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.