AngloGold Ashanti has asked is shareholders to approve a resolution for a five-year term, share buyback programme.
AngloGold Ashanti on Monday asked its shareholders to support a resolution for the group to buy back some R32 billion of its shares over five years, which will be tabled at its annual meeting to be held on July 23, 2026, as some shareholders have indicated they will not support it.
The mining group said in a statement several proxy advisory services have issued voting reports about the resolution, including Glass Lewis & Co and Institutional Shareholder Services (ISS). While Glass Lewis recommended a "for" vote, ISS recommended voting against the resolution.
AngloGold's directors said that although it was incorporated in the UK, it is a global gold producer with its primary listing on the New York Stock Exchange, membership in the Russell 3000 Index, and its global headquarters in Denver, Colorado.
In addition, its shares are not listed on the London Stock Exchange.
