| Northam Platinum concludes fully-funded 10 year R6.6 billion BEE equity transaction combined with a R4.6 billion capital raising | |
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Published on 22 October 2014
Transaction secures HDSA ownership for at least a decade, and facilitates Northam's ability to grow with net R4.0 billion cash injection
Northam Platinum Limited (Northam) today announced the conclusion of a successful equity raising of R4.6 billion, in conjunction with a fully-funded R6.6 billion Black Economic Empowerment (BEE) transaction. The dual and inter-related transactions will secure a sustainable 35.4% Historically Disadvantaged South African (HDSA) interest in Northam and, at the same time secure funding for the company's growth ambitions.
Full media release (PDF- 157KB)
Full SENS release (PDF- 409KB)
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Northam Platinum Ltd
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PRODUCER |
CODE : NOC.BE |
ISIN : ZAE000030912 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Northam Platinum is a platinum producing company based in South africa. Northam Platinum holds various exploration projects in South Africa. Its main asset in production is NORTHAM MINE in South Africa and its main asset in development is BOOYSENTHAL in South Africa. Northam Platinum is listed in Germany, in South Africa and in United States of America. Its market capitalisation is €UR 1.8 billions as of today (US$ 2.2 billions, € 1.8 billions). Its stock quote reached its lowest recent point on December 18, 2015 at €UR 1.16, and its highest recent level on September 08, 2021 at €UR 10.50. Northam Platinum has 174 810 000 shares outstanding. |