https://www.miningweekly.com

Long-stop date of Implats’ offer for RBPlat extended to November 22

16th September 2022

By: Donna Slater

Features Managing Editor and Chief Photographer

     

Font size: - +

Platinum group metals (PGMs) miner Impala Platinum (Implats) has extended the long-stop date to its mandatory offer to acquire all outstanding shares it does not already own in fellow PGMs miner Royal Bafokeng Platinum (RBPlat) to November 22 to meet the conditions precedent to the offer.

The long-stop date is being extended owing to competition-related conditions precedent that are currently outstanding – an extension consented to by the Takeover Regulation Panel.

Implats reports that it is taking all reasonable steps to ensure the Competition Tribunal process is completed as expeditiously as possible.

As such, the offer is now set to become wholly unconditional by November 3, and RBPlat shareholders will have until November 15 to trade in their shares by means of participating in the offer and until November 18 to accept Implats’ offer.

The results of the offer are now set to be announced on November 21.

Implats currently holds 39.19% of the RBPlat shares in issue.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Craig Miller Technical Services (CMTS)
Craig Miller Technical Services (CMTS)

CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...

VISIT SHOWROOM 
ZF Aftermarket
ZF Aftermarket

ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.

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:0.044 0.681s - 110pq - 2rq
Subscribe Now