Notice of disposal and acquisition of beneficial interests in Northam securities
In accordance with Section 122(3)(b) of the Companies Act, No 71 of 2008, as amended and paragraph 3.83(b) of the JSE Listings Requirements, Northam shareholders are advised of the following:
- The company has received notification that the funders of Newshelf 848 Proprietary Limited (“Newshelf”) a subsidiary of Afripalm Resources Proprietary Limited, have disposed of 37 248 400 Northam shares. Consequently, Newshelf no longer has a beneficial interest in Northam (“the Disposal”).
- The company has received notification that the Public Investment Corporation (“PIC”) (on behalf of the Government Employees Pension Fund (“GEPF”)) has acquired a beneficial interest in securities of the company (“the PIC Acquisition”). Following the PIC Acquisition, PIC now holds 18.9% of the issued ordinary share capital of the company.
5 September 2012