IMP
IMPO
Implats - Results Of General Meeting
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")
RESULTS OF GENERAL MEETING
Shareholders were informed on 28 September 2006 of an agreement with the Royal
Bafokeng Nation and its subsidiaries ("the RBN") whereby Impala Platinum Limited
would discharge its obligations to periodically pay royalties to the RBN from 1
July 2007. The RBN will, after the conclusion of this transaction and in
aggregate, hold 13.4% of the fully diluted issued ordinary share capital of
Implats.
Shareholders are advised that at the general meeting held today, all the special
and ordinary resolutions proposed in the circular to Implats shareholders, dated
6 November 2006, were approved by the requisite majority of shareholders. The
special resolutions will be lodged with Companies and Intellectual Property
Registration Office for registration.
The only outstanding conditions precedent to finalising the transaction are the
signature by the Minister of Land Affairs of the Notarial Royalty Payment
Agreement and the enactment of the necessary legislation to allow for the
deductability of the pre-payment of the RBN royalty on a life-of-mine basis,
whereafter the transaction will be implemented in accordance with its terms.
Shareholders will be advised once these conditions precedent have been met.
Johannesburg
29 November 2006
Sponsor:
Deutsche Securities (SA) (Pty) Limited
Date: 29/11/2006 12:30:02 PM Produced by the JSE SENS Department
|