https://www.miningweekly.com
Aggregate|Platinum
Aggregate|Platinum
aggregate|platinum

Implats buys a further 2.56% of RBPlat’s shares, now holds 31.94% stake

2nd December 2021

By: Donna Slater

Features Deputy Editor and Chief Photographer

     

Font size: - +

Following two tranches of share buyouts by Impala Platinum (Implats) on November 29 and December 1 – for an aggregate of 84.89-million shares of Royal Bafokeng Platinum (RBPlat) – Implats has acquired a further 7.39-million RBPlat shares on December 2.

This takes Implats’ shareholding in RBPlat to 31.94%, with the December 2 share buyout constituting the acquisition of a further 2.56%.

Implats confirms that these acquisitions have already been disclosed to the Takeover Regulation Panel.

In addition, Implats may be acquiring further RBPlat shares in the future while the offer remains open.

“We are exceptionally pleased with the progress made following our offer to RBPlat shareholders on November 29. This is a strong indication that the RBPlat shareholders see value in our offer.

"The true value of this offer remains in the long-term worth that can be delivered from Implats’ and RBPlat’s contiguous, high-value production base on the Western Limb. It ideally positions Implats to start the significant value unlock possible between Implats and RBPlat," Implats CEO Nico Muller commented.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.12 0.154s - 93pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: