TORONTO — Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick”) today announced that the Royal Court of Jersey has sanctioned the scheme of arrangement by which the recommended share-for-share merger of Barrick and Randgold is being implemented.
All conditions of the scheme have now been satisfied or waived, and the merger is expected to close on January 1, 2019, following the delivery of a copy of the court order to the Jersey Registrar.
Mark Bristow, incoming President and CEO of Barrick, said the court’s approval was the last major landmark on the journey towards the creation of a new breed of gold company.
“Barrick will be the world’s biggest gold miner, but our focus will be on making it the industry’s most valued company. By finding, developing, and operating the best assets, with the best people, we’ll deliver sustainable returns to our owners and partners,” he said.
Barrick intends to change its ticker symbol on the New York Stock Exchange from “ABX” to “GOLD” beginning on the merged company’s first day of trading on January 2, 2019. GOLD is currently the ticker symbol for Randgold American Depositary Shares traded on the NASDAQ exchange. Barrick will continue to trade on the Toronto Stock Exchange under the ticker symbol “ABX” following the completion of the merger.
December 17, 2018
All amounts expressed in U.S. dollars unless otherwise indicated
TORONTO — Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick” or the “Company”) today announced that its Board of Directors has declared a dividend for the fourth quarter of 2018 of $0.07 per share, payable on January 14, 2019, to shareholders of record at the close of business on December 28, 2018. This will result in an annual dividend of $0.16 per share paid to the shareholders of Barrick in respect of the 2018 financial year.
Following the completion of Barrick’s merger with Randgold Resources Limited, the Company expects to pay a quarterly dividend of $0.04 per share, commencing with the dividend to be declared in April 2019 in respect of the first quarter of 2019.