NORTHAM PLATINUM LIMITED Incorporated in the Republic of South Africa

Registration number: 1977/003282/06

Debt issuer code: NHMI

Bond code: NHM011 Bond ISIN: ZAG000159237

("Northam")

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").

Bond Code:

NHM011

ISIN:

ZAG000159237

Reduction in the nominal amount:

R325 000 000

Remaining nominal amount in issue:

R243 000 000

The Reduction will be effected through the purchase by Northam of the relevant number of Applicable Notes and the surrender thereof to the transfer agent under the Programme for cancellation, with effect from 19 April 2022.

The purchase by Northam of the Applicable Notes forms part of a note switch, whereby the maturity date in respect of the nominal amount of the Applicable Notes will be effectively extended through the purchase and cancellation of the Applicable Notes and the simultaneous issue of new notes under the Programme, for the same nominal amount, with longer maturity dates ("Note Switch"). The nominal amount of the Note Switch will be issued as part of the sixth tranche to be issued under bond series NHM018 (maturing on 25 May 2023).

The rationale for the Note Switch is to enable Northam to maintain a minimum level of medium-term gearing.

Johannesburg

13 April 2022

Corporate Advisor to Northam

Sole Arranger, Dealer and Debt Sponsor to

One Capital

One Capital

Northam in respect of the Programme

Attorneys to Northam

Webber Wentzel

Attorneys to Northam, the Arranger and the

Dealer in respect of the Programme

Bowman Gilfillan Inc.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Northam Platinum Ltd. published this content on 13 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 15:24:07 UTC.