- Published on 09 December 2013
Northam shareholders are referred to the announcements published on SENS on 20 September 2013 and 1 November 2013, as well as the circular to shareholders issued on 18 November 2013 (circular), setting out the details of Northam’s fully subscribed R600 million renounceable claw-back rights offer of 15 million new Northam ordinary shares (claw-back shares) in the ratio of 3.92068 claw-back shares for every 100 Northam ordinary shares held on Friday, 15 November 2013, at a subscription price of R40 per claw-back share (offer).
As set out in the circular, pursuant to the commitment agreement entered into between Northam and Coronation Asset Management Proprietary Limited (subscriber), the offer was fully subscribed for.
The offer closed at 12:00 on Friday, 6 December 2013 (record date). The results of the offer are as follows:
|Number of claw-back shares||Percentage of claw-back shares|
|Claw-back shares available for subscription||15 000 000||100%|
|Claw-back shares subscribed for||6 563 015||43.75%|
|Claw-back shares allocated to the subscriber||8 436 985||56.25%|
The claw-back shares will be issued today, Monday, 9 December 2013.
Dematerialised shareholders registered as such on the record date (or their renouncees), who validly subscribed for claw-back shares, will have their accounts with their central securities depository participant or broker credited with the claw-back shares to which they are entitled today, Monday, 9 December 2013.
Certificated shareholders registered as such on the record date (or their renouncees), who validly subscribed for claw-back shares, will have share certificates in respect of the claw-back shares to which they are entitled posted to them via registered post, at their own risk, today, Monday, 9 December 2013.
Sponsor and Debt Sponsor