Announcements 2019
Dealing in securities
- 17 Dec 2019
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements (“JSE Listings Requirements”), Northam hereby advises its shareholders of the following acceptances of awards of retention shares and performance shares in terms of the Northam Share Incentive Plan (“SIP”), (“Awards”) by directors of the company, a director of a major subsidiary and the company secretary of Northam. These Awards are issued at nil cost and shall be settled in cash upon vesting, subject to the rules of the SIP.
Name of director | Paul Anthony Dunne |
Date of award acceptance | 13 December 2019 |
Nature of transaction | Acceptance of Awards of ordinary shares in terms of the SIP |
Class of securities | Award in terms of the SIP |
Total number of ordinary shares covered by the Awards |
71 600 (17 900 retention shares with no performance conditions) (53 700 performance shares with performance conditions) |
Vesting date | 100% of the retention shares and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on 31 October 2022 |
Nature and extent of director’s interest | Direct beneficial |
Transaction completed on market | No |
Clearance obtained in terms of paragraph 3.66 of the JSE Listings Requirements | Yes |
Name of director | Aletta Helena Coetzee |
Date of award acceptance | 13 December 2019 |
Nature of transaction | Acceptance of Awards of ordinary shares in terms of the SIP |
Class of securities | Award in terms of the SIP |
Total number of ordinary shares covered by the Awards |
32 280 (8 065 retention shares with no performance conditions) (24 215 performance shares with performance conditions) |
Vesting date | 100% of the retention shares and depending onn targets met in terms of the performance conditions, between nil to 135% of the performance shares on 31 October 2022 |
Nature and extent of director’s interest | Direct beneficial |
Transaction completed on market | No |
Clearance obtained in terms of paragraph 3.66 of the JSE Listings Requirements | Yes |
Name of director of major subsidiary | Leon Charl van Schalkwyk |
Name of major subsidiary | Booysendal Platinum Proprietary Limited |
Date of award acceptance | 13 December 2019 |
Nature of transaction | Acceptance of Awards of ordinary shares in terms of the SIP |
Class of securities | Award in terms of the SIP |
Total number of ordinary shares covered by the Awards |
26 650 (6 660 retention shares with no performance conditions) (19 990 performance shares with performance conditions) |
Vesting date | 100% of the retention shares and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on 31 October 2022 |
Nature and extent of director’s interest | Direct beneficial |
Transaction completed on market | No |
Clearance obtained in terms of paragraph 3.66 of the JSE Listings Requirements |
Yes |
Name of company secretary | Patricia Beatrice Beale |
Date of award acceptance | 13 December 2019 |
Nature of transaction | Acceptance of Awards of ordinary shares in terms of the SIP |
Class of securities | Award in terms of the SIP |
Total number of ordinary shares covered by the awards |
16 650 (4 160 retention shares with no performance conditions) (12 490 performance shares with performance conditions) |
Vesting date | 100% of the retention shares and depending on targets met in terms of the performance conditions, between nil to 135% of the performance shares on 31 October 2022 |
Nature and extent of interest | Direct beneficial |
Transaction completed on market | No |
Clearance obtained in terms of paragraph 3.66 of the JSE Listings Requirements |
Yes |
Johannesburg
17 December 2019
Sponsor and Debt Sponsor
One Capital