Announcements 2019

Dealings in securities

Disposal of Zambezi Platinum (RF) Limited (“Zambezi Platinum”) preference shares (“preference shares”)

In terms of the Northam broad-based black economic empowerment transaction implemented on 18 May 2015, Zambezi Platinum holds ordinary shares in Northam.  Pursuant to the preference share terms, Zambezi Platinum is entitled to elect to settle the preference share redemption amount in cash, Northam ordinary shares or a combination thereof.

Accordingly, in compliance with paragraphs 3.63 to 3.70 of the JSE Limited Listings Requirements (“Listings Requirements”), Northam advises its shareholders of the following dealings by a director and chairman of the company and Zambezi Platinum:

Name of director Mr K B Mosehla
Name of associate Adelaide Trust
Relationship with associate Trustee
Date of transaction 1 October 2019
Nature of transaction Disposal of preference shares
Class of shares Preference shares
Price per preference share Various different trades with the following price information:
  • volume weighted average price of R75.83;
  • highest price of R76.10; and
  • lowest price of R75.80
Total number of preference shares 17 200
Value of transaction R1 304 335.80
Nature and extent of director’s interest Indirect beneficial interest in Zambezi Platinum  resulting in an indirect exposure to Northam ordinary shares
Transaction completed on market Yes
Clearance obtained in terms of paragraph 3.66 of the Listings Requirements Yes

4 October 2019

Sponsor and Debt Sponsor
One Capital