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NORTHAM PLATINUM LIMITED - Listing of new financial instrument NHM017

Release Date: 12/05/2020 17:20
Code(s): NHM017     PDF:  
Wrap Text
Listing of new financial instrument – NHM017

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Debt issuer code: NHMI
Bond code: NHM017
Bond ISIN: ZAG000167891
(“Northam”)

LISTING OF NEW FINANCIAL INSTRUMENT – NHM017

The JSE Limited (“JSE”) has granted approval for the listing of NHM017 Senior Unsecured Floating Rate Notes
(“Notes”), under the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note Programme
dated 3 August 2012, as amended and / or supplemented from time to time (“Programme”), as guaranteed by
Booysendal Platinum Proprietary Limited, with effect from 13 May 2020.

The details pertaining to NHM017 are as follows:

 Instrument Type:                                    Senior Unsecured Floating Rate Notes
 Total Notes in Issue:                               ZAR5 325 748 994.00 including this issue
 Instrument Code:                                    NHM017
 Nominal Amount:                                     ZAR494 900 000.00
 Issue Price:                                        100%
 Interest Rate:                                      3 Month ZAR-JIBAR plus 240 bps, being 6.942% on the
                                                     first Interest rate Determination Date (3 Month ZAR-
                                                     JIBAR as at 8 May 2020 of 4.542% plus 240 bps)
 Interest Rate Determination Date(s):                26 August 2020 and 26 November 2020 (or the first
                                                     Business Day of each Interest Period), with the first
                                                     Interest Rate Determination Date being 8 May 2020
 Coupon Rate Indicator:                              Floating
 Issue Date:                                         13 May 2020
 Interest Commencement Date:                         13 May 2020
 Maturity Date:                                      26 February 2021
 Final Redemption Amount:                            100% of Nominal Amount
 Last Day to Register:                               By 17h00 on 15 August 2020, 15 November 2020 and
                                                     15 February 2021 or if such day is not a Business Day,
                                                     the Business Day before each Books Closed Period
 Books Closed Period:                                From 16 August 2020 to 25 August 2020, 16 November
                                                     2020 to 25 November 2020 and 16 February 2021 to
                                                     25 February 2021 (all dates inclusive) or if any early
                                                     redemption occurs, 10 Days prior to the actual
                                                     Redemption Date
 Interest Payment Date(s):                           26 August 2020, 26 November 2020 and 26 February
                                                     2021 or, if such day is not a Business Day, the Business
                                                     Day on which interest will be paid, as determined in
                                                     accordance with the Applicable Business Day Convention
 ISIN:                                               ZAG000167891
 Business Day Convention:                            Following Business Day
 Other:                                              The applicable pricing supplement (“APS”) contains
                                                     additional terms and conditions to the Terms and
                                                     Conditions as contained in the Programme (“Additional
                                                     Terms and Conditions”)
 Summary of Additional Terms and Conditions:         The Additional Terms and Conditions pertain to the
                                                     applicable guarantee and the amendment of Condition
                                                     16.1 (Senior Notes) by including additional Events of
                                                     Default in terms of Condition 16.1.1.9 (Other) of the
                                                     Terms and Conditions. Investors should refer to Appendix
                                                     “A” of the APS for full details of the Additional Terms and
                                                     Conditions,     available      on     Northam’s     website:
                                                     https://www.northam.co.za/downloads/send/96-
                                                     files/1282-applicable-pricing-supplement-nhm017



The Notes will be immobilised in the Central Securities Depository (CSD) and settlement will take place
electronically in terms of JSE Rules.

Northam noteholders are referred to the announcement published by the Company on SENS on Monday,
11 May 2020 (the “Announcement”) pertaining to, inter alia, a note switch whereby the maturity dates of certain
notes will be extended through a purchase and cancellation of such notes and the simultaneous issue of new
notes under the Programme with longer maturity dates, for the same nominal amount, as detailed in the
Announcement (the “Note Switch”). The issue and listing of NHM017 pertains to the Note Switch.

Johannesburg
12 May 2020

Corporate Advisor and Debt Sponsor to Northam
One Capital

Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Notes
One Capital

Attorneys to Northam, the Arranger and the Dealer in respect of the Notes
Bowman Gilfillan Inc.

Date: 12-05-2020 05:20:00
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