African Barrick Gold logo
LONDON / DAR ES SALAAM,
ABG is pleased to announce that it has received the approval from the Capital Markets & Securities Authority of Tanzania (“CMSA”) and the Dar es Salaam Stock Exchange (“DSE”) for an introduction of its ordinary shares to the Official List of the DSE.
As part of the listing process, ABG has prepared an information memorandum dated 29 September 2011 approved by the CMSA and DSE in connection with the listing, which has been produced in accordance with the requirements of the Regulations of the CMSA, the Tanzanian Capital Markets and Securities (Foreign Companies Public Offers Eligibility and Cross Listing Requirements) Regulations of 2003 as amended in 2005 and the Rules of the DSE.
Copies of the information memorandum will be available with immediate effect at ABG’s principal place of business in Tanzania and on ABG’s website.
It is expected that the listing will become effective and dealings in the ordinary shares of ABG on the DSE will commence on or around 7 December 2011. Interests in ABG ordinary shares will be traded in the form of DSE Depository Receipts.
Further details for all trading arrangements can be found in ABG’s information memorandum and can be obtained from CORE Securities Limited, the Sponsoring Broker and Licensed Dealing Member of the DSE appointed in connection with the listing.
Commenting on the listing, Greg Hawkins, CEO said: “We are pleased to announce the listing of ABG’s shares on the DSE. This represents an important step in establishing a framework to promote broader liquidity and ownership of our shares in Tanzania as part of our longer term commitment to the country. We thank the CMSA, the DSE and all of our professional advisers for helping us to achieve this landmark listing for Tanzania.”
About African Barrick Gold
ABG is Tanzania’s largest gold producer and one of the five largest gold producers in Africa. We have four producing mines, all located in north west Tanzania (Bulyanhulu, Buzwagi, North Mara and Tulawaka), and several exploration projects at various stages of development. With a high-quality asset base, solid growth opportunities and a clear strategy, we have the objective of increasing our existing production to one million ounces per year by 2014.
We aim to achieve this by:
§ driving operating efficiencies to optimise production from our existing asset base;
§ growing through near mine expansion and development of advanced-stage projects; and
§ organic greenfield growth and acquisitions in Africa.
Maintaining our license to operate through acting responsibly in relation to our people, the environment and the communities in which we operate is central to achieving our objectives.
ABG is a UK public company with its headquarters in London. We are listed on the Main Market of the London Stock Exchange under the symbol ABG. Historically and prior to our initial public offering (IPO), our operations comprised the Tanzanian gold mining business of Barrick Gold Corporation (Barrick), our majority shareholder.