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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Ashanti Goldfields - Sponsored Global Depository Receipt
(Name of Issuer)
Global Depository Receipt
(Title of Class Securities)
043743202
(CUSIP Number)
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP No. 043743202.
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
PPM America, Inc.
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
3. SEC Use Only
4. Citizenship or Place of Organization
Delaware
5. Sole Voting Power Not Applicable
6. Shared Voting Power 6,103,465
7. Sole Dispositive Power Not Applicable
8. Shared Dispositive Power 6,103,465
9. Aggregate Amount Beneficially Owned by Each Reporting Person 6,103,465
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
11. Percent of Class Represented by Amount in Row (9) 5.6%
12. Type of Reporting Person (See Instructions) IA (See Exhibit A)
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CUSIP No. 043743202.
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
M&G Investment Management Limited
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
3. SEC Use Only
4. Citizenship or Place of Organization
United Kingdom
5. Sole Voting Power Not Applicable
6. Shared Voting Power 6,103,465
7. Sole Dispositive Power Not Applicable
8. Shared Dispositive Power 6,103,465
9. Aggregate Amount Beneficially Owned by Each Reporting Person 6,103,465
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
11. Percent of Class Represented by Amount in Row (9) 5.6%
12. Type of Reporting Person (See Instructions) IA
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Item 1.
(a) Name of Issuer: Ashanti Goldfields Company Limited - Sponsored GDR
(b) Address of Issuer's Principal Executive Offices: Gold House
Patrice Lumumba Rd Roman Ridge Accra, Ghana
Item 2.
(a) Name of Person Filing:
PPM America, Inc. ("PPM")
M&G Investment Management Limited ("M&G")
(b) Address of Principal Business Office or, if none, Residence:
225 West Wacker Drive, Suite 1200, Chicago, IL 60606 (PPM America, Inc.)
Laurence Pountney Hill, London, England EC4R OHH (M&G)
(b) Citizenship:
Delaware (PPM America, Inc.)
United Kingdom (M&G Investment Management Limited)
(d) Title of Class of Securities: Global Depository Receipt
(e) CUSIP Number: 043743202.
Item 3. Type of Person:
(e) An investment adviser in accordance with s.240.13d-1(b)(1)(ii)(E)
Item 4. Ownership
(a) Amount beneficially owned: 6,103,465
(b) Percent of class: 5.6%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: Not Applicable.
(ii) Shared power to vote or to direct the vote: 6,103,465
(iii) Sole power to dispose or to direct the disposition of: Not
Applicable.
(iv) Shared power to dispose or to direct the disposition of: 6,103,465
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification:
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuers of such securities and were not
acquired in connection with or as a participant in any transaction having such
purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
February 14, 2001
Date
/s/ Drew Ahrens
Signature
Vice President - Compliance
Name/Title
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EXHIBIT A
Identification and Classification of the Members of the Group.
By no-action relief granted on July 5, 1991, the SEC generally stated it would
not recommend enforcement action if Prudential plc together with
certain of its subsidiaries collectively reported beneficial ownership of more
than 5% of a class of equity security subject to Section 13(d) of the Securities
Exchange Act of 1934 on Schedule 13G rather than Schedule 13D. Therefore,
PPMAmerica, Inc., a subsidiary of Prudential plc, is making this
filing on behalf of certain of Prudential plc's subsidiaires.
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Joint Filing Agreement
In accordance with Rule 13d-1(f) under the Securities Exchange Acf of 1934, the
persons or entities named below agree to the joint filing on behalf of each
of them of this Schedule 13G with respect to the Securities of the Issuer and
further agree that this joint filing agreement be included as an exhibit to
this Schedule 13G. In evidence thereof, the undersigned hereby execute this
agreement as of the 14th day of February, 2001.
PPM America, Inc.
By: /s/ Drew Ahrens
Drew Ahrens
Vice President - Compliance
M&G Investment Management Limited
By: PPM America, Inc.,
As Attorney-in-Fact
By: /s/ Drew Ahrens
Drew Ahrens
Vice President - Compliance