Implats seeks to cut costs by reducing shareholder base
Platinum miner aims to buy shares from those who accept 10% premium as on October 26
14 September 2020 - 09:25
Impala Platinum (Implats) wants to reduce administrative costs by buying out smaller shareholders, whose number far exceed the relative value of their combined holdings.
Shareholders with less than 100 shares hold on to only 0.03% of the group’s issued shares, but the 10,123 shareholders represent 48.7% of the total number of ordinary shareholders...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.