JOHANNESBURG, South Africa, Sept. 3, 2003 (PRIMEZONE) -- Minority shareholders of Zimbabwe Platinum Mines Limited (Zimplats) (Pink Sheets:IMPUY) (Other OTC:IMPAF) (JSE:Imp) (LSE:Impla) (ADRS:Impuy) can sell their shares to Impala Platinum Holdings Limited (Implats) on market until Thursday 11 September.
Several large minority holders accepted Implats' $4.08 cash offer on Friday, the closing day. Implats' controlling stake in Zimplats is now close to 80 per cent.
Implats' Finance Director, David Brown, says the late acceptance by several large minority shareholders may encourage other Zimplats' shareholders to sell.
"As a result, Implats will now stand in the market at $4.08 per share until 4pm on Thursday 11 September. This will give minority shareholders who were unsure about accepting Implats' offer the opportunity to sell at the same price, despite the offer being closed.
"Any remaining Zimplats' shareholders wishing to sell should contact their broker or financial adviser. Remaining shareholders should be aware that, as advised in the offer documentation, Implats may consider delisting Zimplats."
Zimplats is registered in Guernsey so is not subject to Australian takeover legislation.