Ashanti Goldields Company Limited Issues Statement.Business Editors ACCRA Accra (əkrä`, ăk`rə), city (1984 pop. 867,459), capital of Ghana, a port on the Gulf of Guinea. It is Ghana's largest city and its administrative, communications, and economic center. , Ghana--(BUSINESS WIRE)--June 13, 2003 On 16 May 2003, Ashanti Ashanti (äshän`tē) or Asante (äsän`tē), historic and modern administrative region, central Ghana, W Africa. The region is the source of much of Ghana's cocoa. Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. Company Limited ("Ashanti") announced that its board was in discussions with the board of AngloGold Limited ("AngloGold") regarding a proposed merger of the two companies at a ratio of 26 AngloGold shares for every 100 Ashanti ordinary shares or global depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. securities. The announcement further stated that discussions were taking place with certain stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. . Ashanti has been notified that the Government of Ghana is to hold consultations and take appropriate professional advice in considering the proposed merger. Ashanti welcomes this development as an important step forward in the discussions with key stakeholders. Shareholders are reminded that there can be no assurance that a definitive agreement between Ashanti and AngloGold will be reached and a further announcement will be made when appropriate. Consequently, shareholders of Ashanti are advised to exercise caution when dealing in the relevant securities until a further announcement is made. Certain statements in this announcement are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. Although Ashanti believes that the expectations reflected in such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are reasonable, no assurance can be given that such expectations will prove to have been correct. For a discussion of the important factors and risks involved in Ashanti's business refer to Ashanti's filings with the U.S. Securities and Exchange Commission (the "Commission"), including Ashanti's amended annual report on Form 20-F/A for the year ended 31 December 2001, filed with the Commission on 27 January 2003. Ashanti does not undertake any obligation to update publicly or release any revisions to publicly update any forward looking statements discussed in this announcement, whether as a result of new information, future events or otherwise. A copy of this release is available at http://www.ashantigold.com/releases.htm |
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