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Stock Market & Financial Investment News

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February 3, 2014
08:05 EDTATLAtlatsa announces completion of group restructure plan
The final phase of the restructure plan was effected on January 31, 2014 between Atlatsa and Anglo American Platinum's wholly owned subsidiary, Rustenberg Platinum Mines, including the subscription by Anglo American Platinum for 125M new shares in Atlatsa for an aggregate subscription price of ZAR 750M. The proceeds from the subscription have been utilized by Atlatsa to further reduce its outstanding debt to Anglo American Platinum and, consequently, reduce its cost of borrowing.
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