- Published on 13 May 2015
The JSE Limited has granted approval to Zambezi Platinum for the listing of the ZPLP preference shares (“Preference Shares”) on Monday, 11 May 2015, under Zambezi Plat RF Ltd Pref, however the Preference Shares will be issued with effect from Monday, 18 May 2015.
The Preference Share terms are available in the prospectus issued by Zambezi Platinum which is available on Northam Platinum Limited’s website.
|Number of Preference Shares issued:||159 905 453|
|Nominal value:||R6 556 123 573|
|Dividend rate:||12.75%, being the aggregate of the prime rate (9.25% as at 11 May 2015) plus 3.5%|
|Issue date:||18 May 2015|
|Date from which dividend accrues:||18 May 2015|
|Maturity date:||18 May 2015|
|Last day to trade||5 business days prior to the dividend payment date|
|Dividend payment dates:||31 December of each year until the maturity date|
|Redemption price:||R6 556 123 573|
|Agent:||Andisa Capital Proprietary Limited|
The Preference Shares will be immobilised in the Central Depository and settlement will take place electronically in terms of the Debt Listings Requirements of the JSE Limited.
13 May 2015