Further support for the Transaction
ZAMBEZI PLATINUM (RF) LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2014/106927/06)
JSE preference share code: ZPLP
ISIN code: ZAE000202552
FURTHER SUPPORT FOR THE TRANSACTION
• 97.5% total support from Preference Shareholders (including ZPLPs held by Northam)
• 80.1% total support from Preference Shareholders (excluding ZPLPs held by Northam)
• The support obtained is adequate to pass all ZPLP Resolutions
Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the
same meanings ascribed thereto in the announcement published by Zambezi on SENS on
23 March 2021 (“Announcement”).
Preference Shareholders are referred to the Announcement, regarding, inter alia:
1.1. the proposed acceleration of the maturity and wind-up of the empowerment transaction
concluded between Northam and Zambezi in May 2015 (“Transaction”); and
1.2. the proposed extended 15-year BEE transaction to restore ownership by historically
disadvantaged persons in Northam to up to 26.5% (net of treasury shares), with an emphasis
on participation by Northam group employees and host and affected communities.
2. FURTHER SUPPORT FOR THE TRANSACTION
Preference Shareholders were advised in the Announcement that support had been obtained from
Preference Shareholders (including Northam) representing 97.4% of all the ZPLPs eligible to vote
on the ZPLP Resolutions. To the extent that Northam is precluded from voting on any of the ZPLP
Resolutions, support in respect of 78.8% had been obtained.
Zambezi is pleased to advise that since the publication of the Announcement, further support has
been obtained from Preference Shareholders for the Transaction, in the form of binding
irrevocables. The total support now represents 97.5% of all the ZPLPs, inclusive of the ZPLPs held
by Northam. To the extent that Northam is precluded from voting on any of the ZPLP Resolutions,
the total support represents 80.1% of the ZPLPs eligible to vote on the ZPLP Resolutions. The
level of support obtained is adequate to pass all ZPLP Resolutions.
11 June 2021
Corporate advisor to Zambezi Corporate advisor to Northam
Nisela Capital Proprietary Limited One Capital Advisory Proprietary Limited
Attorneys to Zambezi Attorneys to Northam
Cliffe Dekker Hofmeyr Inc. Webber Wentzel
Transaction and debt sponsor to Zambezi Transaction, equity and debt sponsor to
One Capital Sponsor Services Proprietary Northam
Limited One Capital Sponsor Services Proprietary
Date: 11-06-2021 08:55:00
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