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

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