NORTHAM PLATINUM LIMITED - New R250 million Domestic Medium Term Note Subscription
NHM 201602050036A
New R250 million Domestic Medium Term Note Subscription
NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
JSE share code: NHM
ISIN code: ZAE000030912
(“Northam”)
NEW R250 MILLION DOMESTIC MEDIUM TERM NOTE SUBSCRIPTION
Northam is pleased to announce that it has entered into a subscription agreement (“agreement”)
with the Industrial Development Corporation of South Africa Limited (“IDC”) in terms of which the IDC
has agreed to subscribe for new domestic medium term notes (“notes”) to be issued by Northam, in
an amount of R250 million (“proceeds”).
The proceeds will further strengthen Northam’s balance sheet and will be applied to the development
of the company’s Booysendal expansion projects.
Paul Dunne, Northam’s chief executive officer, said:
“Northam is pleased to have the IDC as a funding partner. The confidence shown by the IDC in
Northam is appreciated in light of the current adverse market conditions. This is a significant and
important source of funding for Northam.”
Completion of the Booysendal projects will result in a significant expansion of Northam’s operating
capacity as well as the creation of new employment opportunities.
Pursuant to the agreement, the notes may be issued at Northam’s election until 30 September 2016
and will have a 3 year term and bear a floating rate of 3.9% above the 3 month JIBAR.
Johannesburg
5 February 2016
Corporate Advisor, Sponsor and Debt Sponsor to Northam
One Capital
Notes Arranger and Dealer
One Capital
Legal Advisor to Northam on the Notes
Bowman Gifillan Inc.
Date: 05/02/2016 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
