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NORTHAM PLATINUM LIMITED - Listing of new financial instruments NHM018 and NHM019

Release Date: 22/05/2020 17:00
Code(s): NHM018 NHM019     PDF:  
 
Wrap Text
Listing of new financial instruments – NHM018 and NHM019

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Debt issuer code: NHMI
Bond code: NHM018  Bond ISIN: ZAG000168097
Bond code: NHM019  Bond ISIN: ZAG000168105
(“Northam”)

LISTING OF NEW FINANCIAL INSTRUMENTS – NHM018 AND NHM019

The JSE Limited (“JSE”) has granted approval for the listing of NHM018 and NHM019 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 supplemented from time to time (“Programme”), as
guaranteed by Booysendal Platinum Proprietary Limited, with effect from 25 May 2020.

The details pertaining to NHM018 are as follows:


 Instrument Type:                                  Senior Unsecured Floating Rate Notes
 Total Notes in Issue:                             ZAR5 525 748 994.00 including this issue
 Instrument Code                                   NHM018
 Nominal Amount:                                   ZAR671 300 000.00
 Issue Price:                                      100%
 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:                                       25 May 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 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/1284-applicable-pricing-supplement-nhm018.

The details pertaining to NHM019 are as follows:


 Instrument Type:                                  Senior Unsecured Floating Rate Notes
 Total Notes in Issue:                             ZAR5 525 748 994.00 including this issue
 Instrument Code                                   NHM019
 Nominal Amount:                                   ZAR450 000 000.00
 Issue Price:                                      100%
 Interest Rate:                                    3 Month ZAR-JIBAR plus 400 bps per annum, being
                                                   8.367% on the first Interest Rate Determination Date
                                                   (3 Month ZAR-JIBAR as at 20 May 2020 of 4.367% plus
                                                   400 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:                                       25 May 2020
 Interest Commencement Date:                       25 May 2020
 Maturity Date:                                    25 May 2024
 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:                                             ZAG000168105
 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/96-
                                                   files/1285-applicable-pricing-supplement-nhm019.

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 the NHM018 and NHM019 Notes pertains to the
Note Switch.

Johannesburg
22 May 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: 22-05-2020 05:00:00
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