REG - Anglo American PLC - Anglo American Platinum commits to venture capital

Anglo AmericanAnnouncement

17/07/2018 08:00

RNS Number : 8064U
Anglo American PLC
17 July 2018
 





17 July 2018




Anglo American Platinum commits to venture capital funds focused on increasing demand for PGMs




 



Anglo American plc's 78% owned subsidiary, Anglo American Platinum Limited ("Anglo American Platinum"), announced today that its subsidiary, Anglo Platinum Marketing Limited ("APML"), has subscribed for interests in two UK based venture capital funds (the "Funds"), with a total aggregate commitment of $100 million. Anglo American Platinum's commitment to the Funds is matched by a $100 million commitment from South Africa's Government Employees Pension Fund represented by the Public Investment Corporation SOC Ltd (the "PIC").
 
The Funds will be managed through an independent fund management business, AP Ventures LLP, led by two experienced former APML executives. The Funds have been established to invest globally in companies which support the development of innovative and competitive technological uses of platinum group metals ("PGMs").
 
The first Fund will hold certain of APML's existing investments which have been made under APML's PGM investment programme. The second Fund will be established to make new investments.
 
Anglo American Platinum issued an announcement this morning to the Johannesburg Stock Exchange which is available on the Anglo American Platinum website via link.
 
This transaction is a smaller related party transaction under UK Listing Authority ("UKLA") Listing Rule 11, as the PIC is a substantial shareholder in Anglo American plc. The transaction is therefore subject to the requirements of UKLA Listing Rule 11.1.10R.
 
 
For further information, please contact:
 



Media


 


Investors




UK
James Wyatt-Tilby
james.wyatt-tilby@angloamerican.com
Tel: +44 (0)20 7968 8759
 
Marcelo Esquivel
marcelo.esquivel@angloamerican.com
Tel: +44 (0)20 7968 8891
 
South Africa
Pranill Ramchander
pranill.ramchander@angloamerican.com
Tel: +27 (0)11 638 2592
 
Ann Farndell
ann.farndell@angloamerican.com
Tel: +27 (0)11 638 2786


 


UK
Paul Galloway
paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8718
 
Robert Greenberg
robert.greenberg@angloamerican.com
Tel: +44 (0)20 7968 2124
 
Sheena Jethwa
sheena.jethwa@angloamerican.com
Tel: +44 (0)20 7968 8680




 


 


 




 


 


 



 
 
Notes to editors:
 
Anglo American is a global diversified mining business and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive mining operations and undeveloped resources provides the metals and minerals to meet the growing consumer-driven demands of the world's developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and mine, process, move and market our products to our customers around the world.
 
As a responsible miner - of diamonds (through De Beers), copper, platinum and other precious metals, iron ore, coal and nickel - we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the sustainable value that those resources represent for our shareholders, the communities and countries in which we operate and for society at large. Anglo American is re-imagining mining to improve people's lives.
www.angloamerican.com
 
     

 
Legal Entity Identifier: 549300S9XF92D1X8ME43




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