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NORTHAM PLATINUM LIMITED - Listing of tap issues NHM016 and NHM018

Release Date: 05/06/2020 17:00
Code(s): NHM018 NHM016     PDF:  
Wrap Text
Listing of tap issues – NHM016 and NHM018

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Debt issuer code: NHMI
Bond code: NHM016 Bond ISIN: ZAG000167750
Bond code: NHM018 Bond ISIN: ZAG000168097
(“Northam”)

LISTING OF TAP ISSUES – NHM016 AND NHM018

The JSE Limited (“JSE”) has granted approval for the listing of tap issues of both NHM016 and NHM018 Senior
Unsecured Floating Rate Notes (“Notes”), issued under the Northam Platinum Limited ZAR10 000 000 000
Domestic Medium Term Note Programme, dated 3 August 2012, as amended and supplemented from time to
time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 8 June 2020.

The details pertaining to the tap issue of NHM016 series are as follows:

 Instrument Type:                                     Senior Unsecured Floating Rate Notes
 Total Notes in Issue:                                ZAR5 640 748 994.00 including this issue of Notes and
                                                      the issue of notes under NHM018 on the same Issue Date
 Instrument Code:                                     NHM016
 Tranche Number:                                      2
 Nominal Amount:                                      ZAR130 000 000.00
 Issue Price:                                         100.674455%
 Interest Rate:                                       3 Month ZAR-JIBAR plus 425 bps per annum, being
                                                      8.792% on the first Interest Rate Determination Date (3
                                                      Month ZAR-JIBAR as at 6 May 2020 of 4.542% plus 425
                                                      bps)
 Interest Rate Determination Date(s):                 11 August, 11 November, 11 February, and 11 May (or the
                                                      first Business Day of each Interest Period) of each year
                                                      until the Maturity Date, with the first Interest Rate
                                                      Determination Date being 6 May 2020
 Coupon Rate Indicator:                               Floating
 Issue Date:                                          8 June 2020
 Interest Commencement Date:                          11 May 2020
 Maturity Date:                                       11 May 2025
 Final Redemption Amount:                             100% of Nominal Amount
 Last Day to Register:                                By 17h00 on 31 July, 31 October, 31 January and 30 April
                                                      of each year until the Maturity Date or if such day is not a
                                                      Business Day, the Business Day before each Books
                                                      Closed Period
 Books Close Period:                                  1 August to 10 August, 1 November to 10 November,
                                                      1 February to 10 February and 1 May to 10 May of each
                                                      year until the Maturity Date (all dates inclusive), or if any
                                                      early redemption occurs, 10 Days prior to the actual
                                                      Redemption Date
 Interest Payment Date(s):                            11 August, 11 November, 11 February, and 11 May of
                                                      each year until the Maturity Date, 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:                                                ZAG000167750
 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/145-
                                                      2020/1288-applicable-pricing-supplement-nhm016-tap-
                                                      issue


The details pertaining to the tap issue of NHM018 series are as follows:

 Instrument Type:                                     Senior Unsecured Floating Rate Notes
 Total Notes in Issue:                                ZAR5 640 748 994.00 including this issue of Notes and
                                                      the issue of notes under NHM016 on the same Issue
                                                      Date
 Instrument Code:                                     NHM018
 Tranche Number:                                      2
 Nominal Amount:                                      ZAR350 000 000.00
 Issue Price:                                         100.311337%
 Interest Rate:                                       3 Month ZAR-JIBAR plus 375 bps per annum, being
                                                      8.117% on the first Interest Rate Determination Date (3
                                                      Month ZAR-JIBAR as at 20 May 2020 of 4.367% plus
                                                      375 bps)
 Interest Rate Determination Date(s):                 25 August, 25 November, 25 February, and 25 May (or
                                                      the first Business Day of each Interest Period) of each
                                                      year until the Maturity Date, with the first Interest Rate
                                                      Determination Date being 20 May 2020
 Coupon Rate Indicator:                               Floating
 Issue Date:                                          8 June 2020
 Interest Commencement Date:                          25 May 2020
 Maturity Date:                                       25 May 2023
 Final Redemption Amount:                             100% of Nominal Amount
 Last Day to Register:                                By 17h00 on 14 August, 14 November, 14 February, and
                                                      14 May of each year until the Maturity Date or if such day
                                                      is not a Business Day, the Business Day before each
                                                      Books Closed Period
 Books Close Period:                                  15 August to 24 August, 15 November to 24 November,
                                                      15 February to 24 February and 15 May to 24 May of
                                                      each year until the Maturity Date (all dates inclusive), or
                                                      if any early redemption occurs, 10 Days prior to the
                                                      actual Redemption Date
 Interest Payment Date(s):                            25 August, 25 November, 25 February, and 25 May of
                                                      each year until the Maturity Date, 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:                                                ZAG000168097
 Business Day Convention:                             Following Business Day
 Other:                                               The APS contains 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/145-
                                                      2020/1289-applicable-pricing-supplement-nhm018-tap-
                                                      issue



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,
25 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 the Notes pertain to the Note Switch.

Johannesburg
5 June 2020


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: 05-06-2020 05:00:00
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