AngloGold Ashanti (NYSE: AU) updates Ghana dividend exchange details
Rhea-AI Filing Summary
AngloGold Ashanti plc filed an amended foreign issuer report to correct a clerical error in the description of how a distribution of 72 US cents per ordinary share for holders on the Ghana sub-register and GhDSs is converted into Ghanaian cedis.
The corrected text explains that, assuming an exchange rate of US$1/ ¢11.6600, the gross dividend payable per share is approximately ¢8.3952 Ghanaian cedis, while noting that the actual amount will depend on the exchange rate on the currency conversion date.
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Key Figures
Dividend per ordinary share: 72 US cents per ordinary share
Illustrative exchange rate: US$1/ ¢11.6600
Estimated gross dividend per share: ¢8.3952 Ghanaian cedis
3 metrics
Dividend per ordinary share
72 US cents per ordinary share
Distribution referenced for Ghana sub-register and GhDS holders
Illustrative exchange rate
US$1/ ¢11.6600
Rate assumed to estimate the Ghanaian cedi dividend
Estimated gross dividend per share
¢8.3952 Ghanaian cedis
Approximate cedi amount per share at the illustrative exchange rate
Key Terms
Form 6-K, Ghana sub-register, GhDSs, gross dividend
4 terms
Form 6-K regulatory
"furnished a report on Form 6-K with the enclosure entitled"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
Ghana sub-register financial
"Beneficial owners on the Ghana sub-register holding shares and"
GhDSs financial
"holding shares and beneficial owners holding GhDSs are advised"
gross dividend financial
"the gross dividend payable per share, is equivalent to ca."
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FAQ
What does AngloGold Ashanti (AU) change in this Form 6-K/A amendment?
AngloGold Ashanti (AU) corrects a clerical error in the description of how a per-share distribution for Ghana shareholders is converted into Ghanaian cedis, without changing the underlying dividend terms or any other previously furnished disclosures.
How is AngloGold Ashanti’s (AU) dividend converted to Ghanaian cedis in the example?
Using an illustrative exchange rate of US$1/ ¢11.6600, the gross dividend of 72 US cents per share is estimated at about ¢8.3952 Ghanaian cedis per share, while emphasizing that the final cedi amount depends on the actual conversion-date rate.
Does this AngloGold Ashanti (AU) amendment change any earnings or financial results?
No. The amendment states it is filed solely to correct a clerical error in one dividend-related paragraph. It makes no modifications, updates, or other changes to any earnings figures or broader financial disclosures previously furnished.
Which AngloGold Ashanti (AU) investors are affected by the clarified dividend wording?
The clarification applies to beneficial owners on the Ghana sub-register holding shares and beneficial owners holding GhDSs, since their 72 US cent per-share distribution is paid in Ghanaian cedis based on the applicable foreign-exchange rate.
Will AngloGold Ashanti (AU) use the exact rate of ¢11.6600 per US$1 to pay the dividend?
No. The company uses ¢11.6600 per US$1 only as an example to illustrate the calculation. It notes that the actual gross dividend in Ghanaian cedis will depend on the exchange rate on the specific date chosen for currency conversion.