REG - Valterra Platinum - Completion of demerger and London listing

Anglo AmericanAnnouncement

02/06/2025 09:30

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RNS Number : 9759K  Valterra Platinum Limited  02 June 2025

Valterra Platinum Limited

(previously Anglo American Platinum Limited)

(Incorporated in the Republic of South Africa)

(Registration number: 1946/022452/06)

JSE Share Code: VAL

LSE Share Code: VALT

ISIN: ZAE000013181

("the Company" or "Valterra Platinum")

 

2 June 2025

 

Valterra Platinum Limited - Completion of demerger and London listing

 

Shareholders are referred to the announcement by Anglo American plc (Anglo
American) announcing that it has completed the demerger of 51% of Anglo
American's interest in Valterra Platinum Limited (the Company or Valterra
Platinum), which took effect on Saturday 31 May 2025.

 

Valterra Platinum also announces that its entire issued share capital,
consisting of 265,292,206 ordinary shares, has today been admitted to the
Equity Shares (International Commercial Companies Secondary Listing) category
of the Official List of the Financial Conduct Authority and to trading on the
London Stock Exchange's Main Market for listed securities under the ticker
symbol "VALT". This listing is alongside Valterra Platinum's existing primary
listing on the Johannesburg Stock Exchange with the share code "VAL" and ISIN
ZAE000013181.

 

Craig Miller, CEO of Valterra Platinum said "Today marks a significant
milestone as Valterra Platinum joins the main market of the London Stock
Exchange, complementing our primary listing in Johannesburg. Our secondary
listing is a pivotal step in our evolution as a stand-alone, platinum group
metals business. Not only does this listing broaden our shareholder base and
access to our world-class assets but it also underscores our commitment to
long-term value creation for the benefit of all our stakeholders. I welcome
all our new shareholders and look forward to the future with real excitement.
Our industry-leading resource base, competitive cost position and integrated
processing capacity ideally positions us to make the most of the PGM industry,
where there is a strong case for enduring demand. As a team, we're committed
to making the most of the opportunities that lie ahead and creating
significant and sustainable value for all our stakeholders."

 

For further information please contact:

 

Investors:

Theto
Maake

theto.maake@valterraplatinum.com

 

Marcela Grochowina

marcela.grochowina@valterraplatinum.com

 

Media:

Cindy Maneveld

cindy.maneveld@valterraplatinum.com

 

About Valterra Platinum

Valterra Platinum Limited is one of the world's leading integrated producers
of platinum group metals (PGMs) with a primary listing on the Johannesburg
Stock Exchange and a secondary listing on the London Stock Exchange.  With a
portfolio of outstanding long-life mines and proven processing assets, we
responsibly and safely mine precious metals and associated co-products from
our rich mineral resource endowment and process the PGMs and co-products at
our smelting and refining operations located in South Africa and Zimbabwe. Our
fully integrated value chain is supported by marketing hubs in London,
Singapore and Shanghai to deliver tailored solutions for our customers. The
Company will continue to be disciplined in its capital allocation, integrating
sustainability into everything it does, to support the company's investment in
its mining and processing capabilities, market development activities to grow
and commercialise new demand segments, continue to make a meaningful
difference to the development of the communities around our operations and
return consistent and superior returns to shareholders. Valterra Platinum is
committed to zero harm, capital allocation discipline and delivering on our
value-accretive strategic priorities as a standalone, leading integrated PGM
producer, guided by our purpose of unearthing value to better our world.

 

Disclaimer

 

The Company makes no representation or warranty as to the appropriateness,
accuracy, completeness or reliability of the information in this announcement.

 

This announcement is for information purposes only and is not intended to and
does not constitute or form part of any offer or invitation to purchase,
otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any
solicitation of any offer to sell, otherwise dispose of, issue, purchase,
otherwise acquire or subscribe for, any security. No offer of shares will be
made as part of the demerger of the Company from the Anglo American Group (the
Demerger) or in connection with the admission of the Company's ordinary shares
(Admission) to the Equity Shares (International Commercial Companies Secondary
Listing) category of the Official List of the Financial Conduct Authority
(FCA) and to trading on the LSE's Main Market for listed securities and the
prospectus published by the Company on 8 April 2025 (the Prospectus) was
published solely in connection with the Demerger and Admission.

 

The securities of the Company have not been and will not be registered under
the U.S. Securities Act of 1933, as amended, and neither the Anglo American
Group nor the Company intend to make a public offer of securities in the
United States.

 

 

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