Royal Bafokeng Platinum Aktie (7BF)

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ROYAL BAFOKENG PLATINUM Aktie • Kurs heute

6,15 EUR

-2,38 %-0,15

16. Aug 2023, Baader Bank

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Dinmalo, ROYAL BAFOKENG PLA… Hauptdiskussion, 29.11.2021 9:07 Uhr

Übernahmeangebot zu 150 ZAR!

Dinmalo, ROYAL BAFOKENG PLA… Hauptdiskussion, 29.11.2021 9:04 Uhr

RBPLAT RESPONSE TO FIRM INTENTION ANNOUNCEMENT BY IMPALA PLATINUM HOLDINGS LIMITED (“IMPLATS”) REGARDING AN OFFER TO ACQUIRE ALL OF THE SHARES OF RBPLAT NOT ALREADY HELD BY IMPLATS 1. INTRODUCTION 1.1. Shareholders of RBPlat are referred to the firm intention announcement released by Implats on SENS on Monday, 29 November 2021 (the “Firm Intention Announcement”) in terms of Regulation 101(4)(a) of the Companies Regulations, 2011 (“Companies Regulations”) in relation to Implats' firm intention to make a general offer (“Offer”) to the holders of issued ordinary shares of RBPlat (“RBPlat Shareholders”) for Implats to acquire the issued ordinary shares of RBPlat, other than treasury shares, that it does not already hold (“RBPlat Shares”) as contemplated in section 117(1)(c)(v) of the Companies Act, No. 71 of 2008, as amended (“Companies Act”) and Chapter 5 of the Companies Regulations. 1.2. As set out in the Firm Intention Announcement, the Offer consideration is an amount of approximately R150 per RBPlat Share, consisting of: (i) a cash amount of R90 per RBPlat Share; and (ii) 0.300 ordinary shares in Implats (“Implats Shares”) per RBPlat Share (the value of which equates to R60 at the 3-day volume weighted average price* (“VWAP”) of Implats Shares as at the close of business on 24 November 2021). The terms of the Offer are set out in further detail in the Firm Intention Announcement. Implats has further advised in the Firm Intention Announcement that it has already concluded agreements with certain institutional shareholders of RBPlat, being Abax Investments, Allan Gray (Pty) Ltd, Coronation Asset Management (Pty) Ltd, M&G Investment Managers (Pty) Ltd and Ninety One SA (Pty) Ltd, which the Takeover Regulation Panel (“TRP”) has permitted Implats to approach, to acquire 70,859,372 RBPlat Shares constituting approximately 24.52% of the RBPlat Shares in issue. 1.3. The Offer consideration referred to in paragraph 1.2 above represents a premium of 22% to RBPlat’s closing share price of R121.92 as at the close of business on 24 November 2021, being the reference date referred to in the Firm Intention Announcement (on the basis of Implats’ closing share price as at the close of business on 24 November 2021). The Offer consideration also represents a premium of 62% to RBPlat’s undisturbed closing share price of R94.80 as at the close of business on 26 October 2021 (on the basis of Implats’ closing share price on that date), being the date prior to the release of RBPlat’s and Implats’ joint cautionary announcement on 27 October 2021, and a premium of 75% to RBPlat’s 30-day VWAP* of R83.33 as at 26 October 2021 (on the basis of Implats’ 30-day VWAP* as at the same date). * Source: Bloomberg 1.4. The purpose of this announcement is to confirm that the Company has received a letter communicating Implats’ firm intention to make the Offer (the “Firm Intention Letter”) and provide RBPlat Shareholders with additional guidance and information in respect of the Offer, including next steps. 1.5. RBPlat has, as contemplated in Regulation 108 of the Companies Regulations, constituted an independent board of directors, consisting of Mr. Mark Moffett (Lead Independent and Chair of the Independent Board), Ms. Zanele Matlala, Ms. Louisa Stephens, Mr. Peter Ledger, Mr. Mike Rogers and Ms. Thoko Mokgosi-Mwantembe (“Independent Board”) to fulfil the role of an “independent board” for the purpose of the Offer and advising shareholders thereon as required by the Companies Regulations. 1.6. Implats has confirmed that there are no parties acting in concert with it as it relates to the Offer.