Partial capital redemption – NHM009 and NHM014
- 08 Jun 2020
Northam noteholders are hereby advised, in accordance with the Terms and Conditions of the Northam Platinum Limited ZAR10 000 000 000 Domestic Medium Term Note Programme (dated 3 August 2012, as amended and / or supplemented from time to time) (the “Programme”), of the reduction in the nominal amount of notes in bond series NHM009 and NHM014 (the “Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an aggregate amount of R350 million (the “Purchased Notes”), on 8 June 2020.
|Reduction in the nominal amount of the relevant Notes:||R50 000 000.00|
|Remaining nominal amount of the relevant Notes in issue:||R100 000 000.00|
|Reduction in the nominal amount of the relevant Notes:||R300 000 000.00|
|Remaining nominal amount of the relevant Notes in issue:||R1 920 000 000.00|
The reduction in the nominal amount of the Notes was effected through the purchase by Northam of the Purchased Notes in the market and the surrender by Northam of the Purchased Notes to the Transfer Agent under the Programme for cancellation thereof on 8 June 2020.
Northam noteholders are referred to the announcement published by the Company on SENS on Monday, 25 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 purchase and cancellation of the Purchased Notes pertains to the Note Switch.
8 June 2020
Corporate Advisor and JSE Sponsor to Northam
Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Notes
Attorneys to Northam, the Arranger and the Dealer in respect of the Notes
Bowman Gilfillan Inc.