AngloGold Ashanti Executives Address Tax Liabilities with Structured Securities Transactions

Strategic Insights -

AngloGold Ashanti executives, Stewart Bailey and Lizelle Marwick, have taken part in recent securities transactions to address tax liabilities from 2023 Deferred Share Plans (DSP) awards. Bailey, as Executive Director, received 41,737 ordinary shares at no cost under the DSP and subsequently sold the entire allotment on the market. Marwick, an Executive Officer, also received 79,534 ordinary shares under the DSP, selling a portion on the Johannesburg Stock Exchange (JSE) and New York Stock Exchange (NYSE) to meet tax obligations.

Key Takeaways:

  • Stewart Bailey, Executive Director, received 41,737 ordinary shares under the 2023 DSP, selling the entire allotment on the market at R800.6297 per share, resulting in a total transaction value of R33.42 million.
  • Lizelle Marwick, Executive Officer, received 79,534 ordinary shares under the 2023 DSP, selling a portion on the JSE at R800.6297 per share, amounting to R38.52 million, and an additional portion on the NYSE at US$45.5225 per share, generating US$170,982.51.
  • These transactions were undertaken with a direct and beneficial interest in the company's shares.
  • The dealings in securities by AngloGold Ashanti's executives are part of routine activities to manage their financial obligations arising from the DSP awards.
  • The company maintains transparency in its securities dealings through regular disclosures to both the JSE and NYSE.
  • Stewart Bailey and Lizelle Marwick are both key executives at AngloGold Ashanti, with Bailey serving as Executive Director and Marwick as Executive Officer.

Statistics:

  • 41,737 ordinary shares were received by Stewart Bailey under the 2023 DSP.
  • The shares received by Bailey were sold in their entirety on the market at R800.6297 per share.
  • The total transaction value of Bailey's sale was R33.42 million.
  • 79,534 ordinary shares were received by Lizelle Marwick under the 2023 DSP.
  • Marwick sold 48,118 shares on the JSE at R800.6297 per share, amounting to R38.52 million.
  • Marwick sold an additional 3,756 shares on the NYSE at US$45.5225 per share, generating US$170,982.51.
  • The transactions resulted in a total value of R68.94 million for Marwick's sales on both the JSE and NYSE.

Sources:

  • Johannesburg Stock Exchange
  • AngloGold Ashanti plc press release