AngloGold Ashanti’s Corporate Restructuring and Change to Domicile and Primary Listing Location

On May 12, 2023, AngloGold Ashanti, an independent, global gold mining company, announced that it has undertaken a comprehensive review of its domicile and listing structure and concluded that the most appropriate structure for AngloGold Ashanti Group is a UK corporate domicile with a U.S. primary listing on the New York Stock Exchange (“NYSE”) and secondary listings on the Johannesburg Stock Exchange (“JSE”) and A2X Markets (“A2X”) in South Africa and on the Ghana Stock Exchange (“GhSE”) in Ghana. Cravath is representing AngloGold Ashanti as U.S. counsel in connection with this matter.

The Cravath team is led by partner George A. Stephanakis and includes European counsel Virginie Marier and associates Emma C. Ireland, Maurice Temming, Solomon A. Akesseh, Mayssa Khattar, Erika T.J. Carter, Kristina B. Klem and Apollonia Persianis on M&A matters; partner Christopher K. Fargo on tax matters; partner Matthew J. Bobby, practice area attorney Courtnii Lamar and associates Jana I. Hymowitz and Chris S. Moon on executive compensation and benefits matters; partners Michael L. Arnold and Kimberley S. Drexler and associate Zachary B. Ramirez-Brunner on corporate governance matters; and senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters. Tristan Baylor also worked on tax matters.