IMP IMPCB 201510070007A
Results of Placing
Impala Platinum Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1957/001979/06)
JSE Share Code: IMP
LSE Share Code: IPLA
ADR Code: IMPUY
JSE Convertible Bond ISIN: ZAE000175873
Convertible Bond Code: IMPCB
("Implats" or the "Company")
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA AND JAPAN, OR ANY JURISDICTION WHERE
TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAW OR REGULATION
RESULTS OF PLACING
Implats is pleased to announce the successful completion of the placing of Implats ordinary shares
announced yesterday, 6 October 2015 (the "Placing").
A total of 102 564 102 new Implats ordinary shares (the "Placing Shares") have been placed to a
broad range of institutional investors at a price of ZAR39.00 per Placing Share, raising gross proceeds
of approximately ZAR4.0 billion. The Placing Shares being issued represent approximately 16.2 per
cent of the issued ordinary share capital of the Company prior to the Placing. The remaining Implats
ordinary shares not utilised in the Placing will be returned to the authorised but unissued shares of
The issue price represents a discount of 7.1% to the closing share price on 6 October 2015 and a
discount of 12.7% to the 30 day volume weighted average closing price of Implats shares ended on 6
Subject to approval by the JSE Limited (“JSE”), listing and trading of the Placing Shares is expected to
commence on or about Wednesday, 14 October2015.
The Placing Shares, when issued, will be fully paid and will rank pari passu in all respects with the
existing ordinary shares of 2.5 cents each in the share capital of the Company including the right to
receive all dividends and other distributions declared, made or paid after the date of issue of the
7 October 2015
Underwriter and sole bookrunner Transaction sponsor
UBS Limited UBS South Africa Proprietary Limited
Co-independent financial adviser Co-independent financial adviser
Centerview Partners UK LLP aloeCap Proprietary Limited
Legal Advisers to Implats Legal Advisers to Underwriter and sole
Fasken Martineau (incorporated in South Africa as Davis Polk & Wardwell London LLP
Bell Dewar Inc.)
This announcement is restricted and is not for release, publication or distribution, in whole or in
part, directly or indirectly, in or into the United States, Australia, Canada, Japan or any other
jurisdiction in which such release, publication or distribution would be unlawful. This announcement
is for information purposes only, does not purport to be full or complete, is subject to change and
shall not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for
securities in the United States or any other jurisdiction. No reliance may be placed for any purpose
on the information contained in this announcement or its accuracy or completeness.
The Placing Shares have not been and will not be registered under the United States Securities Act of
1933, as amended (the "Securities Act"), and may not be offered or sold, directly or indirectly, in the
United States, absent registration or an exemption from, or transaction not subject to, the
registration requirements of the Securities Act. There will be no public offer of the Placing Shares in
the United States.
Neither this announcement nor the Bookbuild constitutes or is intended to constitute an offer to the
public in South Africa in terms of the South African Companies Act 71 of 2008 (as amended) ("the
South African Companies Act"). In South Africa this announcement is only being distributed to, and is
only directed at, and any investment or investment activity to which this announcement relates is
available only to, and will be engaged in only with, persons in South Africa who (i) fall within the
categories of persons set out in section 96(1)(a) of the South African Companies Act or (ii) who are
persons who subscribe, as principal, for Placing Shares at a minimum placing price of R1 000 000, as
envisaged in section 96(1)(b) of the South African Companies Act.
In member states of the European Economic Area (EEA) which have implemented the Prospectus
Directive (each, a Relevant Member State), this announcement and any offer if made subsequently is
directed exclusively at persons who are qualified investors within the meaning of the Prospectus
Directive (Qualified Investors). For these purposes, the expression Prospectus Directive means
Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent
implemented in a Relevant Member State), and includes any relevant implementing measure in the
Relevant Member State.
In the United Kingdom this announcement is only being distributed to, and is only directed at, and
any investment or investment activity to which this announcement relates is available only to, and
will be engaged in only with, Qualified Investors who are (i) investment professionals falling with
Article 19(5) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(the Order); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order, or (iii)
other persons to whom it may otherwise be lawfully communicated (all such persons together being
referred to as relevant persons). Persons who are not relevant persons should not take any action on
the basis of this announcement and should not act or rely on it.
This announcement has been issued by and is the sole responsibility of Implats. No representation or
warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or
liability is or will be accepted by the bookrunner or by any of its affiliates or agents as to, or in
relation to, the accuracy or completeness of this announcement or any other written or oral
information made available to or publicly available to any interested party or its advisers, and any
liability therefore is expressly disclaimed.
This announcement does not purport to identify or suggest the risks (direct or indirect) which may
be associated with an investment in the securities. Any investment decision to acquire securities
pursuant to the Bookbuild must be made solely on the basis of publicly available information. Any
such information has not been independently verified by the bookrunner.
The Bookrunner is acting for Implats, and no one else, in connection with the Bookbuild and will not
be responsible to anyone other than Implats for providing any protections offered to clients of the
Bookrunner, nor for providing advice in relation to the Bookbuild.
Date: 07/10/2015 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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