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AngloGold Releases Formal Takeover Documents.


Business Editors

JOHANNESBURG--(BUSINESS WIRE)--Oct. 17, 2001

AngloGold Limited (NYSE NYSE

See: New York Stock Exchange
: AU) today lodged its formal Offer Documents and Shareholder Circular in respect of its offer for Normandy Mining Ltd with the relevant regulatory authorities.

In Johannesburg, the Circular to Shareholders was submitted to the Johannesburg Securities Exchange (JSE JSE

See: Johannesburg Stock Exchange
) for approval. Following the approval of the JSE, the circular will be posted to AngloGold shareholders later this month and a shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation.  has been scheduled for November 19, 2001.

In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the F4 Registration Statement - the document required for the offer to be made to all shareholders located in the US - was filed with the US Securities and Exchange Commission. This document has also been filed with the Australian Securities and Investment Commission (ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. ) in Australia and will be available to Normandy shareholders located outside the United States on request. The offer will be opened to Normandy shareholders located in the US only upon the US Securities and Exchange Commission declaring the F4 Registration Statement effective.

In Australia, the formal Bidder's Statement detailing the offer for Normandy Mining Ltd was lodged with the ASIC and served on Normandy Mining. A copy has already been sent to the Australian Stock Exchange Australian Stock Exchange (ASX)

Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987.
 (ASX ASX

See: Australian Stock Exchange
).

The Bidder's Statement will be dispatched to Normandy shareholders at the end of October. The offer will remain open until December 14, 2001.

The Bidder's Statement explains a number of features of interest to Normandy retail shareholders.

Last week AngloGold announced a ten-for-one split of its CDIs in Australia to make the share more accessible to retail shareholders and to enhance trading liquidity on the ASX.

The Bidder's Statement also includes details about a top-up facility as part of its commitment to building a long-term retail investor Retail Investor

Individual investors who buy and sell securities for their personal account, and not for another company or organization.

Notes:
Retail investors buy in much smaller quantities than larger institutional investors.
 base and to further promote liquidity in Australia.

The Company is proposing to offer accepting Normandy shareholders, other than those in the US, the opportunity to subscribe for additional AngloGold shares (to be registered in the form of CDIs) at a 7.5% discount to market prices. The top-up facility will allow subscriptions of up to A$5,000 with a minimum subscription level of A$2,500.

AngloGold believes this will be the first time such a facility has been provided in Australia in conjunction with a takeover offer. No brokerage or other costs will be payable by Normandy shareholders.

The facility will be subject to the approval of the South African Reserve Bank The South African Reserve Bank is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920," as a direct result of the abnormal monetary and financial conditions which World War I had brought. .

AngloGold has received notification from the Australian Foreign Investment Review Board that the application for approval of the transaction has been deferred, pending the release of the Bidder's Statement.

It is anticipated that the transaction will be approved in due course.

Holders of Normandy shares and Normandy ADSs located in the United States are strongly advised to read the F4 registration statement regarding the offer referred to in this press release and other documents to be filed with the US Securities and Exchange Commission when they become available, because they will contain important information. Holders of Normandy shares and Normandy ADSs may read and copy these statements, when available, at the US Securities and Exchange Commission's public reference rooms. Please call the US Securities and Exchange Commission at 1-800-SEC-0330 for further information on the public reference rooms. These US Securities and Exchange Commission filings are also available to the public from commercial document retrieval The ability to search for documents by keywords and other attributes such as date and author. It implies that the documents have been indexed on all pertinent fields and that keywords have been chosen based upon title and textual content. See document imaging and document management system.  services.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 17, 2001
Words:560
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