Who are the principal shareholders in Hulamin?
Prior to the listing of Hulamin, Tongaat-Hulett Group (THG) owned 50%, South Africa’s Industrial Development Corporation (IDC) 30% and Anglo American plc through its subsidiary Anglo South Africa Capital (Anglo) 20%. Following the listing of Hulamin on the Johannesburg Stock Exchange Limited (JSE) on 25 June 2007: Tongaat-Hulett Group unbundled its holding in Hulamin to THG shareholders registered on 29 June 2007, in a 1:1 ratio; and Hulamin’s BEE partners, management and staff acquired an effective 15% interest in Hulamin; which reduced the effective holding of Anglo to 38.5% and the IDC to 25.7%.
