Implats Boosts Ownership in RBPlat, Solidifies Mining Dominance

Impala Platinum
  • Implats acquires an additional 0.30% of shares in Royal Bafokeng Platinum Limited.
  • The acquisition strengthens Implats’ ownership stake to approximately 56.02% in RBPlat.
  • Further acquisitions of RBPlat shares are possible as the offer remains open.

Implats announced its intention to acquire additional shares in Royal Bafokeng Platinum Limited (RBPlat) as part of its ongoing offer to shareholders. The move aims to strengthen Implats’ position in the platinum mining sector and solidify its control over RBPlat.

Under the agreement, Implats has entered into agreements to purchase 866,300 RBPlat shares, representing approximately 0.30% of the total shares in circulation. The purchase price per RBPlat share is set at the offer consideration as outlined in Implats’ offer circular released on January 17, 2022.

Upon the completion of this transaction, Implats will hold an aggregate ownership stake of approximately 56.02% in RBPlat. The company assures that it has duly informed the Takeover Regulation Panel (TRP) of this acquisition, as mandated by the Companies Regulations of 2011.

Implats emphasizes its readiness to acquire further RBPlat shares while the offer remains open, subject to the constraints imposed by the Companies Act and the Takeover Regulations. In such cases, Implats commits to making all necessary disclosures and announcements in compliance with the relevant legal requirements.

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