Barrick Gold to divest part of African Barrick Gold plc Holding Barrick Gold announces its intention to divest part of its shareholding held indirectly in African Barrick Gold plc. The disposal will be conducted by means of a placing of ABG ordinary shares to institutional investors. The Placing is expected to comprise approximately 41M ABG ordinary shares, representing approximately 10% of the issued ordinary share capital of ABG and approximately 13.5% of Barrick's holding in ABG. The Placing is being conducted through an accelerated bookbuild offering process which will be launched immediately following this announcement. A further announcement will be made following completion of the bookbuild and pricing of the Placing. Barrick has appointed UBS Limited, J.P. Morgan Securities and RBC Europe Limited to act as joint bookrunners and placing agents in relation to the Placing. The Placing Shares shall, in all respects, rank pari passu with ABG's ordinary shares.
Barrick Gold volatility elevated as gold at one-year high Barrick Gold February weekly call option implied volatility is at 98, February is at 85, March is at 71; compared to its 52-week range of 34 to 84, suggesting large near term price movement as gold trends to one-year high.