SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated November 13, 2006
Commission File Number 1-14846
AngloGold Ashanti Limited
(Translation of registrant’s name into English)
11 Diagonal Street
Johannesburg, 2001
(P.O. Box 62117, Marshalltown, 2107)
South Africa
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F
or Form 40-F.
Form 20-F X
Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1):
Yes
No X
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7):
Rule 101(b)(7):
Yes
No X
Indicate by check mark whether the registrant by furnishing the information contained in this Form is
also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes
No X
Enclosure: Press release
ANGLOGOLD ASHANTI – FINANCIAL EFFECTS, POSTING OF CIRCULAR
TO SHAREHOLDERS AND WITHDRAWAL OF CAUTIONARY
ANNOUNCEMENT
ANNOUNCEMENT
news release
AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485
Corporate Affairs Department: \ 16th Floor \ 11 Diagonal Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6261 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485
Corporate Affairs Department: \ 16th Floor \ 11 Diagonal Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6261 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
13 November 2006
FINANCIAL EFFECTS, POSTING OF CIRCULAR TO SHAREHOLDERS AND WITHDRAWAL OF
CAUTIONARY ANNOUNCEMENT
CAUTIONARY ANNOUNCEMENT
On 2 October 2006, AngloGold Ashanti Limited (“AngloGold Ashanti” or the “company”) announced the
imminent finalisation of a black economic empowerment transaction (“the transaction”) comprising an
employee share ownership plan and an empowerment transaction. The transaction is subject to, inter
alia, shareholder approval. Shareholders should refer to the aforementioned announcement for full
details of the transaction.
imminent finalisation of a black economic empowerment transaction (“the transaction”) comprising an
employee share ownership plan and an empowerment transaction. The transaction is subject to, inter
alia, shareholder approval. Shareholders should refer to the aforementioned announcement for full
details of the transaction.
The transaction has now been finalised and a circular convening a general meeting to be held on
Monday, 11 December 2006 at 11:00 South African time at the Country Club Johannesburg, Napier
Road, Auckland Park, South Africa, at which, shareholders will be asked to approve various
resolutions to give effect to the transaction was posted to shareholders today, Monday, 13 November
2006.
Monday, 11 December 2006 at 11:00 South African time at the Country Club Johannesburg, Napier
Road, Auckland Park, South Africa, at which, shareholders will be asked to approve various
resolutions to give effect to the transaction was posted to shareholders today, Monday, 13 November
2006.
The unaudited pro forma financial information is furnished pursuant to the requirements of the JSE
Limited.
Limited.
UNAUDITED PRO FORMA FINANCIAL INFORMATION RELATING TO ANGLOGOLD ASHANTI
The unaudited pro forma financial information of AngloGold Ashanti has been prepared in order to
show the effects of the issue of shares for cash to the trust that will be established to acquire and hold
the shares on behalf of eligible employees (“the trust”) and to Izingwe Holdings (Proprietary) Limited
(“Izingwe”) (collectively, “the issue”), assuming that the issue took place to its full extent on 1 January
2006 for purposes of the income statement for the nine month period ended 30 September 2006 and
as at 30 September 2006 for purposes of the balance sheet. The pro forma financial information is the
responsibility of the directors of AngloGold Ashanti and has been prepared for illustrative purposes
only and may not, because of its nature, fairly present the AngloGold’s financial position, changes in
equity, results of operations or cash flows. It does not purport to be indicative of what the results or
financial results would have been if the issue had actually occurred at an earlier date.
show the effects of the issue of shares for cash to the trust that will be established to acquire and hold
the shares on behalf of eligible employees (“the trust”) and to Izingwe Holdings (Proprietary) Limited
(“Izingwe”) (collectively, “the issue”), assuming that the issue took place to its full extent on 1 January
2006 for purposes of the income statement for the nine month period ended 30 September 2006 and
as at 30 September 2006 for purposes of the balance sheet. The pro forma financial information is the
responsibility of the directors of AngloGold Ashanti and has been prepared for illustrative purposes
only and may not, because of its nature, fairly present the AngloGold’s financial position, changes in
equity, results of operations or cash flows. It does not purport to be indicative of what the results or
financial results would have been if the issue had actually occurred at an earlier date.
Unaudited pro forma per share information for the nine-month period ended 30 September 2006
The pro forma historical financial effects of the issue have been extracted from the circular and are as follows:
For the nine-month period ended 30 September
2006
2006
Before the
issue
After the issue
Movement
%
Net asset value per share
1
US cents
1,061
1,041
(1.89)
Net tangible asset value per share
1
US
cents
914
897
(1.86)
Cash gross profit per share
2
US
cents
449
440
(2.00)
Basic earnings per share
3
US
cents
10
(1)
(110.00)
Diluted earnings per share
4
US
cents
10
(1)
(110.00)
Headline earnings per share
5
US
cents
9
(2)
(122.22)
Headline earnings adjusted for the effect of
unrealised non-hedge derivatives, fair value
adjustment on convertible bonds and interest rate
swap per share
unrealised non-hedge derivatives, fair value
adjustment on convertible bonds and interest rate
swap per share
6
US
cents
135
122
(9.63)
Weighted average number of shares in issue
7
271,588,698
275,518,698
1.45
Weighted average diluted number of shares in issue
8
271,713,372
275,643,372
1.45
Number of shares in issue
9
275,258,118
280,498,118
1.90
Net debt to net capital employed
10
18.7%
18.7%
In this pro forma financial information, unless otherwise indicated, “shares” refers to AngloGold Ashanti ordinary shares.
2
Notes:
1.
Net asset value per share is computed by dividing total equity by the number of shares in issue. Net tangible asset value per share is
computed by dividing total equity (excluding intangible assets) by the number of shares in issue.
2.
The cash gross profit per share computation has been based on the weighted average number of shares in issue.
3.
Basic earnings per share are computed by dividing net earnings by the weighted average number of shares in issue.
4.
The diluted earnings per share are computed by dividing net earnings by the weighted average diluted number of shares in issue.
5.
Headline earnings remove items of a capital nature from the calculation of earnings per share. Headline earnings per share are computed
by dividing headline earnings by the weighted average number of shares in issue.
by dividing headline earnings by the weighted average number of shares in issue.
6.
Headline earnings adjusted for the effect of unrealised non-hedge derivatives, fair value adjustment on convertible bonds and interest
rate swaps divided by the weighted average number of shares in issue.
7.
The weighted average number of shares in issue was 271,588,698 for the nine month period ended 30 September 2006 and as a result
of the issuance of 5,240,000 shares (comprising 960,000 ordinary shares and 2,880,000 e ordinary shares to the trust and 1,400,000
E ordinary shares to Izingwe), the weighted average number of shares in issue for that period would have been 275,518,698.
E ordinary shares to Izingwe), the weighted average number of shares in issue for that period would have been 275,518,698.
8.
The weighted average diluted number of shares in issue was 271,713,372 for the nine month period ended 30 September 2006 and as a
result of the issuance of 5,240,000 AngloGold Ashanti shares, the weighted average diluted number of shares in issue for that period
would have been 275,643,372. The weighted average diluted number of shares in issue for the period ended 30 September does not
assume the effect of 15,384,615 shares issuable upon the conversion of the convertible bonds, as their effects are anti-dilutive.
result of the issuance of 5,240,000 AngloGold Ashanti shares, the weighted average diluted number of shares in issue for that period
would have been 275,643,372. The weighted average diluted number of shares in issue for the period ended 30 September does not
assume the effect of 15,384,615 shares issuable upon the conversion of the convertible bonds, as their effects are anti-dilutive.
9.
The number of shares in issue as at 30 September 2006 was 275,258,118 and, as a result of the issue, the number of shares in issue as
at that date would have been 280,498,118. This assumes that all the E shares will convert to ordinary shares.
at that date would have been 280,498,118. This assumes that all the E shares will convert to ordinary shares.
10.
Net debt includes both long-term and short-term debt and is net of cash. Net capital employed is calculated as shareholders’ equity
adjusted for other comprehensive income and deferred taxation, plus minority interests, interest bearing debt, less cash.
WITHDRAWAL OF CAUTIONARY ANNOUCEMENT
Shareholders are advised that the cautionary announcement made on 2 October 2006 is hereby
withdrawn.
An electronic copy of the circular is available from the company’s website at
www.anglogoldashanti.com
and printed copies are available, on request, from The Company
Secretary, AngloGold Ashanti Limited, P O Box 62117, Marshalltown, 2107, Fax +27 11 637 6677 or
from the contacts listed below.
ENDS
from the contacts listed below.
ENDS
Queries
South Africa
South Africa
Tel:
Mobile:
E-mail:
Alan Fine
+27 (0) 11 637 6383
+27 (0) 83 250 0757
afine@AngloGoldAshanti.com
Cheryl Landman
+27 (0) 11 6376317
+27 (0) 82 774 5097
cjlandman@AngloGoldAshanti.com
Disclaimer
Except for historical information contained herein, there are matters discussed in this news release that are forward-looking statements. Such
statements are only predictions and actual events or results may differ materially. For discussion of important factors including, but not limited to
development of the Company’s business the economic outlook in the gold mining industry, expectations regarding gold prices and production, and
other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company’s annual report on the
Form 20-F for the year ended 31 December 2005, dated 17 March 2006 and which was filed with the Securities and Exchange Commission (SEC) on
20 March 2006. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect
events or circumstances after today’s date or to reflect the occurrence of unanticipated events.
statements are only predictions and actual events or results may differ materially. For discussion of important factors including, but not limited to
development of the Company’s business the economic outlook in the gold mining industry, expectations regarding gold prices and production, and
other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company’s annual report on the
Form 20-F for the year ended 31 December 2005, dated 17 March 2006 and which was filed with the Securities and Exchange Commission (SEC) on
20 March 2006. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect
events or circumstances after today’s date or to reflect the occurrence of unanticipated events.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized.
AngloGold Ashanti Limited
Date: November 13, 2006
By:
/s/ C R Bull
Name: C R Bull
Title: Company
Secretary