Dealings in securities

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited (“JSE”) Listings Requirements, Northam advises its shareholders of the following dealing by a director of the company:

Exercise of Northam options

Name of director Ayanda Zemini Khumalo
Date of transaction 3 March 2017
Nature of transaction Exercise of options, paid out as appreciation cash, in terms of the Northam Share Option Scheme. These options vested on18 October 2010 and Mr Khumalo is required to exercise these options, on or before 17 October 2017, failing which they will lapse. 
Class of securities Appreciation cash in respect of ordinary shares
Number of options 62 500 options and 2 450 claw back options
Price at which options were granted R46.57 for the options and R40.00 for the claw back options
Price at which options were exercised R54.91
Value of transaction R557 779.50
Nature and extent of director’s interest Direct beneficial
Transaction completed on market No
Clearance obtained in terms of paragraph 3.66 of the JSE Listings Requirements Yes

Purchase of Zambezi Platinum (RF) Limited (“Zambezi Platinum”) preference shares (“preference shares”)

In terms of the Northam broad-based economic empowerment transaction implemented on 18 May 2015, Zambezi Platinum holds ordinary shares in Northam. Pursuant to the preference share terms, Zambezi Platinum is entitled to elect to settle the preference share redemption amount in cash, Northam ordinary shares or a combination thereof. Accordingly, in compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, Northam advises its shareholders of the following dealing by an associate of a director of a major subsidiary of the company and of Zambezi Platinum:

Name of director of major subsidiary   Leon Charl van Schalkwyk
Name of associate C van Schalkwyk
Relationship with director Wife of Mr van Schalkwyk
Name of major subsidiary Booysendal Platinum Proprietary Limited
Nature of transaction Indirect purchase of preference shares
Class of shares Preference shares
Date of transaction 7 March 2017
Price per preference share Various different trades with the following price information:
  • volume weighted average price of R52.96;
  • highest price of R53.00; and
  • lowest price of R52.20
Total number of preference shares 52 374 preference shares
Value of transaction R2 773 742.00
Nature and extent of director’s interest Indirect beneficial interest in Zambezi Platinum resulting in an indirect exposure to Northam ordinary shares
Transaction completed on market Yes
Clearance obtained in terms of paragraph 3.66 of the JSE Listings Requirements  Yes

Johannesburg
8 March 2017

Sponsor and Debt Sponsor
One Capital