“The putting is meant to broaden the free float of Anglo American Platinum, scale back the variety of shares distributed to Anglo American shareholders upon demerger and thereby scale back flowback following the demerger,” Anglo American mentioned.
The shares on supply signify about 5% of Amplats’ whole issued odd shares.
Amplats CEO Craig Miller had mentioned in July the corporate is planning a secondary itemizing in London.
(By Aatrayee Chatterjee; Enhancing by Shreya Biswas)