https://www.miningweekly.com
Platinum|Power
Platinum|Power
platinum|power

Implats committed to giving RBPlat shareholders unconditional offer

11th January 2023

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

JSE-listed Impala Platinum (Implats) says in a statement that it continues to take all necessary and reasonable steps within its power and control to ensure Royal Bafokeng Platinum (RBPlat) shareholders receive a wholly unconditional offer.

Implats notes that it continues to engage with the Takeover Regulation Panel (TRP) constructively in this regard.

This relates to Implats’ offer to the holders of issued ordinary shares in RBPlat as set out in Implats’ offer circular dated January 17, 2022.

During December, Northam Platinum Holdings and companies associated with it published announcements that purported to indicate its firm intention to make an offer to RBPlat shareholders for RBPlat shares not yet owned by Northam.

As previously communicated in Implats’ announcement of December 15, Implats lodged a complaint with the TRP relating thereto which, in the words of the TRP “raises serious questions of law and fact that simply could not be ignored”, and which led to the TRP in December requiring Northam to make further announcements.

The TRP also required Implats to make its latest announcement, which was published on January 11.

Implats says it is reminding RBPlat shareholders that the TRP Compliance Certificate, and JSE approval for the listing of the offer consideration shares, remain the only conditions precedent outstanding to declaring its offer unconditional.

Implats says it will make further announcements once it has more information about the status and timing of its offer. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest Multimedia

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.154 0.191s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: