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TRP grants Implats a compliance certificate for RBPlat offer

29th June 2023

By: Creamer Media Reporter

     

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The Takeover Regulation Panel (TRP) has granted platinum group metals miner Impala Platinum (Implats) a compliance certificate in relation to its buyout offer for Royal Bafokeng Platinum (RBPlat).

Obtaining the certificate was one of only two outstanding conditions to enable Implats to declare the offer unconditional.

Implats now only needs the JSE's approval for the listing of the offer consideration shares.

Meanwhile, Implats has concluded agreements to acquire a further 122 232 RBPlat shares, representing about 0.04% of RBPlat's shares in issue. This will take Implats' shareholding in RBPlat to 56.41%.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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