Implats - Completion of sale of stake in Lonplats
Impala Platinum Holdings Limited
(Incorporated in the Republic of South Africa)
Registration No. 1957/001979/06
Share code: IMP / IMPO
ISIN: ZAE000003554
LSE: IPLA ADRs: IMPUY
(`Implats`)
Completion of sale of stake in Lonplats
Further to the detailed Company announcement on 7 September 2004, the sale of
Implats` 27.1% holding in Western Platinum Limited and Eastern Platinum Limited
(collectively `Lonplats`) has been completed. Accordingly, Implats received
payment today of a further US$667,8 million, being the gross disposal price
(US$794,5m) less a dividend already received (US$31,7m) less vendor financing
provided by Implats to the HDSAs (US$95m).
The board has approved, in terms of the current authority granted to it, a
general buy-back of shares, as the most appropriate method of returning cash to
shareholders.
Johannesburg
30 September 2004
Sponsor
Deutsche Securities (SA) (Proprietary) Limuted
Date: 30/09/2004 03:20:03 PM
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