Shareholders of both RBPlat and Implats are advised that the Parties are in discussions relating to a non-binding indicative proposal from Implats to acquire 100% of the issued ordinary shares of RBPlat, other than treasury shares held by the RBPlat Group by way of a scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008.
Should Implats acquire all the issued ordinary shares in RBPlat, application will be made to the JSE for the issued ordinary shares of RBPlat to be delisted.
The Parties have completed a reciprocal due diligence exercise and are progressing a Proposed Transaction implementation agreement. Shareholders will be kept informed of developments in this regard.
The Proposal, which contains terms and conditions customary for a transaction of this nature, does not constitute an offer or a firm intention to make an offer as contemplated by regulation 101 of the Companies Regulations, 2011.
Accordingly, shareholders are advised to exercise caution when dealing in their RBPlat and/or Implats shares until a further announcement is made.
The board of directors of Implats and RBPlat, individually and collectively, accepted full responsibility for the accuracy of the information contained in this announcement and certify that, to the best of their knowledge and belief, such information is true and that this announcement does not omit any facts that would make any of the information false or misleading.
The board of directors of Implats and RBPlat have made all reasonable enquires to ascertain that no facts have been omitted and that this announcement contains all information required by law.