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Implats acquires more shares in RBPlat

8th December 2021

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

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Impala Platinum (Implats) has acquired a further 942 000 RBPlat shares, constituting about 0.33% of RBPlat’s shares in issue.

Implats now holds about 32.26% of the RBPlat shares in issue.

Implats on November 29 announced an offer to RBPlat shareholders to acquire their shares for R150 a share, comprising R90 in cash and 0.30 ordinary shares in Implats.

The offer was made following Northam Platinum’s acquisition of 32.8% of RBPlat’s shares in issue from Royal Bafokeng Holdings for R8.6-billion in cash and 8.7% in Northam’s shares in issue.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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