Highlights

  • Shareholders passed resolutions approving the merger of equals between Anglo American and Teck.
  • Name change resolution was also approved, subject to completion of the merger.
  • Transaction still requires Teck shareholder and regulatory approvals across jurisdictions.

Anglo American plc (LSE:AAL) announced that shareholders have approved all resolutions required to advance its proposed merger of equals with Teck Resources Limited. The approvals were granted at the company’s general meeting held on 9 December 2025, where voting was conducted by poll and backed by the requisite shareholder majorities.

The ordinary resolution authorising the allotment of new shares in connection with the merger received support from 99.17% of votes cast, with 0.83% voting against. Votes cast represented 63.33% of Anglo American’s issued share capital. In addition, the special resolution approving a change of company name, effective upon completion of the merger, was passed with 99.98% of votes cast in favour.

A second ordinary resolution relating to amendments to the Anglo American Long-Term Incentive Plan Awards was withdrawn prior to the meeting and was not put forward for shareholder consideration.

Merger Structure and Next Steps
The proposed transaction would combine Anglo American and Teck into a new group to be known as Anglo Teck. The transaction has been described by the companies as a merger of equals, rather than a traditional acquisition, with the combined group expected to be headquartered in Canada following completion.

While Anglo American shareholder approval represents a key procedural milestone, the merger remains conditional on a number of further steps. Most immediately, the transaction requires approval from Teck shareholders, who are scheduled to vote at a special meeting held at 19:00 (UK time) on 9 December 2025.

Disclosure and Filing Updates
Anglo American confirmed that details of the resolutions passed are set out in the notice of general meeting and the shareholder circular dated 10 November 2025. In accordance with UK Listing Rule requirements, copies of the approved resolutions will be submitted to the Financial Conduct Authority and made available via the National Storage Mechanism.

Share Price Snapshot
AAL was trading 1.03% higher at GBX 2,946.00 per share as of 10 December 2025.