Implats outlines R15m share lapse

Impala Platinum (Implats) says it will implement "additional oversight and controls", following six share dealings from one of its prescribed offers only being disclosed on Tuesday, despite the earliest of these taking place nearly four years ago in December 2021.

- Hilton Tarrant

The most recent took place over a year ago on 31 October, 2024.

The mining group says it "complied with its obligations to announce these transactions when it became aware of them" to ensure "compliance with the company's disclosure obligations in terms of the JSE listings requirements and our internal policies".

Of the six transactions, five were on-market disposals totalling R14.6 million, with one on-market purchase for R610 000. None of the sales were for less than R1 million, with the price per share ranging from R102.50 to R222.

The trades were made by Johan Theron, its group executive of corporate affairs.