Implats once again extends date for completing RBPlat buyout
Platinum group metals (PGMs) miner Impala Platinum (Implats) has announced a further extension of the important dates and times for the close of its offer to Royal Bafokeng Platinum (RBPlat) shareholders.
The closing date of the offer has been extended to March 31, with Implats reserving its right to further extend the date at its discretion.
As previously announced, the remaining conditions precedent to declare the offer unconditional comprise the issuance of a compliance certificate by the Takeover Regulation Panel (TRP) and approval by the JSE for the listing of the offer consideration shares.
Implats said on February 24 that it was in the midst of engagements with the TRP and the Takeover Special Committee regarding the issuance of the compliance certificate. As the compliance certificate remains outstanding, Implats previously requested that the JSE approval for listing the offer consideration shares be withdrawn since they cannot be listed without the compliance certificate.
However, Implats will reapply for JSE approval based on the progress made in relation to the issuance of the certificate.
If the last two conditions precedent are not fulfilled by the longstop date, Implats made it clear to RBPlat shareholders that there was no obligation to further extend the longstop date.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation