IMP
IMPO
IMP - Implats - Joint Announcement Regarding The Finalisation Of The
Empowerment Transaction Between Implats And The Royal Bafokeng Nation
Impala Platinum Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1957/001979/06)
ISIN: ZAE000083648
JSE Share Code : IMP
LSE Share Code : IPLA
ADR Code : IMPUY
("Implats" or "the Company")
Royal Bafokeng Nation
("RBN")
Royal Bafokeng Holdings (Pty) Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/006906/07)
("RBH")
JOINT ANNOUNCEMENT REGARDING THE FINALISATION OF THE EMPOWERMENT TRANSACTION
BETWEEN IMPLATS AND THE ROYAL BAFOKENG NATION
Shareholders are advised that the transaction between inter alia Implats, the
RBN and RBH and certain of its subsidiaries ("the RBN Group") in terms of which:
- Implats pre-paid all royalties due and payable to the RBN for the 31-year
period from 1 July 2007 in an amount of R12 483 million; and
- the RBN Group subscribed for 75 115 204 Implats shares for an aggregate
amount of R12 483 million, was approved by Implats shareholders in a general
meeting held today.
75 115 200 new Implats shares were issued to the RBN Group on 6 March 2007. An
additional 4 new Implats shares will be issued for an aggregate cash
consideration of R1 898 million to the RBN Group on 25 April 2007.
Johannesburg
18 April 2007
Financial adviser and transaction sponsor to Implats
Morgan Stanley South Africa (Pty) Limited
Legal and tax adviser to Implats
Deneys Reitz
Reporting accountants to Implats
PricewaterhouseCoopers Advisory Services (Pty) Limited
Corporate Tax Advisor to Implats
Dianne Dobson
Sponsor to Implats
Deutsche Securities (SA) (Pty) Limited
Legal adviser to RBH
Bell Dewar Hall
Morgan Stanley South Africa (Pty) Limited has acted for Impala Platinum Holdings
Limited and no one else in relation to this transaction and will not be
responsible for providing the protections afforded to its clients to any other
person.
Date: 18/04/2007 13:29:46 Produced by the JSE SENS Department. |