Announcements 2021

Interest payment notification - NHM011

Northam bondholders are advised of the following interest payment due on Monday, 24 May 2021:


Northam bondholders are advised of the following interest payment due on Monday, 24 May 2021:

Bond Code: NHM011
ISIN No: ZAG000159237
Coupon: 7.392%
Interest Period: 24 February 2021 to 23 May 2021
Interest Amount Due: R11 139 035.18
Payment Date: 24 May 2021
Date Convention: Following Business Day

Johannesburg
19 May 2021

Debt Sponsor
One Capital

Interest payment notification - NHM014

Northam bondholders are advised of the following interest payment due on Thursday, 20 May 2021:


Northam bondholders are advised of the following interest payment due on Thursday, 20 May 2021:

Bond Code: NHM014
ISIN No: ZAG000163650
Coupon: 6.142%
Interest Period: 22 February 2021 to 19 May 2021
Interest Amount Due: R317 684.43
Payment Date: 20 May 2021
Date Convention: Following Business Day

Johannesburg
17 May 2021

Debt Sponsor
One Capital

Interest payment notification - NHM002

Northam bondholders are advised of the following interest payment due on Wednesday, 12 May 2021:


Northam bondholders are advised of the following interest payment due on Wednesday, 12 May 2021:

Bond Code: NHM002
ISIN No: ZAG000129024
Coupon: 13.5% per annum
Interest Period: 12 November 2020 to 11 May 2021
Interest Amount Due: R94 500.00
Payment Date: 12 May 2021
Date Convention: Modified Following Business Day

Johannesburg
7 May 2021

Debt Sponsor
One Capital

Listing of tap issuances – NHM007, NHM009, NHM011 and NHM018

The JSE Limited (“JSE”) has granted approval for the listing of tap issuances of Senior Unsecured Floating Rate Notes (“Notes”) under series NHM007, NHM009, NHM011 and NHM018, issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme, dated 29 October 2020, as amended and supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 7 May 2021.


The JSE Limited (“JSE”) has granted approval for the listing of tap issuances of Senior Unsecured Floating Rate Notes (“Notes”) under series NHM007, NHM009, NHM011 and NHM018, issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme, dated 29 October 2020, as amended and supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 7 May 2021.

The details pertaining to the tap issuance of the NHM007 series are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR7 755 422 841 (including this tap issue and the tap issuances under series NHM009, NHM011 and NHM018 Notes, all issuing on 7 May 2021)
Instrument Code: NHM007
Tranche Number: 2
Nominal Amount: ZAR150 000 000
Issue Price: 100.42719%
Interest Rate: 3 Month ZAR-JIBAR plus 375 bps per annum
Interest Rate Determination Date(s):      16 April, 16 July, 16 October and 16 January of each year until the Maturity Date
Coupon Rate Indicator: Floating Rate
Issue Date: 7 May 2021
Interest Commencement Date: 16 April 2021
Maturity Date: 16 April 2022
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 5 April, 5 July, 5 October and 5 January of each year until the Maturity Date, or if such day is not a Business Day, the Business Day preceding the Books Closed Period
Books Closed Period: 6 April to 15 April, 6 July to 15 July, 6 October to 15 October and 6 January to 15 January of each year until the Maturity Date (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Floating Interest Payment Date(s): 16 April, 16 July, 16 October and 16 January of each year until the Maturity Date or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
International Securities Identification Number (ISIN): ZAG000158593
Applicable Business Day Convention: Following Business Day
Other: The applicable pricing supplement (“APS”) does not contain additional terms and conditions to the Terms and Conditions as contained in the Programme. The APS is available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1355-applicable-pricing-supplement-nhm007-tap

The details pertaining to the tap issuance of the NHM009 series are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR7 755 422 841 (including this tap issue and the tap issuances under series NHM007, NHM011 and NHM018 Notes, all issuing on 7 May 2021)
Instrument Code: NHM009
Tranche Number: 2
Nominal Amount: ZAR300 000 000
Issue Price: 100.22377%
Interest Rate: 3 Month ZAR-JIBAR plus 375 bps per annum
Interest Rate Determination Date(s):      26 April, 26 July, 26 October and 26 January of each year until the Maturity Date
Coupon Rate Indicator: Floating Rate
Issue Date: 7 May 2021
Interest Commencement Date: 26 April 2021
Maturity Date: 26 April 2022
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 15 April, 15 July, 15 October and 15 January of each year until the Maturity Date, or if such day is not a Business Day, the Business Day preceding the Books Closed Period
Books Closed Period: 16 April to 25 April, 16 July to 25 July, 16 October to 25 October and 16 January to 25 January of each year until the Maturity Date (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Floating Interest Payment Date(s): 26 April, 26 July, 26 October and 26 January of each year until the Maturity Date or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
International Securities Identification Number (ISIN): ZAG000158866
Applicable Business Day Convention: Following Business Day
Other: The APS does not contain additional terms and conditions to the Terms and Conditions as contained in the Programme. The APS is available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1356-applicable-pricing-supplement-nhm009-tap

The details pertaining to the tap issuance of the NHM011 series are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR7 755 422 841 (including this tap issue and the tap issuances under series NHM007, NHM009 and NHM018 Notes, all issuing on 7 May 2021)
Instrument Code: NHM011
Tranche Number: 3
Nominal Amount: ZAR100 000 000
Issue Price: 101.45815%
Interest Rate: 3 Month ZAR-JIBAR plus 375 bps per annum
Interest Rate Determination Date(s):      24 May, 24 August, 24 November and 24 February (or the first Business Day of each Interest Period) of each year until the Maturity Date
Coupon Rate Indicator: Floating Rate
Issue Date: 7 May 2021
Interest Commencement Date: 24 February 2021
Maturity Date: 24 May 2022
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 13 May, 13 August, 13 November and
13 February of each year until the Maturity Date, or if such day is not a Business Day, the Business Day preceding the Books Closed Period
Books Closed Period: 14 May to 23 May, 14 August to 23 August, 14 November to 23 November and 14 February to 23 February of each year until the Maturity Date (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Floating Interest Payment Date(s): 24 May, 24 August, 24 November and 24 February of each year until the Maturity Date or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
International Securities Identification Number (ISIN): ZAG000159237
Applicable Business Day Convention: Following Business Day
Other: The APS does not contain additional terms and conditions to the Terms and Conditions as contained in the Programme. The APS is available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1357-applicable-pricing-supplement-nhm011-tap

The details pertaining to the tap issuance of the NHM018 series are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR7 755 422 841 (including this tap issue and the tap issuances under series NHM007, NHM009 and NHM011 Notes, all issuing on 7 May 2021)
Instrument Code: NHM018
Tranche Number: 4
Nominal Amount: ZAR100 000 000
Issue Price: 101.43790%
Interest Rate: 3 Month ZAR-JIBAR plus 375 bps per annum
Interest Rate Determination Date(s):      25 August, 25 November, 25 February and 25 May (or the first Business Day of each Interest Period) of each year until the Maturity Date
Coupon Rate Indicator: Floating Rate
Issue Date: 7 May 2021
Interest Commencement Date: 25 February 2021
Maturity Date: 25 May 2023
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 14 August, 14 November, 14 February, and 14 May of each year until the Maturity Date, or if such day is not a Business Day, the Business Day preceding the Books Closed Period
Books Closed Period: 15 August to 24 August, 15 November to 24 November, 15 February to 24 February and 15 May to 24 May of each year until the Maturity Date (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Floating Interest Payment Date(s): 25 August, 25 November, 25 February and 25 May of each year until the Maturity Date or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
International Securities Identification Number (ISIN): ZAG000168097
Applicable Business Day Convention: Following Business Day
Other: The APS does not contain additional terms and conditions to the Terms and Conditions as contained in the Programme. The APS is available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1358-applicable-pricing-supplement-nhm018-tap

The Notes will be dematerialised in the Central Securities Depository (CSD) and settlement will take place electronically in terms of JSE Rules.

Johannesburg
6 May 2021

Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Programme
One Capital

Attorneys to Northam, the Arranger and the Dealer in respect of the Programme
Bowman Gilfillan Inc.

Interest payment notification - NHM016

Northam bondholders are advised of the following interest payment due on Tuesday, 11 May 2021:


Northam bondholders are advised of the following interest payment due on Tuesday, 11 May 2021:

Bond Code: NHM016
ISIN No: ZAG000167750
Coupon: 7.892%
Interest Period: 11 February 2021 to 10 May 2021
Interest Amount Due: R22 052 420.83
Payment Date: 11 May 2021
Date Convention: Following Business Day

Johannesburg
6 May 2021

Debt Sponsor
One Capital

Partial capital redemption – NHM014

Northam noteholders are hereby advised, in accordance with the Terms and Conditions of the Northam Platinum Limited R15.0 billion Domestic Medium Term Note Programme (dated 29 October 2020, as amended and / or supplemented from time to time) (the “Programme”), of the reduction in the nominal amount of notes in bond series NHM014 (the “Relevant Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an amount of R1 908.3 million (the “Purchased Notes”), on 23 April 2021.


Northam noteholders are hereby advised, in accordance with the Terms and Conditions of the Northam Platinum Limited R15.0 billion Domestic Medium Term Note Programme (dated 29 October 2020, as amended and / or supplemented from time to time) (the “Programme”), of the reduction in the nominal amount of notes in bond series NHM014 (the “Relevant Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an amount of R1 908.3 million (the “Purchased Notes”), on 23 April 2021.

Bond Code: NHM014
ISIN: ZAG000163650
Reduction in the nominal amount: R1 908 300 000
Remaining nominal amount in issue: R21 700 000

The reduction in the nominal amount of the Relevant Notes was effected through the purchase by Northam of the Purchased Notes in the market and the surrender by Northam of the Purchased Notes to the Transfer Agent under the Programme for cancellation thereof on 23 April 2021.

The reduction in the nominal amount of the Relevant Notes forms part of a note switch whereby the maturity dates of Purchased Notes will be extended through a purchase and cancellation of such notes and the simultaneous issue of new notes for the same nominal amount as a third tranche under series NHM012, which has a longer maturity date.

Johannesburg
21 April 2021

Corporate Advisor and JSE Sponsor to Northam
One Capital

Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Programme
One Capital

Attorneys to Northam, the Arranger and the Dealer in respect of the Programme
Bowman Gilfillan Inc.

Interest payment notification – NHM009

Northam bondholders are advised of the following interest payment due on Monday, 26 April 2021:


Northam bondholders are advised of the following interest payment due on Monday, 26 April 2021:

Bond Code: NHM009
ISIN No: ZAG000158866
Coupon: 7.392%
Interest Period: 26 January 2021 to 25 April 2021
Interest Amount Due: R1 822 684.93
Payment Date: 26 April 2021
Date Convention: Following Business Day

Johannesburg
21 April 2021

Debt Sponsor
One Capital

Listing of tap issue – NHM012

The JSE Limited (“JSE”) has granted approval for the listing of a tap issuance of Senior Unsecured Floating Rate Notes under series NHM012 (“Notes”), issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme, dated 29 October 2020, as amended and/or supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 23 April 2021


The JSE Limited (“JSE”) has granted approval for the listing of a tap issuance of Senior Unsecured Floating Rate Notes under series NHM012 (“Notes”), issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme, dated 29 October 2020, as amended and/or supplemented from time to time (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 23 April 2021

The details pertaining to the tap issuance of the NHM012 series are as follows:

Instrument Type: Senior Unsecured Floating Rate Notes
Total Notes in Issue: ZAR7 105 422 841 including this issue
Instrument Code NHM012
Tranche Number: 3
Nominal Amount: ZAR1 908 300 000
Issue Price: 100.79250%
Interest Rate: 3 Month ZAR-JIBAR plus 375 bps per annum
Interest Rate Determination Date(s):       13 June, 13 September, 13 December and 13 March of each year (or the first Business Day of each Interest Period) until the Maturity Date
Coupon Rate Indicator: Floating
Issue Date: 23 April 2021
Interest Commencement Date: 15 March 2021
Maturity Date: 13 June 2022
Final Redemption Amount: 100% of Nominal Amount
Last Day to Register: By 17h00 on 2 June, 2 September, 2 December and
2 March of each year until the Maturity Date, or if such day is not a Business Day, the Business Day preceding the Books Closed Period
Books Closed Period: 3 June to 12 June, 3 September to 12 September,
3 December to 12 December and 3 March to 12 March of each year until the Maturity Date (all dates inclusive), or if any early redemption occurs, 10 Days prior to the actual Redemption Date
Floating Interest Payment Date(s): 13 June, 13 September, 13 December and 13 March of each year until the Maturity Date or, if such day is not a Business Day, the Business Day on which interest will be paid, as determined in accordance with the Applicable Business Day Convention
International Securities Identification Number (ISIN): ZAG000160136
Business Day Convention: Following Business Day
Other: The applicable pricing supplement (“APS”) does not contain additional terms and conditions to the Terms and Conditions as contained in the Programme. The APS is available on Northam’s website: https://www.northam.co.za/downloads/send/96-files/1352-applicable-pricing-supplement-nhm012-tranche-3

The Notes will be dematerialised in the Central Securities Depository (CSD) and settlement will take place electronically in terms of JSE Rules.

Johannesburg
21 April 2021

Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Programme
One Capital

Attorneys to Northam, the Arranger and the Dealer in respect of the Programme
Bowman Gilfillan Inc.

Interest payments notification – NHM006 AND NHM007

Northam bondholders are advised of the following interest payments due on Friday, 16 April 2021:


Northam bondholders are advised of the following interest payments due on Friday, 16 April 2021:

Bond Code: NHM006
ISIN No: ZAG000158577
Coupon: 6.892%
Interest Period: 18 January 2021 to 15 April 2021
Interest Amount Due: R2 050 338.62
Payment Date: 16 April 2021
Date Convention: Following Business Day

Bond Code: NHM007
ISIN No: ZAG000158593
Coupon: 7.392%
Interest Period: 18 January 2021 to 15 April 2021
Interest Amount Due: R2 516 189.74
Payment Date: 16 April 2021
Date Convention: Following Business Day

Johannesburg
13 April 2021

Debt Sponsor
One Capital

Dealing in securities

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 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:

Nature of transactions: Acceptance of awards of conditional shares, comprising retention shares and performance shares, in terms of the SIP
Class of securities: The awards of conditional shares provide participants (as defined in the SIP rules) with the right to settlement, after the vesting date, by way of the equivalent rand value of Northam shares, determined in accordance with the SIP rules
Vesting date: 31 October 2023
Transactions completed on market: No
Clearance obtained in terms of the Listings Requirements: Yes
   
Transaction 1  
Name of director of the company: PA Dunne
Date of award acceptance: 31 March 2021
Total number of Northam shares covered by the awards: 39 600
(9 900 retention shares and 29 700 performance shares)
Strike price and value of transaction: Rnil
Nature and extent of interest: Direct beneficial
   
Transaction 2  
Name of director of the company: AH Coetzee
Date of award acceptance: 31 March 2021  
Total number of Northam shares covered by the awards: 18 330
(4 580 retention shares and 13 750 performance shares)
Strike price and value of transaction: Rnil
Nature and extent of interest: Direct beneficial
   
Transaction 3  
Name of director of a major subsidiary of the company: LC van Schalkwyk
Name of major subsidiary: Booysendal Platinum Proprietary Limited
Date of award acceptance: 31 March 2021 
Total number of Northam shares covered by the awards: 15 340
(3 830 retention shares and 11 510 performance shares)
Strike price and value of transaction: Rnil
Nature and extent of interest: Direct beneficial
   
Transaction 4  
Name of company secretary: PB Beale
Date of award acceptance: 31 March 2021
Total number of Northam shares covered by the awards: 9 530
(2 380 retention shares and 7 150 performance shares)
Strike price and value of transaction: Rnil
Nature and extent of interest: Direct beneficial

Johannesburg
06 April 2021

Sponsor and Debt Sponsor
One Capital