Implats acquires further shares in Royal Bafokeng Platinum
Implats refers to the announcement of 29 November 2021 of Implats’ firm intention to make a general offer (Offer) to the holders (RBPlat Shareholders) of issued ordinary shares (RBPlat Shares) in Royal Bafokeng Platinum Limited (RBPlat) and to the announcements of 1 and 2 December 2021.
Since the announcements of 29 November 2021 and 1 and 2 December 2021, Implats has concluded agreements to acquire a further 942,000 RBPlat Shares constituting approximately 0.33% of the RBPlat Shares in issue and, together with the RBPlat Shares referred to in the above announcements, comprising an aggregate of approximately 32.26% 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).
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.