Anglo American Platinum announces dividends and Demerger plans
Anglo American Platinum said Monday it will pay additional cash dividends before Demerger, which thinks it will become an independent company.
The additional dividends reach 59 South African rands ($3.21) per share, with payments totaling R15.7 billion. This amounts to R800 million in addition to shareholder payments in 2024.
If approved by shareholders at Anglo-American’s annual meeting in April, Anglo-American Platinum will be spun into standalone units in June. The company said on Monday it has a major list of the Johannesburg Stock Exchange and a secondary list in London.
Anglo-American intends to maintain a 19.9% ​​share in Anglo-American Platinum, Anglo-American CEO Duncan Wan Blood said in a news release Monday.
Anglo-American Platinum on Monday reported a 40% decline in profits from Monday, bringing full-year profits to 2024 at R8.4 billion. The decline in platinum prices in South Africa was quoted as promoting a decline.
Anglo-American stocks rose 0.4% in London time at 8:16am.
– Chloe Taylor
European Market: Opening Calls are as follows
The European market is scheduled to open in the mixed territory on Monday.
UK FTSE 100 The index is expected to be 1 point lower at 8,718 in Germany Dachshund France’s 22,513 rises 40 points CAC He rose 8 points in Italy with 8,181. ftse mib According to IG data, 19 points is lower at 38,044.
There were no major revenue or data releases on Monday.
– Holly Eliatt
