Amplats Makes Extra Payout of $852 Million Before Anglo Exit

Anglo American Platinum Ltd. declared an additional cash payout of 15.7 billion rand ($852 million) in preparation for an exit by parent Anglo American Plc, even as profit slumped last year.

Combined with a final dividend for 2024, payouts totaled 16.5 billion rand, Anglo said in a statement on Monday. That will reduce the net cash position of Johannesburg-listed Amplats to 1.1 billion rand ahead of the demerger due to take place in June, according to Chief Financial Officer Sayurie Naidoo.