Anglo American plc has announced the completion of its demerger of approximately 51% of its interest in Valterra Platinum Limited, formerly known as Anglo American Platinum Limited. This move, approved by shareholders on April 30, 2025, took effect on May 31, 2025. The associated share consolidation became effective on June 1, 2025.
The company’s new ordinary shares are now listed on the equity shares segment of the Official List of the Financial Conduct Authority and trading on the London Stock Exchange’s Main Market. Simultaneously, Valterra Platinum’s shares have been admitted to the same listing segment under the ticker symbol “VALT,” alongside its primary listing on the Johannesburg Stock Exchange with the share code “VAL.”
Duncan Wanblad, Chief Executive of Anglo American, commented: “This is an important moment for both Anglo American and Valterra Platinum. For Anglo American, this is a major step in our plan to unlock the inherent value in our portfolio as a whole, with enhanced focus on our world-class positions in copper, premium iron ore and crop nutrients. Valterra Platinum has been a major part of the Company for many years but now is the right time for it to optimise its value creation prospects on an independent path – it’s an outstanding business and team and I have every confidence that Valterra Platinum will thrive as a leader in the global platinum group metals industry.”
Post-demerger, Anglo American retains approximately 19.9% of Valterra Platinum and plans to maintain this stake for at least 90 days following the demerger.
Further details about this corporate action can be found in a shareholder circular published on April 8, 2025. Shareholders are encouraged to review this document thoroughly.
In accordance with UK Financial Conduct Authority regulations, it was reported that as of May 30, 2025, Anglo American’s issued share capital consisted of over one billion ordinary shares. Following consolidation effective June 1, this number was adjusted to approximately 1.18 billion shares.
This update may assist shareholders in determining notification obligations under relevant financial regulations.
