AFRICAN BARRICK GOLD PLC: Completion of Placing by Barrick Gold Corporation
11 March 2014
African Barrick Gold plc (the "Company" or "ABG")
Completion of Placing by Barrick Gold Corporation
ABG notes the announcement by Barrick Gold Corporation ("Barrick") that it has
completed the sale of 41 million shares, representing 10% of the issued share
capital of ABG, and has entered into a lock-up agreement for its remaining
holding for the next 120 days. This transaction is consistent with Barrick's
ongoing portfolio optimisation strategy. Following the transaction, Barrick's
holding in ABG is reduced to 63.9%.
Commenting, Brad Gordon, CEO of African Barrick Gold said "This is a positive
step by Barrick which significantly increases our free float. The placing is a
reflection of the increased interest in the business as a result of the
progress we are making as we continue to drive improved operational delivery
from our high quality asset base."
For further information contact:
African Barrick Gold plc +44 20 7129 7150
Andrew Wray, Chief Financial Officer
Giles Blackham, Investor Relations Manager
Bell Pottinger +44 207 861 3800
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