Finalisation announcement in relation to the Odd-lot Offer
IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP
JSE Convertible Bond Stock Code: IMCB22
JSE Convertible Bond ISIN: ZAE000247458
ADR code: IMPUY
(“Implats” or “the Company”)
FINALISATION ANNOUNCEMENT IN RELATION TO THE ODD-LOT OFFER
1. Finalisation information
Unless otherwise defined, the definitions and interpretations contained in the circular issued by Implats on
Monday, 14 September 2020 (“Circular”) apply, mutatis mutandis, to the terms used in this announcement.
On Monday, 14 September 2020, Implats issued the Circular to Implats Shareholders relating to the proposed
implementation of the Odd-lot Offer, which will result in the repurchase by the Company of the Odd-lot Holdings
from the Odd-lot Holders at the Offer Price, being at a 10% premium to the 30-calendar day volume weighted
average price of an Implats Share at the close of business on Monday, 26 October 2020, which Offer Price is
equal to 17 272.20150 cents (R172.72201).
Further to the results of the General Meeting of Implats Shareholders announced on SENS on Wednesday, 14
October 2020, Implats Shareholders are advised that all conditions precedent to the Odd-lot Offer have now been
fulfilled and that the Odd-lot Offer is accordingly unconditional, and Implats will proceed with implementing the
The repurchased Odd-lot Holdings will be delisted with effect from the commencement of trading on or about
Wednesday, 11 November 2020 and will thereafter be cancelled.
2. Salient dates and times
Implats Shareholders are reminded of the following salient dates and times in relation to the Odd-lot Offer:
Last day to trade to participate in the Odd-lot Offer Tuesday, 3 November
Implats Shares trade ex-Odd lot Offer Wednesday, 4 November
Forms of election and surrender to be received by the transfer
secretaries in South Africa (Computershare Investor Services
Proprietary Limited) and the United Kingdom (Computershare Investor
Services plc (“Computershare UK”)) by 12:00 (SA time) or 10:00 (UK Friday, 6 November
Record date for the Odd-lot Offer Friday, 6 November
Odd-lot Offer closes at 12:00 (SA time) or 10:00 (UK time) Friday, 6 November
Payment of the Cash Consideration to Certificated Odd-lot Holders who
have accepted the Odd-lot Offer or who have made no election(4) Monday, 9 November
Dematerialised Odd-lot Holders who have accepted the Odd-lot Offer or
who have made no election will have their accounts at their CSDP or
broker credited with the Cash Consideration Monday, 9 November
Results of the Odd-lot Offer released on SENS Monday, 9 November
Results of the Odd-lot Offer published in the press Tuesday, 10 November
Cancellation and termination of listing of Implats Shares repurchased in
terms of the Odd-lot Offer expected on or about Wednesday, 11 November
Computershare UK to despatch cheque payments in respect of the Cash
Consideration to Odd-lot Holders on the UK share register on or before(4) Friday, 13 November
1. These salient dates and times are subject to amendment at the discretion of the Company. Any such
amendments will be released on SENS.
2. All times quoted are local times in South Africa and in the United Kingdom.
3. Implats Shareholders may not dematerialise or rematerialise their Implats Shares after the last day to
trade, being Wednesday, 4 November 2020 to Friday, 6 November 2020, both dates inclusive.
4. Odd-lot Holders on the United Kingdom share register are referred to paragraph 8.2.4 of the Circular,
and are hereby advised that Implats has obtained the necessary approval from the SARB to remit the
Cash Consideration to Odd-lot Holders who are non-residents of the Common Monetary Area via
Computershare UK, whom will make payment to such Odd-lot Holders by cheque.
27 October 2020
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Edward Nathan Sonnebergs Inc
Date: 27-10-2020 11:00:00
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