvida sobre qualquer assunto, incluindo, entre outras, questões financeiras, tributárias e legais, mencionadas neste site ou sua aplicação às suas próprias circunstâncias específicas, recomendamos que você busque aconselhamento financeiro, tributário e jurídico independente de um consultor profissional independente devidamente autorizado.
- Nenhum membro do grupo Anglo American ou seus executivos, funcionários, indicados, agentes ou representantes está prestando a você aconselhamento financeiro, jurídico, de investimentos, tributário ou qualquer outro tipo de aconselhamento em relação aos planos de ações da Anglo American ou ao impacto da cisão e/ou consolidação de ações em seus prêmios e/ou ações.
- Recomenda-se que os acionistas da Anglo American leiam com atenção a circular para acionistas da Anglo American, que contém informações destinadas a todos os acionistas da Anglo American, incluindo os que possuem ou têm um interesse benéfico em ações da Anglo American por meio dos planos de ações da Anglo American.
- Consulte o prospecto da Platinum para obter informações relativas à Platinum e às ações da Platinum.
- Em caso de conflito entre qualquer informação neste site e a circular da Anglo American, a circular da Anglo American prevalecerá sobre este site.
- O valor das ações da Anglo American e da Platinum pode subir ou descer, e nada neste site se destina a servir como aconselhamento ou previsão sobre oscilações no preço das ações. É importante observar que os preços das ações da Anglo American e da Platinum podem ser maiores ou menores do que antes da distribuição e consolidação.
- Nenhum membro do grupo Anglo American ou seus executivos, funcionários, indicados, agentes ou representantes assume qualquer responsabilidade por perdas decorrentes da confiança em qualquer informação contida neste site.
- As referências a fontes ou links de terceiros são fornecidas apenas para conveniência, e não constituem endosso ou verificação do conteúdo.
- As informações fiscais incluídas neste site destinam-se apenas a servir como um guia geral sobre a legislação tributária vigente e as práticas publicadas pelas autoridades fiscais, conforme aplicadas na jurisdição mencionada nas informações fiscais em 8 de abril de 2025, estando ambas sujeitas a alterações a qualquer momento, possivelmente com efeito retroativo.
- As informações fiscais incluídas neste site aplicam-se apenas aos funcionários da Anglo American que possuem ações da Anglo American, fiscalmente residentes e domiciliados, e que trabalham exclusivamente na jurisdição na qual as informações fiscais são fornecidas durante todo o período de aquisição ou equivalente de qualquer concessão de ações da Anglo American durante todo o período fiscal em que ocorrer a cisão.
- É responsabilidade de cada funcionário garantir a conformidade com as regulamentações fiscais aplicáveis com base em suas circunstâncias pessoais.