Announcements 2019
Dealings in securities
- 04 Oct 2019
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:
|
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 |
Johannesburg
4 October 2019
Sponsor and Debt Sponsor
One Capital