Impala Platinum Holdings Limited - Sale of Implats" stake in Barplats Holdings
Impala Platinum Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1957/001979/06)
JSE Share code: IMP
Sale of Implats" stake in Barplats Holdings Limited ("Barplats")
Implats announces today that further progress has been made with regard to the
sale of its indirectly held 83.2% stake in Barplats to the Salene Platinum
Consortium ("the Consortium").
Following the agreement concluded with the Consortium on 5 March 2004, the full
purchase price of R388.9 million has been guaranteed by a suitable bank
guarantee in favour of Barplats Holdings Limited, a wholly owned subsidiary of
This represents a purchase price of R2.10 per share.
The transaction remains subject to the approval of the South African Competition
Commission. It is anticipated that that filing will be made during the course of
this week. Provided that the transaction is approved by the Competition
Commission, it is anticipated that the transaction can be concluded by the
financial year end (30 June).
21 April 2004
Sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 21/04/2004 11:11:05 AM Produced by the JSE SENS Department