| Notification in terms of section 122(3)(b) of the companies act, no. 71 OF 2008 (the "Act") and section 3.83(b) of the JSE Limited Listings Requirements (“JSE Listing Requirements”) | |
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Published on 20 May 2015
Shareholders are referred to the Northam circular dated 17 February 2015 and the Northam offer circular dated 21 April 2015 relating to Northam's fully funded R6.6 billion, 10 year secured broad-based black economic empowerment transaction (the "BEE Transaction").
Pursuant to the BEE Transaction, and in accordance with Section 122(3)(b) of the Act and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised of the following:
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the Public Investment Corporation SOC Ltd. (''PIC'') has disposed of shares in Northam, and the total interest held by the PIC now amounts to 4.8% of the total issued share capital of Northam; and
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Zambezi Platinum (RF) Ltd ("Zambezi Platinum") has acquired shares in Northam, and the total interest held by Zambezi Platinum amounts to 31.4% of the total issued share capital of Northam
Northam will file the relevant notices with the Takeover Regulation Panel, as required in terms of section 122(3)(a) of the Act.
Johannesburg
20 May 2015
Sponsor and Debt Sponsor
One Capital
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Northam Platinum Ltd
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PRODUCER |
CODE : NOC.BE |
ISIN : ZAE000030912 |
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Northam Platinum is a platinum producing company based in South africa. Northam Platinum holds various exploration projects in South Africa. Its main asset in production is NORTHAM MINE in South Africa and its main asset in development is BOOYSENTHAL in South Africa. Northam Platinum is listed in Germany, in South Africa and in United States of America. Its market capitalisation is €UR 1.8 billions as of today (US$ 2.2 billions, € 1.8 billions). Its stock quote reached its lowest recent point on December 18, 2015 at €UR 1.16, and its highest recent level on September 08, 2021 at €UR 10.50. Northam Platinum has 174 810 000 shares outstanding. |