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NORTHAM PLATINUM LIMITED - Partial capital redemption - NHM011

Release Date: 13/04/2022 17:00
Code(s): NHM011     PDF:  
Wrap Text
Partial capital redemption - NHM011

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
Registration number: 1977/003282/06
Debt issuer code: NHMI
Bond code: NHM011       Bond ISIN: ZAG000159237
(“Northam”)

PARTIAL CAPITAL REDEMPTION – NHM011

Northam noteholders (“Noteholders”) are advised of the reduction in the nominal amount of notes in bond
series NHM011 (the “Applicable Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an
aggregate amount of R325 000 000, with effect from 19 April 2022 (“Reduction”). The Reduction 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:                                                                 NHM011
ISIN:                                                                      ZAG000159237
Reduction in the nominal amount:                                           R325 000 000
Remaining nominal amount in issue:                                         R243 000 000

The Reduction will be effected through the purchase by Northam of the relevant number of Applicable Notes
and the surrender thereof to the transfer agent under the Programme for cancellation, with effect from
19 April 2022.

The purchase by Northam of the Applicable Notes forms part of a note switch, whereby the maturity date
in respect of the nominal amount of the Applicable Notes will be effectively extended through the purchase
and cancellation of the Applicable 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 issued as part of the sixth tranche to be issued under bond series NHM018 (maturing on
25 May 2023).

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


Johannesburg
13 April 2022


Corporate Advisor to Northam                  
One Capital 

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

Attorneys to Northam   
Webber Wentzel  

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

Date: 13-04-2022 05:00:00
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