LONDON, July 1, 2026, 20:02 BST
- Anglo American plc (LON:AAL) last traded at 3,696.72 pence, slipping 0.01%. Shares moved between 3,630 and 3,738 pence in the session.
- The July 1 voting-rights filing showed 1.178 billion shares, with 98.9 million in buyback-vehicle shares excluded from voting.
- The stock is still down roughly 12.8% from its June 2 peak at 4,239 pence, even after the Codelco copper deal last week and with the Teck merger still ahead.
Anglo American plc (LON:AAL) barely moved by late Wednesday. But traders were watching the share count more than the closing price.
Anglo American’s July 1 filing showed issued share capital at 1,178,050,272 ordinary shares as of 6 p.m. June 30. The company said there were no shares held in treasury. The filing added that 98,906,534 shares, bought by three independent firms through a 2006 buyback, have given up voting rights.
With shares at 3,696.72 pence, the total equity value comes to around 43.55 billion pounds. Excluding the waived-vote shares for a look at voting equity, it drops to about 39.89 billion pounds. That’s near the 39.61 billion-pound market cap listed on Proactive’s delayed market page.
| Measure | Figure | Read-through |
|---|---|---|
| Last quoted price | 3,696.72p | Down 0.01% on delayed tape |
| Day range | 3,630p-3,738p | Spread today runs about 2.9% off the last |
| 52-week high | 4,239p | Last quote sits about 12.8% under the high |
| Full issued-share value | £43.55 bln | Works out using 1.178 bln share count |
| Less waived-vote shares | £39.89 bln | Comes off 1.079 bln shares |
The gap is key because Anglo is a deal stock right now. With a cash bid, holders can lock onto a single offer price. In an all-share merger, you have to watch the denominator—market value, votes, and ownership can each tell a different story.
The stock’s been volatile but hasn’t dropped enough to threaten the merger play. It lost 2.45% to close at 36.27 pounds on Monday while the FTSE 100 dipped 0.23%. On Tuesday, shares bounced back 1.93% to 36.97 pounds as the FTSE 100 edged up 0.12%.
| Date | Anglo American | FTSE 100 | Relative move |
|---|---|---|---|
| June 29 | -2.45% | -0.23% | -2.22 pct pts |
| June 30 | +1.93% | +0.12% | +1.81 pct pts |
| July 1 late quote | -0.01% | n/a | Flat to Tuesday close |
Anglo’s proposed tie-up with Teck Resources Ltd (TSE:TECK.B) hasn’t caught up with the share price move. The deal would give Anglo shareholders 62.4% of the combined Anglo Teck, with Teck holders taking 37.6%. Reuters said the agreement comes with a 4.5 billion dollar special dividend for Anglo holders and is set to deliver 800 million dollars in yearly savings and efficiencies by year four.
Another number traders are watching is copper. Anglo and Codelco last week said they wrapped up the Los Bronces-Andina deal in Chile. The plan adds 2.7 million tonnes of copper over 21 years, or about 120,000 tonnes per year, using little new capital. Both companies are estimating pre-tax shared value of at least $5 billion, subject to environmental approval and other conditions, now seen in 2030.
Anglo CEO Duncan Wanblad said the Codelco deal showed “what is possible when we work in partnership.” Codelco Chairman Bernardo Fontaine said it was “a more efficient and responsible way” to develop the copper district. Proactiveinvestors UK
Anglo’s next operating test is set for July 23, lining up with the company’s second-quarter 2026 production report release at 0600 GMT, its investor calendar shows.
