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NORTHAM PLATINUM LIMITED - Transactions in securities

Release Date: 11/06/2021 08:52
Wrap Text
Transactions 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: 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”)

TRANSACTIONS IN SECURITIES

Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the
same meanings ascribed thereto in the combined circular to Northam shareholders, accompanied by
the prospectus in respect of Northam Platinum Holdings Limited, dated Monday, 31 May 2021.

1.   INTRODUCTION

     Shareholders are referred to the announcement published by the Company on SENS today,
     11 June 2021, regarding additional support for the Composite Transaction obtained from, inter alia,
     Zambezi Preference Shareholders (“Additional Support Announcement”).

2.   TRANSACTIONS IN SECURITIES

     The additional support obtained from Zambezi Preference Shareholders today, 11 June 2021 (as
     detailed in the Additional Support Announcement), has been obtained from, inter alia, a director of
     Northam and certain associates of a director of a major subsidiary of Northam (as set out below),
     in their capacity as Zambezi Preference Shareholders.

     Implementation of the Zambezi Scheme will amount to a disposal of Zambezi Preference Shares
     by Zambezi Preference Shareholders who are participants in the Zambezi Scheme, for a cash
     consideration per Zambezi Preference Share amounting to the Zambezi Offer Consideration.

     Accordingly, the provision of the additional support amounts to a transaction in securities.
     Shareholders are therefore advised of the following transactions in securities, of which clearance
     was obtained in terms of paragraph 3.66 of the JSE Listings Requirements and paragraph 6.45 of
     the JSE Debt Listings Requirements:




     Name of director                                    Ms A H Coetzee
     Name of company of which she is a director          Northam Platinum Limited
     Total number of ZPLPs                               15 800 ZPLPs
     Value of transaction                                R1 586 162.00 (based on a Zambezi Offer
                                                         Consideration as at 11 June 2021, of
                                                         R100.39)
     Nature and extent of interest                       Direct beneficial interest in Zambezi
                                                         Preference Shares resulting in an indirect
                                                         exposure to Northam Shares
     Transaction completed on-market or off-market       N/A



     Name of director                                    Mr L C van Schalkwyk
     Name of company of which he is a director           Booysendal Platinum Proprietary Limited, a
                                                         major subsidiary of the Company
     Nature and extent of interest                       Indirect beneficial interest in Zambezi
                                                         Preference Shares resulting in an indirect
                                                         exposure to Northam Shares


     Details of transactions in securities by associates of Mr L C van Schalkwyk:

     Name of associate                                   Bepro Messina Proprietary Limited
     Relationship with director                          Mr van Schalkwyk is a shareholder and
                                                         director of Bepro Messina Proprietary Limited
     Total number of ZPLPs                               122 910 Zambezi Preference Shares
     Value of transaction                                R12 338 934.90 (based on a Zambezi Offer
                                                         Consideration as at 11 June 2021, of
                                                         R100.39)

     Name of associate                                   Mrs C van Schalkwyk
     Relationship with director                          Wife of Mr van Schalkwyk
     Total number of ZPLPs                               75 512 Zambezi Preference Shares
     Value of transaction                                R7 580 649.68 (based on a Zambezi Offer
                                                         Consideration as at 11 June 2021, of
                                                         R100.39)

     Name of associate                                   Ms C van Schalkwyk
     Relationship with director                          Daughter of Mr van Schalkwyk
     Total number of ZPLPs                               19 161 Zambezi Preference Shares
     Value of transaction                                R1 923 572.79 (based on a Zambezi Offer
                                                         Consideration as at 11 June 2021, of
                                                         R100.39)

     Name of associate                                   Mr L van Schalkwyk
     Relationship with director                          Son of Mr van Schalkwyk
     Total number of ZPLPs                               18 694 Zambezi Preference Shares
     Value of transaction                                R1 876 690.66 (based on a Zambezi Offer
                                                         Consideration as at 11 June 2021, of
                                                         R100.39)


     Transactions completed on-market or off-market N/A


     It should be noted that the Zambezi Preference Shares subject to the transactions detailed above
     have not yet been disposed of and it is only expected that such Zambezi Preference Shares will
     be disposed of by the Zambezi Preference Shareholders should the Zambezi Scheme be
     implemented, which remains subject to the fulfilment or waiver of various conditions precedent (as
     detailed in the Circular).

Johannesburg
11 June 2021

Corporate advisor to Northam
One Capital Advisory Proprietary Limited

Transaction Sponsor and Sponsor to Northam and Debt Sponsor to Northam
One Capital Sponsor Services Proprietary Limited

Attorneys to Northam
Webber Wentzel

Date: 11-06-2021 08:52:00
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