SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated May 21, 2008
Commission File Number 1-14846
AngloGold Ashanti Limited
(Translation of registrant’s name into English)
76 Jeppe Street
Newtown, 2001
(P.O. Box 62117, Marshalltown, 2107)
South Africa
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F
or Form 40-F.
or Form 40-F.
Form 20-F X
Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1):
Rule 101(b)(1):
Yes
No X
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7):
Rule 101(b)(7):
Yes
No X
Indicate by check mark whether the registrant by furnishing the information contained in this Form is
also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes
No X
Enclosure: Press release
ANGLOGOLD ASHANTI UPDATES TERMS OF THE PROPOSED RIGHTS OFFER
news release
AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485 \ NYSE symbol: AU \ JSE share code: ANG
Corporate Affairs Department: \ 3rd Floor \ 76 Jeppe Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6317 \ Fax +27 (0)11 637 6399/6400
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485 \ NYSE symbol: AU \ JSE share code: ANG
Corporate Affairs Department: \ 3rd Floor \ 76 Jeppe Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6317 \ Fax +27 (0)11 637 6399/6400
UPDATED TERMS OF THE PROPOSED RIGHTS OFFER
AngloGold Ashanti has now finalized the terms of its proposed rights offering (previously stated on
May 6, 2008) and hereby announces that it is seeking to raise approximately ZAR13.48 billion
(US$1.77 billion based on an exchange rate of ZAR7.63/US$1 on 20 May 2008) via a renounceable
rights offer of 69,470,442 new ordinary shares of ZAR 25 cents each to AngloGold Ashanti ordinary and
E shareholders and AngloGold Ashanti ADS holders at a subscription price of ZAR194.00 per rights offer share
or ADS and in the ratio of 24.6403 rights offer shares for every 100 AngloGold Ashanti shares or ADSs held (the
“proposed rights offer”). The commencement of the offer remains subject to certain conditions, including
shareholder approval.
May 6, 2008) and hereby announces that it is seeking to raise approximately ZAR13.48 billion
(US$1.77 billion based on an exchange rate of ZAR7.63/US$1 on 20 May 2008) via a renounceable
rights offer of 69,470,442 new ordinary shares of ZAR 25 cents each to AngloGold Ashanti ordinary and
E shareholders and AngloGold Ashanti ADS holders at a subscription price of ZAR194.00 per rights offer share
or ADS and in the ratio of 24.6403 rights offer shares for every 100 AngloGold Ashanti shares or ADSs held (the
“proposed rights offer”). The commencement of the offer remains subject to certain conditions, including
shareholder approval.
The underwriters for the proposed rights offer are Goldman Sachs International, UBS Limited, Morgan
Stanley & Co. International plc and J.P. Morgan Securities Ltd.
Stanley & Co. International plc and J.P. Morgan Securities Ltd.
Johannesburg
May 21, 2008
May 21, 2008
Goldman Sachs International, Morgan Stanley & Co. International plc and J.P. Morgan Securities Ltd., which are
regulated in the United Kingdom by the Financial Services Authority, are acting for AngloGold Ashanti and no-one else
in connection with the proposed rights offer and will not be responsible to anyone other than AngloGold Ashanti for
providing the protections afforded to clients of Goldman Sachs International, Morgan Stanley & Co. International plc
and J.P. Morgan Securities Ltd. nor for providing advice in connection with the proposed rights offer. UBS Limited is
acting for AngloGold Ashanti and no-one else in connection with the proposed rights offer and will not be responsible
to anyone other than AngloGold Ashanti for providing the protections afforded to clients of UBS Limited nor for
providing advice in connection with the proposed rights offer.
regulated in the United Kingdom by the Financial Services Authority, are acting for AngloGold Ashanti and no-one else
in connection with the proposed rights offer and will not be responsible to anyone other than AngloGold Ashanti for
providing the protections afforded to clients of Goldman Sachs International, Morgan Stanley & Co. International plc
and J.P. Morgan Securities Ltd. nor for providing advice in connection with the proposed rights offer. UBS Limited is
acting for AngloGold Ashanti and no-one else in connection with the proposed rights offer and will not be responsible
to anyone other than AngloGold Ashanti for providing the protections afforded to clients of UBS Limited nor for
providing advice in connection with the proposed rights offer.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there
be any sale of the securities described herein, in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of such jurisdiction. AngloGold Ashanti has filed
a registration statement in the United States under the Securities Act of 1933, as amended, in connection with the
offer and sale of the securities described herein. A written prospectus for the offering meeting the requirements of
Section 10 of the U.S. Securities Act of 1933, as amended, and, when available, the prospectus supplement relating
to the proposed rights offering, may be obtained from AngloGold Ashanti at 76 Jeppe Street, Newtown, Johannesburg,
South Africa and on the website maintained by the Securities and Exchange Commission at http://www.sec.gov.
be any sale of the securities described herein, in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of such jurisdiction. AngloGold Ashanti has filed
a registration statement in the United States under the Securities Act of 1933, as amended, in connection with the
offer and sale of the securities described herein. A written prospectus for the offering meeting the requirements of
Section 10 of the U.S. Securities Act of 1933, as amended, and, when available, the prospectus supplement relating
to the proposed rights offering, may be obtained from AngloGold Ashanti at 76 Jeppe Street, Newtown, Johannesburg,
South Africa and on the website maintained by the Securities and Exchange Commission at http://www.sec.gov.
The proposed rights offer described in this announcement will only be addressed to and directed at persons in member states of the
European Economic Area, or EEA, who are "Qualified Investors" within the meaning of Article 2(1)(e) of the Prospectus Directive. In
addition, in the United Kingdom, the proposed rights offering is only addressed to and directed at (1) Qualified Investors who are
investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(the “Order”), or high net worth entities falling within Article 49(2)(a)-(d) of the Order or (2) persons to whom it may otherwise lawfully
be communicated (all such persons together being referred to as "Relevant Persons"). The new shares are only available to, and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, (1) in the United
Kingdom, Relevant Persons and (2) in any member state of the EEA other than the United Kingdom, Qualified Investors. In addition,
due to restrictions under securities laws, the proposed rights offer is not available to persons who are residents in Japan. The
proposed rights offer will also not be addressed to, or directed at, holders of AngloGold Ashanti GhDSs in Ghana or holders of
AngloGold Ashanti CDIs who are resident outside Australia.
European Economic Area, or EEA, who are "Qualified Investors" within the meaning of Article 2(1)(e) of the Prospectus Directive. In
addition, in the United Kingdom, the proposed rights offering is only addressed to and directed at (1) Qualified Investors who are
investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(the “Order”), or high net worth entities falling within Article 49(2)(a)-(d) of the Order or (2) persons to whom it may otherwise lawfully
be communicated (all such persons together being referred to as "Relevant Persons"). The new shares are only available to, and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, (1) in the United
Kingdom, Relevant Persons and (2) in any member state of the EEA other than the United Kingdom, Qualified Investors. In addition,
due to restrictions under securities laws, the proposed rights offer is not available to persons who are residents in Japan. The
proposed rights offer will also not be addressed to, or directed at, holders of AngloGold Ashanti GhDSs in Ghana or holders of
AngloGold Ashanti CDIs who are resident outside Australia.
This announcement includes "forward-looking information" within the meaning of Section 27A of the Securities Act,
and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of
historical fact are, or may be deemed to be, forward-looking statements, including, without limitation those concerning:
AngloGold Ashanti’s strategy to reduce its gold hedging position including the extent and effect of the hedge
reduction; the economic outlook for the gold mining industry; expectations regarding gold prices, production, costs and
other operating results; growth prospects and outlook of AngloGold Ashanti's operations, individually or in the
aggregate, including the completion and commencement of commercial operations at AngloGold Ashanti's exploration
and production projects and the completion of acquisitions and dispositions; AngloGold Ashanti’s liquidity and capital
resources and expenditure; and the outcome and consequences of any pending litigation proceedings. These forward-
looking statements are not based on historical facts, but rather reflect AngloGold Ashanti's current expectations
concerning future results and events and generally may be identified by the use of forward-looking words or phrases
such as "believe", "aim", "expect", "anticipate", "intend", "foresee", "forecast", "likely", "should", "planned", "may",
"estimated", "potential" or other similar words and phrases. Similarly, statements that describe AngloGold Ashanti's
objectives, plans or goals are or may be forward-looking statements.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause
the AngloGold Ashanti's actual results, performance or achievements to differ materially from the anticipated results,
performance or achievements expressed or implied by these forward-looking statements. Although AngloGold Ashanti
believes that the expectations reflected in these forward-looking statements are reasonable, no assurance can be
given that such expectations will prove to have been correct.
For a discussion of such risk factors, shareholders should refer to the annual report on Form 20-F for the year ended
31 December 2007, which was filed with the Securities and Exchange Commission on 19 May 2008. These factors are
not necessarily all of the important factors that could cause AngloGold Ashanti's actual results to differ materially from
those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material
adverse effects on future results.
In connection with the proposed merger transaction involving AngloGold Ashanti and Golden Cycle Gold Corporation,
AngloGold Ashanti has filed with the SEC a registration statement on Form F-4 and GCGC will mail a proxy
statement/prospectus to its stockholders, and each will be filing other documents regarding the proposed transaction
with the U.S. Securities and Exchange Commission (“SEC”) as well. BEFORE MAKING ANY VOTING OR
INVESTMENT DECISION, INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS
REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY WHEN
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION. The final proxy statement/prospectus will be mailed to GCGC’s stockholders. Stockholders will be
able to obtain a free copy of the proxy statement/prospectus, as well as other filings containing information about
AngloGold Ashanti and GCGC, without charge, at the SEC’s Internet site (http://www.sec.gov). Copies of the proxy
statement/prospectus and the filings with the SEC that will be incorporated by reference in the proxy
statement/prospectus can also be obtained, without charge, by directing a request to AngloGold Ashanti, 76 Jeppe
Street, Newtown, Johannesburg, 2001 (PO Box 62117, Marshalltown, 2107) South Africa, Attention: Investor
Relations, +27 11 637 6385, or to Golden Cycle Gold Corporation, 1515 S. Tejon, Suite 201, Colorado Springs, CO
80906, Attention: Chief Executive Officer, (719) 471-9013.
and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of
historical fact are, or may be deemed to be, forward-looking statements, including, without limitation those concerning:
AngloGold Ashanti’s strategy to reduce its gold hedging position including the extent and effect of the hedge
reduction; the economic outlook for the gold mining industry; expectations regarding gold prices, production, costs and
other operating results; growth prospects and outlook of AngloGold Ashanti's operations, individually or in the
aggregate, including the completion and commencement of commercial operations at AngloGold Ashanti's exploration
and production projects and the completion of acquisitions and dispositions; AngloGold Ashanti’s liquidity and capital
resources and expenditure; and the outcome and consequences of any pending litigation proceedings. These forward-
looking statements are not based on historical facts, but rather reflect AngloGold Ashanti's current expectations
concerning future results and events and generally may be identified by the use of forward-looking words or phrases
such as "believe", "aim", "expect", "anticipate", "intend", "foresee", "forecast", "likely", "should", "planned", "may",
"estimated", "potential" or other similar words and phrases. Similarly, statements that describe AngloGold Ashanti's
objectives, plans or goals are or may be forward-looking statements.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause
the AngloGold Ashanti's actual results, performance or achievements to differ materially from the anticipated results,
performance or achievements expressed or implied by these forward-looking statements. Although AngloGold Ashanti
believes that the expectations reflected in these forward-looking statements are reasonable, no assurance can be
given that such expectations will prove to have been correct.
For a discussion of such risk factors, shareholders should refer to the annual report on Form 20-F for the year ended
31 December 2007, which was filed with the Securities and Exchange Commission on 19 May 2008. These factors are
not necessarily all of the important factors that could cause AngloGold Ashanti's actual results to differ materially from
those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material
adverse effects on future results.
In connection with the proposed merger transaction involving AngloGold Ashanti and Golden Cycle Gold Corporation,
AngloGold Ashanti has filed with the SEC a registration statement on Form F-4 and GCGC will mail a proxy
statement/prospectus to its stockholders, and each will be filing other documents regarding the proposed transaction
with the U.S. Securities and Exchange Commission (“SEC”) as well. BEFORE MAKING ANY VOTING OR
INVESTMENT DECISION, INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS
REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY WHEN
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION. The final proxy statement/prospectus will be mailed to GCGC’s stockholders. Stockholders will be
able to obtain a free copy of the proxy statement/prospectus, as well as other filings containing information about
AngloGold Ashanti and GCGC, without charge, at the SEC’s Internet site (http://www.sec.gov). Copies of the proxy
statement/prospectus and the filings with the SEC that will be incorporated by reference in the proxy
statement/prospectus can also be obtained, without charge, by directing a request to AngloGold Ashanti, 76 Jeppe
Street, Newtown, Johannesburg, 2001 (PO Box 62117, Marshalltown, 2107) South Africa, Attention: Investor
Relations, +27 11 637 6385, or to Golden Cycle Gold Corporation, 1515 S. Tejon, Suite 201, Colorado Springs, CO
80906, Attention: Chief Executive Officer, (719) 471-9013.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized.
report to be signed on its behalf by the undersigned, thereunto duly authorized.
AngloGold Ashanti Limited
Date: May 21, 2008
By:
/s/ L Eatwell________
Name:
L EATWELL
Title: Company Secretary
Title: Company Secretary