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Implats lifts RBPlat shareholding further to 37.72%

14th April 2022

By: Marleny Arnoldi

Online News Editor

     

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JSE-listed Impala Platinum (Implats) Holdings has acquired a further 493 990 shares in fellow-listed Royal Bafokeng Platinum (RBPlat), constituting a 0.17% shareholding.

This takes Implats’ shareholding in RBPlat to 37.79%, from 37.72%.

Implats late last year proposed to acquire all of the RBPlat shares it does not already own for R90 in cash an 0.3 of an Implats share for each RBPlat share, valuing the buyout at R150 apiece.

The offer is expected to close on June 17.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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