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Zambezi Platinum (RF) Limited - NHM/NHM001/ZPLP-155% oversubscription of Zambezi Platinum Preference Share Offer

Release Date: 18/05/2015 15:42
Code(s): ZPLP NHM NHM001     PDF:  
Wrap Text
NHM/NHM001/ZPLP-155% oversubscription of Zambezi Platinum Preference Share Offer

NORTHAM PLATINUM LIMITED                                        ZAMBEZI PLATINUM (RF) LIMITED
Incorporated in the Republic of South Africa             Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)                          (Registration number 2014/106927/06)
JSE share code: NHM                                               JSE preference share code: ZPLP
ISIN code: ZAE000030912                                                   ISIN code: ZAE000202552
Debt issuer code: NHMI                                                        (“Zambezi Platinum”)
ISIN code: ZAG000099524
Letters of allocation share code: NHMN
Letters of allocation ISIN code: ZAE000203014
(“Northam”)


155% OVERSUBSCRIPTION OF ZAMBEZI PLATINUM PREFERENCE SHARE OFFER



1.   INTRODUCTION
     Northam shareholders (“Shareholders”) are referred to the Northam offer circular dated
     21 April 2015 (“Offer Circular”) regarding the offer by Northam, on behalf of Zambezi Platinum,
     of 112,195,122 preference shares in Zambezi Platinum to existing Shareholders in proportion to
     their shareholding in Northam, through the issue of renounceable nil paid letters of allocation.
     Unless otherwise stated, the capitalised terms and expressions used in this announcement bear
     the same meanings ascribed thereto in the Offer Circular.


     Pursuant to the Offer, applications to subscribe for 174,128,116 new Zambezi Platinum
     Preference Shares were received, representing 155% of the Offer Shares. Accordingly, Zambezi
     Platinum has successfully raised the funds required for purposes of acquiring 112,195,122 new
     Northam Shares for an aggregate amount of R4.6 billion.


2.   RESULTS
     The Offer closed at 12:00 on Friday, 15 May 2015 (“Record Date”). The results of the Offer are
     as follows:

                                                       Number of Offer          Percentage of
                                                       Shares or Excess         Offer Shares
                                                       Offer Shares

      Offer Shares available for subscription                    112 195 122                  100%

      Offer Shares and Excess Offer Shares applied               174 128 116                155.2%
      for

      Offer Shares issued to applicants exercising               110 020 226                 98.1%
      Rights

      Excess Offer Shares issued to applicants                      2 174 986                  1.9%

3.  ISSUE OF THE OFFER SHARES
    Dematerialised Shareholders (or their renouncees or transferees) registered as such on the
    Record Date, who validly subscribed for Offer Shares and/or Excess Offer Shares, will have their
    accounts with their CSDP or Broker credited with Offer Shares to which they are entitled today,
    Monday, 18 May 2015 and with Excess Offer Shares (if applicable), on Wednesday, 20 May
    2015.


    Certificated Shareholders (or their renouncees or transferees) registered as such on the Record
    Date, who validly subscribed for Offer Shares and/or Excess Offer Shares, will have share
    certificates in respect of the Offer Shares to which they are entitled posted to them via registered
    post (at their own risk) today, Monday, 18 May 2015 and in respect of Excess Offer Shares (if
    applicable), on Wednesday, 20 May 2015.


Johannesburg
18 May 2015


SOLE BOOKRUNNER, CORPORATE ADVISOR, EQUITY AND DEBT SPONSOR TO NORTHAM
One Capital

DEBT SPONSOR TO ZAMBEZI PLATINUM
One Capital

ATTORNEYS TO THE BOOKRUNNER
Cliffe Dekker Hofmeyr Incorporated

ATTORNEYS TO NORTHAM
Bowman Gilfillan Incorporated

Date: 18/05/2015 03:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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