ImpalaPlatinum says it won’t amend its offer for RoyalBafokengPlatinum (RBPlat) shares, now that RBPlats has announced its 2021 year-end results and declared a 535c dividend. Moneyweb MiningNews CiaranRyan
Impala Platinum says it won’t amend its offer for Royal Bafokeng Platinum shares, now that RBPlats has announced its 2021 year-end results and declared a 535c dividend. RBPlats was thrown into play in October last year when Implats made an offer to acquire 100% of its shares. RBPlats shareholder Royal Bafokeng Holdings countered this by selling nearly 33% to Northam Platinum, prompting Implats to up its offer to R90 cash and 0.30 in Implats per RBPlat share acquired.
RBPlats vs Implats share prices – 2012 to 2022 Another interesting aspect to the story is that Northam cannot be counted out of the race just yet. It issued a Sens announcement on December 9 2021 advising shareholders that it believed the RBPlat announcement that a mandatory offer had been triggered by the Northam offer was misleading, and that it planned to raise this with the JSE’s Takeover Regulation Panel .
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