[miningmx.com] – ANGLOGOLD Ashanti’s proposed $2.1bn rights issue and de-merger was not a surprise for investors, said Business Times in an interview with the gold producer’s chairman, Sipho Pityana.
Asked if the company should have first consulted major shareholders regarding the proposal – which was turned down less than a week after it was first announced earlier this month – Pityana said: “That’s a big debate”.
“The important thing is that this was not a surprise, it was not something that was sprung on anybody. They [shareholders] reflected on it and they said that given market conditions, the capital raise certainly was not something they were prepared to consider at this stage,” he told the newspaper.
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