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Implats raises its stake in RBPlat to 40.46%

29th September 2022

By: Darren Parker

Creamer Media Contributing Editor Online

     

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Platinum group metals producer Impala Platinum (Implats) has again raised its stake in Royal Bafokeng Platinum (RBPlat), from the 40.11% announced on September 19 to 40.46%.

Implats announced on September 29 that it had concluded agreements to acquire about one-million additional RBPlat shares, constituting about 0.35% of the RBPlat shares in issue.

Implats indicated its intention to acquire more RBPlat shares in future, subject to potential prohibitions in the Companies Act and the Takeover Regulations.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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