Dealings in securities
- 29 Jun 2020
Northam shareholders (“shareholders”) are advised that on an annual basis the company awards conditional shares (as defined in the rules of the Northam Share Incentive Plan, 2011 (“SIP”)), a portion of which are not subject to performance conditions (“retention shares”) and the balance of which are subject to both operation and market performance conditions (“performance shares”), to all employees within the Paterson D lower band and above, in terms of the SIP (“awards”). In the ordinary course, awards are made in November of each year.
Northam was in a prohibited period (as defined in the JSE Limited Listings Requirements and the JSE Debt Listings Requirements (collectively, the “Listings Requirements”)), pursuant to, inter alia, the cautionary announcement published on the Stock Exchange News Service operated by the JSE Limited (“SENS”) on 2 November 2020 and the subsequent renewals thereof published on SENS on 14 December 2020, 28 January 2021 and 11 March 2021, and therefore the granting of the awards for F2021 (“F2021 awards”) was delayed, in accordance with the SIP rules.
Since the publication of the announcement on SENS on 23 March 2021, whereby the cautionary announcement was withdrawn, Northam is no longer in a prohibited period and accordingly the F2021 awards have been granted.
In accordance with the Listings Requirements, shareholders are advised of the following acceptances of the F2021 awards by directors of the company, a director of a major subsidiary of the company and Northam’s company secretary:
|Name of director:||Dr Noluyolo Yoza Jekwa|
|Name of associate:||Miss Ela Jekwa|
|Relationship with director:||Daughter|
|Nature of the transaction:||Purchase of ordinary shares|
|Nature and extent of director’s interest||Direct beneficial|
|Class of shares||Ordinary shares|
|Date of transaction||25 June 2020|
|Price per ordinary share||R113.79 per ordinary share|
|Total number of ordinary shares||175|
|Value of transaction||R19 913.25|
|Transactions completed||On market|
|Clearance obtained in terms of paragraph 3.66 of the Listings Requirements||Yes|
06 April 2021
Sponsor and Debt Sponsor