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LONDON - Anglo American (JO:AGLJ) plc has announced the results of its Dividend Reinvestment Plan (DRIP) for the 2024 final dividend. The mining giant reported that a portion of its shareholders elected to receive their final dividend in the form of shares rather than cash, in line with the DRIP option provided.
The original notice, issued on February 20, 2025, detailed the final dividend approved by the board for the year ending December 31, 2024, and introduced the DRIP as an alternative to the traditional cash payout scheduled for May 7, 2025. Eligible shareholders had until April 11, 2025, in the United Kingdom (TADAWUL:4280) and Botswana, and April 15, 2025, in South Africa to make their election.
According to the company, UK shareholders holding 1.77% of the issued share capital opted into the DRIP, resulting in the market purchase and allocation of 183,795 shares at an average price of £20.944 per share. In South Africa, holders of 0.89% of the issued share capital participated, leading to the acquisition and delivery of 87,596 shares at an average of ZAR 501.0707 each. Botswanan shareholders did not participate in the DRIP this time around.
The shares distributed to shareholders through the DRIP were sourced from the market and not through new share issuance. Following the DRIP settlements, Anglo American’s total issued share capital stands at 1,337,577,913 ordinary shares, with no treasury shares held.
This move reflects a continued interest among investors in reinvesting their dividends back into the company, a choice that can reflect confidence in the company’s long-term prospects. The DRIP allows shareholders to increase their stake in the company without incurring transaction costs typically associated with buying shares on the open market.
The information provided in this article is based on a press release statement from Anglo American plc, dated May 22, 2025.
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