- Published on 22 May 2015
Shareholders are referred to the Northam circular dated 17 February 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, certain Northam directors acquired beneficial interests in the ordinary share capital of Zambezi Platinum (RF) Limited (“Zambezi Platinum”). This has therefore resulted in the relevant Northam directors and their associates acquiring Northam shares. Disclosure of these directors interests are provided in the BEE Transaction circular.
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements (“Listings Requirements”), shareholders are advised of the following indirect beneficial interests in Northam shares, held by directors and/or their associates through Zambezi Platinum.
|Name of director:||Mr PL Zim|
|Effective number of Northam ordinary shares:||17 547 097|
|Name of director:||Ms TE Kgosi|
|Effective number of Northam ordinary shares:||635 000|
|Name of director:||Mr CK Chabedi|
|Effective number of Northam ordinary shares:||204 000|
|Date of issue:||18 May 2015|
|Class of securities:||Northam ordinary shares|
|Price per share:||The nominal amount per Northam ordinary share|
|Nature and extent of directors’ interest:||Indirect beneficial interest in Northam ordinary shares held by Zambezi Platinum|
|Transaction completed on market:||No|
|Clearance obtained in terms of paragraph 3.66 of the Listings Requirements:||Yes|
22 May 2015
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