Minority shareholders in Zimbabwe Platinum (Zimplats) have at last been given a breakdown of the offer made for their shares by Barbican Holdings Ltd.

The announcement comes just three days before a previous offer by Impala Platinum runs out.

Zimplats published an analysis of the Barbican offer today, following a long-delayed decision by the financial services company to answer questions about how any purchase would be funded and by whom.

Barbican is offering two options to Zimplats investors. They will either offer $5 a share for up to 35 per cent of the minority shareholding, followed by a phased-in deal for shares in Newco, a company yet to be set up.

The alternative would be two dollars for each Zimplats share, and new shares in Newco on a one for one basis.

Zimplats was due to make a recommendation on the bid today, but because Barbican sent its material late yesterday, this will be delayed until tomorrow. Shareholders will have just two days to decide then, as Implats has declined to either increase or extend its offer.