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NORTHAM PLATINUM LIMITED - Partial capital redemption NHM012

Release Date: 21/10/2021 17:10
Code(s): NHM012     PDF:  
Wrap Text
Partial capital redemption – NHM012

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Debt issuer code: NHMI
Bond code: NHM012
Bond ISIN: ZAG000160136
(“Northam”)

PARTIAL CAPITAL REDEMPTION – NHM012

Northam noteholders are hereby advised of the reduction in the nominal amount of notes in bond series
NHM012 (the “Relevant Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an amount
of R2 428 870 000 (the “Purchased Notes”), with effect from 11 November 2021. This will be implemented
in accordance with the terms and conditions of the Northam Platinum Limited R15 000 000 000 Domestic
Medium Term Note Programme, as amended and/or supplemented from time to time (the “Programme”).

 Bond Code:                                                                      NHM012
 ISIN:                                                                           ZAG000160136
 Reduction in the nominal amount of the Relevant Notes:                          R2 428 870 000
 Remaining nominal amount of the Relevant Notes in issue:                        R2 000 000

The reduction in the nominal amount of the Relevant Notes will be effected through the purchase by
Northam of the Purchased Notes and the surrender of the Purchased Notes to the Transfer Agent under
the Programme for cancellation thereof, with effect from 11 November 2021.

The purchase by Northam of the Purchased Notes forms part of a note switch, whereby the maturity date
in respect of the nominal amount of the Purchased Notes will be effectively extended through a purchase
and cancellation of the Purchased Notes and the simultaneous issue of new notes under the Programme,
for the same nominal amount, with longer maturity dates (“Note Switch”). The nominal amount of the Note
Switch will be split equally between bond series NHM016 (maturing on 11 May 2025) and NHM019
(maturing on 25 May 2024).

The rationale for the Note Switch is to enable Northam to maintain a minimum level of medium term gearing.


Johannesburg
21 October 2021

Corporate Advisor to Northam
One Capital

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

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

Attorneys to Northam
Webber Wentzel

Date: 21-10-2021 05:10:00
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