Massive shareholder support for Lonmin take-over deal

Neal Froneman, CEO, Sibanye-Stillwater

Along with the 99.65% vote in favour by Sibanye-Stillwater shareholders, all shareholders now in support of the R4.2bn all-share offer by Sibanye-Stillwater for the entire issued and to be issued ordinary share capital of Lonmin.

The deal now needs to be sanctioned by the UK Court at a hearing expected to take place on 7 June 2019.

The shareholder approval paves the way for the formation of a powerful player in the global platinum group metals market.