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ROYAL BAFOKENG PLATINUM LIMITED - Further Irrevocable Commitments received in respect of the Rights Offer

Release Date: 11/03/2019 14:00
Code(s): RBP RBPCB     PDF:  
Wrap Text
Further Irrevocable Commitments received in respect of the Rights Offer

ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
Bond code: RBPCB ISIN: ZAE000243853
(“RBPlat” or the “Company”)

FURTHER IRREVOCABLE COMMITMENTS RECEIVED IN RESPECT OF THE RIGHTS OFFER

Shareholders are referred to the announcement released by the Company on SENS on 5 March 2019
(“Announcement”), wherein they were advised that RBPlat intends to raise up to R1 029 109 268 by way of a
renounceable rights offer (“Rights Offer”) at a price of R22.00 per share.

The board of directors of RBPlat (“Board”) is pleased to advise shareholders that the Company has now received
further irrevocable commitments from shareholders to follow their rights allocated in respect of the Rights Offer, on
the same terms and conditions as the initial irrevocable commitments, such that the Rights Offer is now supported
by 86.7% of shareholders, representing secured aggregate Rights Offer proceeds of R891.9 million.

Shareholders are reminded that the Rights Offer will open for acceptances at 09h00 on Monday, 18 March 2019
and close at 12h00 on Friday, 29 March 2019.

A circular providing additional information on the Rights Offer, including the salient dates and times and procedures
that shareholders should follow in accepting their rights, will be available on the RBPlat website
(http://www.bafokengplatinum.co.za/) from today, 11 March 2019.


Johannesburg
11 March 2019

Corporate advisor and transaction sponsor                Legal advisor
Questco (Pty) Ltd                                        Bowmans

JSE sponsor                                              JSE debt sponsor
Merrill Lynch South Africa (Pty) Ltd                     Rand Merchant Bank
                                                         (a division of FirstRand Bank Limited)
For further information, please contact:

Lindiwe Montshiwagae
Executive: Investor Relations
Tel: +27 (0)10 590 4510
Email: lindiwe@bafokengplatinum.co.za

Date: 11/03/2019 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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