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ANNOUNCEMENTS 2022
- 22 Dec 2022
Further extension to the posting date of the Northam offer circular
Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the announcement published by Northam Holdings on SENS on Wednesday, 9 November 2022 (“Announcement”).
- 20 Dec 2022
Interest payment notification – NHM022
Northam bondholders are advised of the following interest payment due on Friday, 23 December 2022:
- 12 Dec 2022
Increase to the maximum cash consideration in relation to the offer, from R10 billion to R17 billion, and further information
Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the firm intention announcement published by Northam Holdings on SENS on Wednesday, 9 November 2022 (“Announcement”).
- 08 Dec 2022
Interest payment notification – NHM015
Northam bondholders are advised of the following interest payment due on Tuesday, 13 December 2022:
- 07 Dec 2022
Extension to the posting date of the Northam offer circular
Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the announcements published by Northam Holdings on SENS on Wednesday, 9 November 2022 (“Announcement”).
- 22 Nov 2022
Interest payment notifications - NHM018, NHM019, NHM020 and NHM021
Northam bondholders are advised of the following interest payments due on Friday, 25 November 2022 and Monday, 28 November 2022, respectively:
- 18 Nov 2022
Update regarding the transaction
Northam Shareholders and RBPlat Shareholders (collectively, “Shareholders”) are referred to the Announcement in terms of which Northam announced its firm intention to make a voluntary offer to RBPlat Shareholders to acquire all the Offer Shares for the Offer Consideration.
- 09 Nov 2022
Proposed acquisition by Northam of all or a portion of the issued ordinary shares in Royal Bafokeng Platinum Limited (“RBPlat”), (the “RBPlat shares”), incorporating a firm intention announcement in respect of an offer by Northam Holdings to acquire the remaining RBPlat shares, excluding treasury shares
- 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
- 09 Nov 2022
Press release: Northam signals firm intention to acquire remaining RBPlat shares
Northam Platinum Holdings Limited has announced its firm intention to make an offer to acquire the remaining shares in RBPlat which it does not already own. Northam currently holds 34.52% in RBPlat, and together with call options and a right of first refusal secured with the Royal Bafokeng Holdings group (RBH), may increase its shareholding in RBPlat to 37.80%.
- 08 Nov 2022
Interest payment notification - NHM016
Northam bondholders are advised of the following interest payment due on Friday, 11 November 2022:
- 28 Oct 2022
Northam's long-term credit rating upgraded, increase in banking facilities and settlement of amounts due to RBH
Northam Holdings and Northam Platinum are pleased to advise that the credit rating agency, Global Credit Rating Company
- 25 Oct 2022
Engagement with shareholders regarding the group’s remuneration policy and remuneration implementation report for the year ended 30 June 2022
Northam Holdings shareholders (“shareholders”) are referred to the annual general meeting of shareholders (“AGM”) held today, 25 October 2022, as well as the announcement pertaining to the voting results of the resolutions presented at the AGM (“announcement”) published on SENS on the same date.
- 25 Oct 2022
Results of annual general meeting
Northam Holdings shareholders (“shareholders”) are advised that at the annual general meeting of shareholders held on Tuesday, 25 October 2022 (“AGM”), all the ordinary resolutions (other than the non-binding resolutions 4.1 and 4.2) and special resolutions, as set out in the notice of AGM dated Tuesday, 16 August 2022, were passed by the requisite majority of shareholders present or represented by proxy at the AGM. Further details regarding the voting results for each of the resolutions are contained below.
- 20 Oct 2022
Listing of New Financial Instrument – NHM023
The JSE Limited (“JSE”) has granted approval for the listing of NHM023 Senior Unsecured Floating Rate Notes (“Notes”) under series NHM023 issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme (“Programme”), dated 29 October 2020, as amended and supplemented from time to time (“Programme Memorandum”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 21 October 2022.
- 03 Oct 2022
Availability of the broad-based black economic empowerment annual compliance verification certificate
Shareholders are hereby advised that, in accordance with the JSE Limited Listings Requirements, the company’s annual compliance verification certificate prepared in accordance with section 13(G)(2) of the Broad-Based Black Economic Empowerment Act, No. 53 of 2003, as amended, is available on the company’s website via the following link:
https://www.northam.co.za/downloads/send/148-governance/1487-broad-based-bee-rating-annexure-a-and-certificate
- 30 Sep 2022
Release of annual financial statements of the guarantor
Northam wishes to advise noteholders that the annual financial statements of Booysendal Platinum Proprietary Limited for the year ended 30 June 2022 and the independent auditor’s unmodified report thereon, are available on the Northam website at https://www.northam.co.za/downloads/send/161-fy2022/1484-booysendal-afs-30june2022 and available for inspection, during office hours, at the registered office of the Company.
Johannesburg
30 September 2022
Debt Sponsor
One Capital
- 22 Sep 2022
Listing of new financial instrument - NHM022
The JSE Limited (“JSE”) has granted approval for the listing of NHM022 Senior Unsecured Floating Rate Notes (“Notes”) under series NHM022 issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme (“Programme”), dated 29 October 2020, as amended and supplemented from time to time (“Programme Memorandum”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 23 September 2022.
- 08 Sep 2022
Interest payment notification - NHM015
Northam bondholders are advised of the following interest payment due on Tuesday, 13 September 2022:
- 26 Aug 2022
Availability of annual financial statements of the company – NHMI
Northam bondholders are hereby advised that the company’s annual financial statements for the year ended 30 June 2022, which incorporate the auditor’s unmodified audit report thereon, are available on the Northam website at https://www.northam.co.za/investors-and-media/publications/financials and available for inspection, during office hours, at the registered office of the company.
- 26 Aug 2022
Audited Group Annual Results for the year ended 30 June 2022 and Notice of Annual General Meeting
Notwithstanding the array of challenges faced during the year under review, our operations collectively achieved a steady increase in production and our growth projects remain on track.
- 26 Aug 2022
Media release - Northam output volumes soar to record levels of >719 000 oz
Northam Platinum Holdings Limited (Northam Holdings) today reported results for the 2022 financial year (F2022). The full suite of year-end reports is available on the Northam website at www.northam.co.za.
- 22 Aug 2022
Interest payment notifications - NHM018, NHM019, NHM020 AND NHM021
Northam bondholders are advised of the following interest payments due on Thursday, 25 August 2022 and Friday, 26 August 2022:
- 17 Aug 2022
Voluntary trading statement and trading update
Highlights for the year under review, 30 June 2022 (F2022)
- 17 Aug 2022
Media release: Voluntary trading statement and trading update
Highlights for the year under review, 30 June 2022 (F2022)
- 05 Aug 2022
Interest payment notification - NHM016
Northam bondholders are advised of the following interest payment due on Thursday, 11 August 2022:
- 20 Jun 2022
Passing of the independent non-executive chairman and changes to the boards of directors
It is with great sadness that the board of directors of Northam Holdings (“Northam Holdings Board”) and the board of directors of Northam Platinum (“Northam Platinum Board”) advise of the untimely passing of Mr David Hugh Brown, the independent non-executive chairman of the Northam Holdings Board and Northam Platinum Board, on Sunday, 19 June 2022.
- 08 Jun 2022
Interest payments notification – NHM012 AND NHM015
Northam bondholders are advised of the following interest payments due on Monday, 13 June 2022:
- 26 May 2022
New R2.06 billion domestic medium term note placement and extension to the maturity of R1.17 billion of domestic medium term notes under the R15 billion domestic medium term note programme
The Group is pleased to announce that it has completed a private placement of new domestic medium term notes (“Notes”) to the value of c. R2.06 billion under Northam’s R15 billion Domestic Medium Term Note Programme, as amended and/or supplemented from time to time (“Programme”) and has effectively extended the maturity of the nominal amount of certain Notes to the value of c. R1.17 billion by in excess of 2 years (collectively, the “Tap Issuances”).
- 24 May 2022
Listing of a tap issuance – NHM021
The JSE Limited (“JSE”) has granted approval for the listing of a tap issuance of Senior Unsecured Floating Rate Notes (“Notes”) under series NHM021 issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme (“Programme”), dated 29 October 2020, as amended and supplemented from time to time (“Programme Memorandum”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 26 May 2022.
- 23 May 2022
Change in transfer secretary
In compliance with paragraph 11.39(b) of the JSE Limited Listings Requirements, shareholders are advised that JSE Investor Services Proprietary Limited (“JSE Investor Services”) will replace Computershare Investor Services Proprietary Limited (“Computershare”) as the transfer secretary to Northam Holdings, with effect from 1 July 2022.
The contact details for JSE Investor Services are as follows:
- 19 May 2022
Interest payment notifications - NHM011, NHM018, NHM019, NHM020 AND NHM021
Northam bondholders are advised of the following interest payments due on Tuesday, 24 May 2022, Wednesday, 25 May 2022 and Thursday, 26 May 2022:
- 06 May 2022
Interest payment notification - NHM016
Northam bondholders are advised of the following interest payment due on Wednesday, 11 May 2022:
- 28 Apr 2022
Disclosure of an acquisition of a beneficial interest in Northam Holdings securities
In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (“Companies Act”), as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, Northam Holdings shareholders are advised that the company received notification, in the prescribed form, from Fairtree Asset Management Proprietary Limited, on behalf of its clients (“Fairtree”), advising that it has acquired a beneficial interest in the securities of Northam Holdings, such that Fairtree now holds a beneficial interest of 5.032% in the company’s total issued share capital.
- 26 Apr 2022
Disclosure of an acquisition of a beneficial interest In Northam Holdings securities
In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (“Companies Act”), as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, Northam Holdings shareholders are advised that the company received notification, in the prescribed form, from MandG Investment Managers Proprietary Limited, on behalf of its clients (“MandG”), advising that it has acquired a beneficial interest in the securities of Northam Holdings, such that MandG now holds a beneficial interest of 10.06% in the company’s total issued share capital.
- 26 Apr 2022
Media release: Northam ratchets up another project delivery record
Northam has achieved another major project milestone with the completion of drilling of its No 3 Shaft, at a world record depth of 1 382 metres at the group’s Zondereinde mine in the western bushveld. Work on the No 3 shaft at Zondereinde’s significant brownfields capital expansion project, the Western extension, started in early 2020.
- 22 Apr 2022
Listing of tap issuances – NHM016, NHM018, NHM019 AND NHM020
The JSE Limited (“JSE”) has granted approval for the listing of tap issuances of Senior Unsecured Floating Rate Notes (“Notes”) under series NHM016, NHM018, NHM019 and NHM020 issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme (“Programme”), dated 29 October 2020, as amended and supplemented from time to time (“Programme Memorandum”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 26 April 2022.
- 21 Apr 2022
Interest payment notification – NHM009
Northam bondholders are advised of the following interest payment due on Tuesday, 26 April 2022:
- 13 Apr 2022
Partial capital redemption – NHM011
Northam noteholders (“Noteholders”) are advised of the reduction in the nominal amount of notes in bond series NHM011 (the “Applicable Notes”), guaranteed by Booysendal Platinum Proprietary Limited, by an aggregate amount of R325 000 000, with effect from 19 April 2022 (“Reduction”). The Reduction will be implemented in accordance with the terms and conditions of the Northam Platinum Limited R15 000 000 000 Domestic Medium Term Note Programme as amended and/or supplemented from time to time (the “Programme”).
- 13 Apr 2022
Listing of tap issuances – NHM012, NHM018, NHM019 AND NHM021
The JSE Limited (“JSE”) has granted approval for the listing of tap issuances of Senior Unsecured Floating Rate Notes (“Notes”) under series NHM012, NHM018, NHM019 and NHM021 issued under the Northam Platinum Limited ZAR15 000 000 000 Domestic Medium Term Note Programme (“Programme”), dated 29 October 2020, as amended and supplemented from time to time (“Programme Memorandum”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 19 April 2022.
- 12 Apr 2022
Interest payment notification - NHM007
Northam bondholders are advised of the following interest payment due on Tuesday, 19 April 2022:
- 31 Mar 2022
Condensed reviewed interim financial results for the six months ended 31 December 2021
Strategically, the period under review has been significant for Northam.
- 31 Mar 2022
Northam navigates challenging operational environment
Northam Platinum Holdings Limited (Northam Holdings) today reported results for the first half of the 2022 financial year. The interim results are available on the Northam Holdings website at www.northam.co.za.
- 30 Mar 2022
Takeover regulation panel dismisses submission by the independent board of Royal Bafokeng Platinum limited (“RBPLAT”) in relation to an alleged mandatory offer by Northam
Shareholders are referred to the announcement published by Northam on SENS on 9 December 2021 in response to the announcement published by RBPlat on the same date regarding, inter alia, a submission made to the Takeover Regulation Panel (“TRP”) by the independent board of RBPlat, as constituted in terms of regulation 108 of the Companies Regulations, 2011, alleging that Northam had possibly triggered a mandatory offer in terms of section 123 of the Companies Act, No. 71 of 2008 (“Alleged Mandatory Offer”), (“RBP TRP Submission”).
- 29 Mar 2022
Change in external auditor
Shareholders and noteholders are advised that the board of directors of the company (“board”), on recommendation of Northam’s audit and risk committee, has appointed PricewaterhouseCoopers Inc. (“PwC”) as the new external auditor of the group for the financial year ending 30 June 2023, with the designated audit partner being AJ Rossouw.
- 24 Mar 2022
Trading statement and trading update
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied, with a reasonable degree of certainty, that the financial results for the current reporting period will differ by at least 20% from the financial results of the previous corresponding period.
- 09 Mar 2022
Interest payments notification – NHM012 and NHM015
Northam bondholders are advised of the following interest payments due on Monday, 14 March 2022:
- 23 Feb 2022
Interest payment notification - NHM021
Northam bondholders are advised of the following interest payment due on Monday, 28 February 2022:
- 22 Feb 2022
Interest payment notifications - NHM018, NHM019 AND NHM020
Northam bondholders are advised of the following interest payments due on Friday, 25 February 2022:
- 21 Feb 2022
Interest payment notification - NHM011
Northam bondholders are advised of the following interest payment due on Thursday, 24 February 2022:
- 21 Feb 2022
Dealing in securities
Shareholders are advised of the following dealing by a director of the company:
- 18 Feb 2022
Disclosure of an acquisition of a beneficial interest in Northam Holdings securities
In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (“Companies Act”), as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, Northam Holdings shareholders are advised that the company received notification, in the prescribed form, from Old Mutual Limited (“Old Mutual”), advising that it has acquired a beneficial interest in the securities of Northam Holdings, such that Old Mutual now holds a beneficial interest of 5.01% in the company’s total issued share capital.
- 08 Feb 2022
Interest payment notification – NHM016
Northam bondholders are advised of the following interest payment due on Friday, 11 February 2022:
- 03 Feb 2022
Changes to the audit and risk committee and social, ethics, human resources and transformation committee
Shareholders are advised that, with effect from today, Thursday 3 February 2022, Mr Mcebisi Jonas has been appointed as a member of the audit and risk committee. With this appointment, the audit and risk committee comprises Ms Hester Hickey (chairperson), Dr Yoza Jekwa and Mr Mcebisi Jonas, all of whom are independent non-executive directors of the company.
- 21 Jan 2022
Interest payment notification - NHM009
Northam bondholders are advised of the following interest payment due on Wednesday, 26 January 2022:
- 12 Jan 2022
Interest payment notification - NHM007
Northam bondholders are advised of the following interest payment due on Monday, 17 January 2022.