Notification in terms of section 122(3)(b) of the companies act, no. 71 OF 2008 (the "Act") and section 3.83(b) of the JSE Limited Listings Requirements (“JSE Listing Requirements”)
Shareholders are referred to the Northam circular dated 17 February 2015 and the Northam offer circular dated 21 April 2015 relating to Northam’s fully funded R6.6 billion, 10 year secured broad-based black economic empowerment transaction (the “BEE Transaction”).
Pursuant to the BEE Transaction, and in accordance with Section 122(3)(b) of the Act and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised of the following:
- the Public Investment Corporation SOC Ltd. (''PIC'') has disposed of shares in Northam, and the total interest held by the PIC now amounts to 4.8% of the total issued share capital of Northam; and
- Zambezi Platinum (RF) Ltd (“Zambezi Platinum”) has acquired shares in Northam, and the total interest held by Zambezi Platinum amounts to 31.4% of the total issued share capital of Northam
Northam will file the relevant notices with the Takeover Regulation Panel, as required in terms of section 122(3)(a) of the Act.
20 May 2015
Sponsor and Debt Sponsor