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Implats extends longstop date for RBPlat offer to July 28

28th June 2023

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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JSE-listed Impala Platinum (Implats) has again extended the longstop date of its proposed buyout of Royal Bafokeng Platinum (RBPlat) to July 28, as two conditions precedent remain outstanding.

The first is a final decision from the Takeover Regulation Panel in relation to a compliance certificate in relation to Implats’ offer to RBPlat shareholders.

The second is the JSE’s approval for the listing of offer consideration shares.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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