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”)
- Published on 25 May 2015
Shareholders are referred to the Northam SENS announcement published on Wednesday, 20 May 2015 pertaining to the notification received from shareholders in terms of section 122(3)(b) of the Act and section 3.83(b) of the JSE Listings Requirements.
The Public Investment Corporation SOC Ltd. (''PIC'') disposed of shares in Northam pursuant to Northam’s R6.6 billion, 10 year, secured broad-based black economic empowerment transaction (BEE Transaction). Following a review of their external managed holdings, the PIC has confirmed its total interest in the issued ordinary share capital of Northam to be 7.86% following the BEE Transaction.
Northam has filed the relevant notices with the Takeover Regulation Panel in terms of section 122(3)(a) of the Act.
25 May 2015
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