Appointment of independent non-executive director, Notice of annual general meeting and no change statement

Appointment of independent non-executive director

In compliance with paragraph 3.59(a) of the JSE Limited Listings Requirements, Northam shareholders are advised that Mr David Hugh Brown has been appointed as an independent non-executive director to the board of Northam (“board”), with effect from 7 November 2017, subject to shareholder approval at the Northam annual general meeting (“AGM”), to be held on Tuesday, 7 November 2017.

Mr Brown is a Chartered Accountant (SA) and is the chief executive officer and executive director of Coal of Africa Limited.  He is also an independent non-executive director of Vodacom Group Limited.  Mr Brown spent almost 14 years at Impala Platinum Holdings Limited, where he held a number of senior management positions including that of financial director and chief executive officer. 

Mr Lazarus Zim, chairman of the board, commented, “Northam is pleased to welcome Mr Brown to the board and we look forward to benefit from his extensive experience in the mining sector, which will further strengthen the company.

Notice of annual general meeting

The AGM of Northam shareholders will be held at Glenhove Conferencing, 52 Glenhove Road, Melrose Estate, Johannesburg, South Africa on Tuesday, 7 November 2017 at 10:00 to transact the business as stated in the notice of AGM, forming part of the summarised annual report 2017 (“notice and summarised annual  report 2017”).

No change statement

Shareholders are advised that the summarised financial statements for the 12 months ended 30 June 2017, as contained in the notice and summarised annual report 2017, will be posted and also distributed electronically to shareholders today, 29 September 2017.  The audited annual financial statements for the year ended 30 June 2017 contain no material modifications to the audited preliminary report published on SENS on 25 August 2017.

The annual integrated report 2017, containing the full audited annual financial statements incorporating the auditors’ report in which Ernst & Young Inc. expressed an unmodified audit opinion, and the notice and summarised annual report 2017, are available on the following link: www.northam.co.za or can be obtained from the company’s registered office on request.

The salient dates of the AGM are as follows:

  2017
Record date to determine which shareholders are entitled to receive the notice and summarised annual report 2017 Friday, 15 September
Posting date of the notice and summarised annual report 2017 Friday, 29 September
Last day to trade in order to be eligible to attend and vote at the annual general meeting Tuesday, 24 October
Record date to determine which shareholders are entitled to attend and vote at the AGM Friday, 27 October
Forms of proxy for the AGM to be lodged by 10:00 on Monday, 6 November
AGM to be held at 10:00 on Tuesday, 7 November
Results of AGM released on SENS on Tuesday, 7 November

Johannesburg
29 September 2017

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