Anglo American raises ZAR 7.2bn via accelerated bookbuild

Mining giant Anglo American has raised ZAR 7.2bn (£308.03m) after an accelerated bookbuild saw it offer up 13.94m ordinary shares at a price of ZAR 515.0p per share.

Anglo American said on Wednesday that settlement of the placing shares was expected to occur on or about 16 September on the Johannesburg Stock Exchange.

The FTSE 100-listed group noted that the placing shares represented approximately 5.3% of its total issued share capital.

As of 1015 BST, Anglo American shares were up 0.75% at 2,024.0p.

Reporting by Iain Gilbert at Sharecast.com