Sibanye-Stillwater receives South African Reserve Bank approval for proposed acquisition of Lonmin
Johannesburg, 15 May 2018: Sibanye-Stillwater is pleased to announce that it has received the approval of the South African Reserve Bank, as required in accordance with the Exchange Control Regulations of South Africa, with respect to the proposed acquisition of Lonmin Plc (“Lonmin”), which was announced on 14 December 2017 (the “Proposed Transaction”).
The Proposed Transaction remains scheduled for closure during the second calendar half of 2018 and subject to, inter alia, the passing of the required resolutions by Lonmin and Sibanye-Stillwater shareholders and the approvals of the competition authorities of the United Kingdom and South Africa.
Neal Froneman, CEO of Sibanye-Stillwater said “We are pleased to have received this important regulatory approval in a timely manner, which takes us another step closer to concluding this important transaction. Management remains focused on ensuring that the remaining conditions are met and will notify stakeholders as further progress is made.”
Investor relations contact: James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014
FORWARD LOOKING STATEMENTS
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