Announcements 2022

  • Voluntary offer by Northam Holdings to acquire all or a portion of the remaining RBPlat Shares
  • Offer consideration of R172.70 per RBPlat Share, determined as R180.50 paid to Royal Bafokeng Holdings less dividends declared by RBPlat in March 2022 and August 2022
  • Offer consideration to be settled fully in cash or, subject to the level of acceptance of the offer, a combination of cash and Northam Holdings shares. The minimum cash consideration per RBPlat Share amounts to R54.40, assuming full acceptance of the offer
  • The offer consideration represents a 20.3% premium to the 30 trading day VWAP of an RBPlat Share as at 8 November 2022
  • The offer is underpinned by a compelling rationale for all stakeholders of both Northam and RBPlat, including shareholders, employees and host and affected communities
  • RBPlat employees and host and affected communities will participate in Northam’s approved extended broad-based black economic empowerment transaction, should Northam acquire a majority shareholding in RBPlat
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