Northam Platinum concludes fully-funded 10 year R6.6 billion BEE equity transaction combined with a R4.6 billion capital raising
- 22 Oct 2014
Transaction secures HDSA ownership for at least a decade, and facilitates Northam’s ability to grow with net R4.0 billion cash injection
Northam Platinum Limited (Northam) today announced the conclusion of a successful equity raising of R4.6 billion, in conjunction with a fully-funded R6.6 billion Black Economic Empowerment (BEE) transaction. The dual and inter-related transactions will secure a sustainable 35.4% Historically Disadvantaged South African (HDSA) interest in Northam and, at the same time secure funding for the company’s growth ambitions.
Full media release (PDF- 157KB)
Full SENS release (PDF- 409KB)