- Published on 08 May 2015
Zambezi Platinum: Empowering a new era in mining
Johannesburg, Friday 8 May 2015. Zambezi Platinum (RF) Limited (Zambezi Platinum), the special purpose vehicle created to house the newly constituted HDSA shareholding in Northam Platinum Limited (Northam), will be admitted to the main board of the JSE on Monday 11 May 2015.
Zambezi Platinum will be issuing preference shares which are tradeable on the exchange. The JSE listing also provides a broader section of the public, other than Northam shareholders, an opportunity to invest in the preference shares.
The establishment of Zambezi Platinum follows on the back of a groundbreaking empowerment transaction concluded by Northam on 19 March 2015, when shareholders voted overwhelmingly in favour of the deal. With the conclusion of this transaction Northam has a sustainable HDSA equity holding which complies with the Mining Charter’s ownership requirements.
Through a concurrent capital raising, Northam also raised R4.6 billion to support its strategic objectives of growing the business. This has already progressed with the acquisition of the Everest mine, now known as Booysendal South.
Further details of Zambezi Platinum are available on the Northam website.
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