Northam composite transaction

This page contains links to all the information with regard to Northam’s new composite transaction, including the buy-back of the remaining preference shares held by Zambezi. After the buy-back, the Zambezi structure will be dismantled, with a new, 15-year BEE structure in its place.

Transaction developments

15 September 2021 SENS release Update regarding the composite transaction – foreign shareholder restrictions
07 September 2021 SENS release Update regarding the composite transaction – additional share buyback and an overall 26.1% reduction in the Northam shares in issue (net of treasury shares) pursuant to the implementation of the transaction and confirmation of the salient dates and times applicable to the Northam scheme
06 September 2021 Media release Northam composite transaction update: Repurchase of Northam shares implemented and Extended BEE Transaction becomes wholly unconditional
06 September 2021 SENS release Update regarding the composite transaction – implementation of the repurchase and extended BEE transaction becomes wholly unconditional
23 August 2021 SENS release Update regarding the composite transaction – implementation of the Zambezi scheme, pursuant to which (I) Northam acquires all the Zambezi preference shares not already held and (ii) the repurchase becomes wholly unconditional
23 August 2021 Media release Composite transaction update: implementation of Zambezi scheme
05 August 2021 SENS release Update regarding the composite transaction – Zambezi scheme becomes wholly unconditional and salient dates and times
05 August 2021 ZAMBEZI - SENS Zambezi scheme becomes wholly unconditional, confirmation of the Zambezi offer consideration and salient dates and times
20 July 2021 SENS release Update regarding the composite transaction – adoption of the Zambezi shareholder resolutions by the relevant Zambezi shareholders
20 July 2021 ZAMBEZI - SENS Update regarding the transaction – results of the Zambezi meetings
06 July 2021 SENS release Update regarding the composite transaction – competition tribunal approval
30 June 2021 SENS release Results of the general meeting and update regarding the composite transaction
30 June 2021 ZAMBEZI - SENS Update regarding the transaction – results of the Northam general meeting
22 June 2021 SENS release Changes to the board of directors
21 June 2021 SENS release Update regarding the Composite Transaction
21 June 2021 ZAMBEZI - SENS Posting of the Zambezi scheme circular
11 June 2021 SENS release Further shareholder and Zambezi preference shareholder support for the early maturity of the Zambezi BEE transaction and implementation of the extended BEE transaction and disclosure of the forecast exchange rate assumptions applied in the relevant independent expert reports
11 June 2021 SENS release Transactions in securities
11 June 2021 ZAMBEZI - SENS Further support for the transaction
11 June 2021 ZAMBEZI - SENS Transactions in securities
31 May 2021 SENS release Composite transaction – posting of circular and NHM Holdings prospectus
31 May 2021 SENS release Composite transaction – posting of circular and NHM Holdings prospectus short form
31 May 2021 ZAMBEZI - SENS Update regarding the transaction and changes to the Zambezi board
23 Mar 2021 SENS release Early maturity of the Zambezi BEE transaction and implementation of an extended BEE transaction, incorporating a firm intention announcement in respect of the acquisition by Northam Platinum Holdings Limited of the entire issued ordinary share capital in Northam, excluding treasury shares and withdrawal of cautionary announcement
23 Mar 2021 Presentation Proposed transaction to accelerate maturity of the Zambezi BEE transaction and extend HDP ownership for the next 15 years
Presentation webcast
23 Mar 2021 Media release Northam proposes transaction to accelerate maturity of Zambezi transaction

Transaction timeline

	2021
Publication of Northam Circular and the Northam Holdings Prospectus	Monday, 31 May
Last day to trade (LDT) in NHM shares to secure recording in the Northam register and attendance and participation at the general meeting	Monday, 14 June
Record Date : the date on which a NHM shareholder must be recorded in the NHM Register to be eligible to attend, participate in and vote at the General Meeting, on	Friday, 18 June
Forms of Proxy (blue) to be received by 10:00, on	Monday, 28 June

Notes

*The dates and times set out in this timeline are indicative and are only a selection of the key dates to the Transaction; the timeline must be read in conjunction with the Northam circular and Northam Holdings Prospectus.

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