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NORTHAM PLATINUM LIMITED - Dealings in securities

Release Date: 06/04/2021 17:04
Wrap Text
Dealings in securities

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM ISIN: ZAE000030912
Debt issuer code: NHMI
Bond code: NHM002      Bond ISIN: ZAG000129024
Bond code: NHM006      Bond ISIN: ZAG000158577
Bond code: NHM007      Bond ISIN: ZAG000158593
Bond code: NHM009      Bond ISIN: ZAG000158866
Bond code: NHM011      Bond ISIN: ZAG000159237
Bond code: NHM012      Bond ISIN: ZAG000160136
Bond code: NHM014      Bond ISIN: ZAG000163650
Bond code: NHM015      Bond ISIN: ZAG000164922
Bond code: NHM016      Bond ISIN: ZAG000167750
Bond code: NHM018      Bond ISIN: ZAG000168097
Bond code: NHM019      Bond ISIN: ZAG000168105
Bond code: NHM020      Bond ISIN: ZAG000172594
(“Northam” or the “company”)

DEALINGS IN SECURITIES

Northam shareholders (“shareholders”) are advised that on an annual basis the company awards conditional
shares (as defined in the rules of the Northam Share Incentive Plan, 2011 (“SIP”)), a portion of which are not
subject to performance conditions (“retention shares”) and the balance of which are subject to both operation
and market performance conditions (“performance shares”), to all employees within the Paterson D lower band
and above, in terms of the SIP (“awards”). In the ordinary course, awards are made in November of each year.

Northam was in a prohibited period (as defined in the JSE Limited Listings Requirements and the JSE Debt
Listings Requirements (collectively, the “Listings Requirements”)), pursuant to, inter alia, the cautionary
announcement published on the Stock Exchange News Service operated by the JSE Limited (“SENS”) on 2
November 2020 and the subsequent renewals thereof published on SENS on 14 December 2020, 28 January
2021 and 11 March 2021, and therefore the granting of the awards for F2021 (“F2021 awards”) was delayed, in
accordance with the SIP rules.

Since the publication of the announcement on SENS on 23 March 2021, whereby the cautionary announcement
was withdrawn, Northam is no longer in a prohibited period and accordingly the F2021 awards have been
granted.

In accordance with the Listings Requirements, shareholders are advised of the following acceptances of the
F2021 awards by directors of the company, a director of a major subsidiary of the company and Northam’s
company secretary:

Nature of transactions:                  Acceptance of awards of conditional shares, comprising retention
                                         shares and performance shares, in terms of the SIP
Class of securities:                     The awards of conditional shares provide participants (as defined in
                                         the SIP rules) with the right to settlement, after the vesting date, by
                                         way of the equivalent rand value of Northam shares, determined in
                                         accordance with the SIP rules
Vesting date:                            31 October 2023
Transactions completed on market:        No                                                                                                         
Clearance obtained in terms of the       Yes
Listings Requirements:


Transaction 1
Name of director of the company:         PA Dunne
Date of award acceptance:                31 March 2021
Total number of Northam shares           39 600
covered by the awards:                   (9 900 retention shares and 29 700 performance shares)
Strike price and value of transaction:   Rnil
Nature and extent of interest:           Direct beneficial


Transaction 2
Name of director of the company:         AH Coetzee
Date of award acceptance:                31 March 2021
Total number of Northam shares           18 330
covered by the awards:                   (4 580 retention shares and 13 750 performance shares)
Strike price and value of transaction:   Rnil
Nature and extent of interest:           Direct beneficial


Transaction 3
Name of director of a major subsidiary   LC van Schalkwyk
of the company:
Name of major subsidiary:                Booysendal Platinum Proprietary Limited
Date of award acceptance:                31 March 2021
Total number of Northam shares           15 340
covered by the awards:                   (3 830 retention shares and 11 510 performance shares)
Strike price and value of transaction:   Rnil
Nature and extent of interest:           Direct beneficial


Transaction 4
Name of company secretary:               PB Beale
Date of award acceptance:                31 March 2021
Total number of Northam shares           9 530
covered by the awards:                   (2 380 retention shares and 7 150 performance shares)
Strike price and value of transaction:   Rnil
Nature and extent of interest:           Direct beneficial


Johannesburg
06 April 2021

Sponsor and Debt Sponsor
One Capital




                                                                                                  

Date: 06-04-2021 05:04:00
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