AngloGold Ashanti Executive's Share Transaction: Transparency and Integrity in Focus

AngloGold Ashanti plc, a multinational gold mining company, recently announced that an executive officer, Stewart Bailey, dealt in securities of the company. Bailey received 34,311 ordinary shares under the 2023 Deferred Share Plans (DSP) and subsequently sold them on the market for R16,131,316.65. This transaction aligns with AngloGold Ashanti's commitment to ethical conduct and business integrity, as outlined in their Code of Business Principles and Ethics and Business Integrity Policy. The company's governance structures and processes demonstrate a commitment to high standards of business integrity and ethics, with 5,390 employees undergoing online ethics-related training in 2022. Additionally, AngloGold Ashanti's Whistleblowing Policy, rebranded as the Speak-up programme, fosters organisational accountability and encourages stakeholders to report violations in a responsible and ethical manner. The sale of shares at market value by Bailey reflects the company's commitment to transparency and ethical conduct, as it was conducted in accordance with the company's policies and procedures.



The transaction, occurring on December 12, 2024, just before the announcement on December 13, 2024, raises questions about transparency and integrity. The timing suggests that the executive officer, Stewart Bailey, may have had insider information about the impending announcement, potentially influencing his decision to sell the shares. This could be seen as a breach of insider trading rules, which prohibit trading based on non-public, material information. However, without further evidence, it's impossible to conclude that insider trading occurred. AngloGold Ashanti plc should ensure that proper procedures were followed and that no insider trading took place.



The sale of shares at market value aligns with AngloGold Ashanti's commitment to ethical conduct and business integrity. The company's governance structures and processes demonstrate a commitment to high standards of business integrity and ethics, with 5,390 employees undergoing online ethics-related training in 2022. Additionally, AngloGold Ashanti's Whistleblowing Policy, rebranded as the Speak-up programme, fosters organisational accountability and encourages stakeholders to report violations in a responsible and ethical manner. The sale of shares at market value by Bailey reflects the company's commitment to transparency and ethical conduct, as it was conducted in accordance with the company's policies and procedures.

In conclusion, the transaction involving Stewart Bailey's receipt and sale of vested shares under the 2023 Deferred Share Plans (DSP) aligns with AngloGold Ashanti's commitment to ethical conduct and business integrity. The company's governance structures and processes, along with its Whistleblowing Policy, demonstrate a commitment to high standards of business integrity and ethics. The sale of shares at market value reflects the company's commitment to transparency and ethical conduct, as it was conducted in accordance with the company's policies and procedures. However, the timing of the transaction raises questions about transparency and integrity, and AngloGold Ashanti plc should ensure that proper procedures were followed and that no insider trading took place.