IMPALA PLATINUM HOLDINGS LIMITED - AMCU agrees to take offer to employees

Release Date: 12/06/2014 13:17
Code(s): IMP
 
Wrap Text
AMCU agrees to take offer to employees

IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP
ADR code: IMPUY
ISIN: ZAE000083648
(“Implats” or “Company”)

The following statement was released in Johannesburg by Implats in conjunction with Anglo
American Platinum Limited (“Amplats”) and Lonmin plc (“Lonmin”):

AMCU AGREES TO TAKE OFFER TO EMPLOYEES
Johannesburg, 12 June - Platinum producers, Anglo American Platinum Limited (Amplats), Impala
Platinum Holdings Limited (Implats) and Lonmin Plc (Lonmin) announce that ‘in principle’
undertakings have been reached with the leadership of the Association of Mineworkers and
Construction Union (AMCU) in respect of wages and conditions of employment. AMCU will be
discussing these ‘in principle’ undertakings with its members to seek a mandate to accept the offers
which, if given, will bring to an end the 21-week long strike.

The principles that underpin the proposals seek to achieve a sustainable future for the three
platinum companies for the benefit of all stakeholders and to afford employees the best possible
increase under the current financial circumstances.

The companies expect to receive feedback from AMCU on Friday, 13 June. Thereafter, and should an
agreement be reached, the companies will be assisting employees to ensure a safe return to a
normal working environment.

Further details will be made available once feedback is received from AMCU.

Queries:
Johan Theron
E-mail: johan.theron@implats.co.za
T: +27 (0) 11 731 9013/43
M: +27 (0) 82 809 0166


12 June 2014
Johannesburg

Sponsor to Implats
Deutsche Securities (SA) Proprietary Limited

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