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Results of General Meeting - Proposed Odd-lot Offer
IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP
ISIN: ZAE000083648
JSE Convertible Bond Stock Code: IMCB22
JSE Convertible Bond ISIN: ZAE000247458
ADR code: IMPUY
(“Implats” or “the Company”)
RESULTS OF GENERAL MEETING - PROPOSED ODD-LOT OFFER
1. Results of the General Meeting
Unless otherwise defined, the definitions and interpretations contained in the circular issued by Implats on
Monday, 14 September 2020 (“Circular”) apply, mutatis mutandis, to terms used in this announcement.
On Monday 14 September 2020, Implats issued the Circular to Implats Shareholders relating to the proposed
implementation of the Odd-lot Offer, which will result in the repurchase by the Company of the Odd-lot Holdings
from the Odd-lot Holders at the Offer Price, being at a 10% premium to the 30-calendar day volume weighted
average price of an Implats Share at the close of business on Monday, 26 October 2020.
At the General Meeting of Implats Shareholders that was held today, Wednesday, 14 October 2020 (in terms of
the Circular and attached notice of general meeting), all resolutions were passed by the requisite majority of
Implats Shareholders and the voting results were as follows:
Resolution Number of As a For² Against² Abstained¹
ordinary percentage
shares of ordinary
voted shares in
issue¹
Special resolution number 1 – Authority
to effect the MoI Amendments 596 314 853 76.629% 99.997% 0.003% 0.083%
Special resolution number 2 - Specific
authority to repurchase Shares from the
Odd-lot Holders 596 310 868 76.628% 99.997% 0.003% 0.084%
Ordinary resolution number 1 – Authority
to make and implement the Odd-lot
Offer, specifically the repurchase of the
Odd-lot Holdings from the Odd-lot
Holders who do not make an election 569 310 272 76.628% 99.997% 0.003% 0.084%
Ordinary resolution number 2 - Authority
of Directors 596 314 861 76.629% 99.997% 0.003% 0.083%
Notes:
1. Based on 778 186 684 Implats ordinary shares in issue, net of treasury shares, at the date of the
General Meeting.
2. In relation to the total number of Implats ordinary shares voted at the General Meeting.
2. Salient dates and times
Implats Shareholders are reminded of the following salient dates and times in relation to the Odd-lot Offer:
2020
Odd-lot Offer opens at 09:00 (SA time) or 08:00 (UK time) Thursday, 15 October
Publication of the finalisation information (including the Offer Price) on
SENS by 11:00 (SA time) or 09:00 (UK time) Tuesday, 27 October
Publication of the finalisation information (including the Offer Price) in
the press Wednesday, 28 October
Last day to trade to participate in the Odd-lot Offer Tuesday, 3 November
Implats Shares trade ex-Odd lot Offer Wednesday, 4 November
Forms of election and surrender to be received by the transfer
secretaries in South Africa (Computershare Investor Services
Proprietary Limited) and the United Kingdom (Computershare Investor
Services plc (“Computershare UK”)) by 12:00 (SA time) or 10:00 (UK Friday, 6 November
time)
Record date for the Odd-lot Offer Friday, 6 November
Odd-lot Offer closes at 12:00 (SA time) or 10:00 (UK time) Friday, 6 November
Payment of the Cash Consideration to Certificated Odd-lot Holders
who have accepted the Odd-lot Offer or who have made no election(4) Monday, 9 November
Dematerialised Odd-lot Holders who have accepted the Odd-lot Offer
or who have made no election will have their accounts at their CSDP or
broker credited with the Cash Consideration Monday, 9 November
Results of the Odd-lot Offer released on SENS Monday, 9 November
Results of the Odd-lot Offer published in the press Tuesday, 10 November
Cancellation and termination of listing of Implats Shares repurchased
in terms of the Odd-lot Offer expected on or about Wednesday, 11 November
Computershare UK to despatch cheque payments in respect of the
Cash Consideration to Odd-lot Holders on the United Kingdom share Friday, 13 November
register on or about
Notes:
1. These salient dates and times are subject to amendment at the discretion of the Company. Any such
amendments will be released on SENS.
2. All times quoted are local times in South Africa and in the United Kingdom.
3. Implats Shareholders may not dematerialise or rematerialise their Implats Shares after the last day to
trade, being Wednesday, 4 November 2020 to Friday, 6 November 2020, both dates inclusive.
4. Odd-lot Holders on the United Kingdom share register are referred to paragraph 8.2.4 of the Circular,
and are hereby advised that Implats has obtained the necessary approval from the SARB to remit the
Cash Consideration to Odd-lot Holders who are non-residents of the Common Monetary Area via
Computershare UK, whom will make payment to such Odd-lot Holders by cheque.
Johannesburg
14 October 2020
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Legal Adviser
Edward Nathan Sonnebergs Inc
Date: 14-10-2020 04:00:00
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