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').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.