Centamin Stock Price, News & Analysis

Centamin PLC has received a notification of major holdings from Barclays PLC. The notification indicates that Barclays has crossed a threshold on October 28, 2024, reaching a 10.17% total holding position in Centamin. This consists of 10.14% voting rights attached to shares (117,745,240 shares) and 0.03% through financial instruments. The position represents an increase from their previous notification of 10.07%. The holdings are primarily managed through Barclays Capital Securities and Barclays Investment Solutions

Barclays PLC has reported a change in its holdings of Centamin PLC shares, crossing a threshold on October 25, 2024. The notification details show Barclays now holds a 10.07% total position, consisting of 10.04% in direct voting rights (116,539,499 shares) and 0.03% through financial instruments. The majority of the holding is through Barclays Capital Securities , which controls 10.01% of the total voting rights.

Centamin PLC announced a major holdings notification regarding Barclays PLC's increased stake in the company. The notification reveals that Barclays crossed a significant threshold on October 24, 2024, reaching a 10.05% total position in Centamin, consisting of 10.02% voting rights attached to shares and 0.03% through financial instruments. This represents a substantial increase from their previous position of 5.20%. The total number of voting rights held amounts to 116,642,258 shares.

Centamin announced the successful results of its Court Meeting and General Meeting held on October 28, 2024, regarding the recommended acquisition by AngloGold Ashanti. At the Court Meeting, 98.08% of voting Scheme Shareholders approved the resolution, representing 62.50% of eligible shares. At the General Meeting, 98.22% of shareholders voted in favor of the Special Resolution. The transaction remains subject to final court sanction, expected on November 20, 2024. The Scheme is anticipated to become effective on November 22, 2024, followed by the suspension of Centamin shares trading on LSE and subsequent delisting from both LSE and Toronto Stock Exchange.

Centamin and AngloGold Ashanti have announced that the Egyptian Competition Authority has approved their proposed acquisition. The acquisition, structured as a court-sanctioned scheme of arrangement under Jersey Companies Law, was first agreed upon on September 10, 2024. The approval satisfies one of the key conditions for the transaction, as outlined in the Scheme Document published on September 30, 2024. Completion of the transaction is still subject to other conditions, including the sanction of the Scheme by the Jersey Court. The timetable for the transaction remains unchanged, and any updates will be announced through Centamin's website.

Centamin announced the publication of a Scheme Document related to its acquisition by AngloGold Ashanti. This transaction, agreed upon on September 10, 2024, will be implemented through a court-sanctioned scheme of arrangement under Jersey law. The Scheme Document, sent to Centamin shareholders, includes terms and conditions, an explanatory statement, meeting notices, and an action plan for shareholders.

Key meetings for approval are scheduled for October 28, 2024. The Scheme requires the approval of Centamin shareholders and the Jersey Court. If approved, the transaction is expected to be effective in Q4 2024. Centamin directors, advised by BofA Securities and BMO, unanimously recommend voting in favor of the Scheme.

Shareholders are urged to submit proxy appointments promptly. The Scheme Document and related materials are available on Centamin's and AngloGold Ashanti's websites and other specified platforms. For assistance, shareholders can contact Computershare.

Centamin PLC has announced a notification of major holding. Barclays PLC has reported crossing a threshold on September 23, 2024, with a total position of 5.00000% in Centamin PLC. This includes 4.950000% of voting rights attached to shares and 0.050000% through financial instruments. The total number of voting rights held is 58,099,987.

The breakdown of the holding includes 57,454,292 indirect voting rights attached to shares, as well as financial instruments such as Right to Recall, Equity Swaps, CFDs, and Portfolio Swaps. Barclays Capital Securities holds the majority of the position, with 4.890000% of voting rights.

Centamin PLC (CELTF) has announced a notification of major holdings. BlackRock, Inc. has crossed the 5% threshold in its shareholding of Centamin on September 17, 2024. The resulting situation shows BlackRock holding 5.14% of total voting rights in Centamin, consisting of:

- 4.21% voting rights attached to shares
- 0.48% voting rights through financial instruments (securities lending)
- 0.45% voting rights through financial instruments with similar economic effect (CFDs)

The total number of voting rights held by BlackRock in Centamin is 59,880,299. This notification was made due to an acquisition or disposal of financial instruments.

Centamin PLC has announced director/PDMR shareholding changes under its Remuneration Policy and Incentive Plan. Performance-based awards of ordinary shares were granted to key executives:

- CEO Martin Horgan: 751,200 shares
- CFO Ross Jerrard: 599,700 shares
- Country Manager (Egypt) Amr Hassouna: 384,500 shares

These awards are subject to performance conditions and will partially or fully vest after three years on September 11, 2027, followed by a two-year holding period. The plan aims to align executive remuneration with shareholder interests and long-term company performance. Recipients must typically be employed by Centamin at the time of vesting.