Implats acquires further shares in Royal Bafokeng Platinum
Implats has concluded agreements to acquire a further 2,165,000 RBPlat Shares constituting approximately 0.75% of the RBPlat Shares in issue for a consideration per RBPlat Share equal to the offer consideration as described in the Offer Circular.
The effective date of the acquisitions will be on or around 1 April 2022. After the aforementioned trades are implemented, Implats will hold RBPlat Shares comprising an aggregate of approximately 36.41% of the RBPlat Shares in issue.
Implats confirms that these acquisitions have already been disclosed to the Takeover Regulation Panel (TRP) as required under Chapter 5 of the Companies Regulations, 2011 (Takeover Regulations).
Save as may be prohibited under the Companies Act or the Takeover Regulations, Implats may be acquiring further RBPlat Shares after the date of this announcement whilst the Offer remains open and, if required under the Companies Act or the Takeover Regulations, will make further disclosures and announcements in that regard.
