Try our mobile app

Notice of Compulsory Acquisition of RBPlat Shares and Suspension of Trade on the JSE

Published: 2023-08-01 12:30:26 ET
<<<  go to JSE:RBP company page
ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
(“RBPlat” or the “Company”)




NOTICE OF COMPULSORY ACQUISITION OF RBPLAT SHARES AND SUSPENSION OF TRADE ON THE JSE


Shareholders of RBPlat are referred to the mandatory offer made by Impala Platinum Holdings Limited
(“Implats”) to acquire their shares in RBPlat (the “Mandatory Offer”) and to the SENS announcement released
by Implats on 24 July 2023, setting out the results of the Mandatory Offer (the “Results Announcement”). Implats
confirmed in the Results Announcement its intention to invoke the provisions of section 124(1) of the Companies
Act, 71 of 2008 (the “Companies Act”) in order to compulsorily acquire all of the RBPlat shares not already held
by it.


RBPlat Shareholders are also referred to the SENS announcement released by Implats on 1 August 2023 (the
“Implats Announcement”) stating that Implats has elected to invoke the provisions of section 124(1) of the
Companies Act to compulsorily acquire all of the RBPlat shares in respect of which the Mandatory Offer has not
been accepted (the “Compulsory Acquisition”) from RBPlat Shareholders who did not accept the Mandatory
Offer. RBPlat Shares will be suspended from trading on the JSE with effect from the commencement of trade
on Wednesday, 2 August 2023. The rights of RBPlat shareholders, the salient dates and times for the Compulsory
Acquisition and other pertinent information relating to the Compulsory Acquisition are set out in the Implats
Announcement.


RESPONSIBILITY STATEMENT


The independent board of RBPlat (the “Independent Board”), individually and collectively, accepts responsibility
for the accuracy of the information contained in this announcement which relates to RBPlat. To the best of the
Independent Board’s knowledge and belief, the information contained in this announcement is true and
nothing has been omitted which is likely to affect the importance of such information.




Johannesburg
1 August 2023


Lead Corporate & Financial Advisor and Transaction Sponsor to RBPlat
Questco Proprietary Limited


Financial Advisor and JSE Sponsor to RBPlat
Merrill Lynch South Africa Proprietary Limited t/a BofA Securities


Financial Advisor to RBPlat
Rothschild & Co South Africa Proprietary Limited


Legal Advisor to RBPlat
Bowman Gilfillan Inc.


Queries:


Lindiwe Montshiwagae
Email: lindiwe@bafokengplatinum.co.za
Tel: +27 (0)10 590 4510
M: + 27 (0) 82 920 7803


Thandeka Mthembu
Email: thandekam@bafokengplatinum.co.za
Tel: +27 (0) 10 590 4510
M: +27 (0) 72 674 9601