Old Mutual Acquires 5.04% Stake in Northam Platinum Holdings Limited

In a significant development in the South African financial landscape, Old Mutual Limited has acquired a notable beneficial interest in the securities of Northam Platinum Holdings Limited. The acquisition positions Old Mutual as a holder of a 5.04% stake in Northam Platinum Holdings, signaling a strategic move within the mining sector.

Key Details

Companies Involved:

• Northam Platinum Holdings Limited: Registration number: 2020/905346/06
• Northam Platinum Limited: Registration number: 1977/003282/06

Securities Information:

1. Northam Platinum Holdings Limited:
   • Share code: NPH
   • ISIN: ZAE000298253
2. Northam Platinum Limited:
   • Debt issuer code: NHMI
   • Bonds Issued:
   Bond CodeBond ISINNHM015ZAG000164922NHM016ZAG000167750NHM019ZAG000168105NHM021ZAG000181496NHM022ZAG000190133NHM023ZAG000190968NHM024ZAG000195926NHM025ZAG000195934NHM026ZAG000195942

Old Mutual’s Strategic Move

Old Mutual’s acquisition of a 5.04% beneficial interest in Northam Platinum Holdings aligns with its strategic investment approach in the South African market. This move underscores the attractiveness of Northam Platinum Holdings as an investment opportunity, particularly in the mining sector.

Legal Compliance and Filing Requirements

The acquisition follows the legal framework outlined in section 122(3)(b) of the Companies Act, No. 71 of 2008, and adheres to paragraph 3.83(b) of the JSE Limited Listings Requirements. To ensure regulatory compliance, Northam Platinum Holdings will file the necessary notification with the Takeover Regulation Panel and the Companies and Intellectual Property Commission, as required by sections 122(3)(a) and 122(3A) of the Companies Act.

Board Responsibility and Certification

The board of directors of Northam Platinum Holdings takes full responsibility for the accuracy and completeness of the information contained in this announcement. The board certifies that, to the best of their knowledge and belief, the disclosed information is true, and there are no omissions that would render any statement false or misleading. This commitment is in line with the legal requirements of the Companies Act and the JSE Listings Requirements.

Future Implications

As Old Mutual establishes a foothold in Northam Platinum Holdings, market observers will closely monitor the impact of this strategic move. The acquisition may pave the way for future collaborations or partnerships within the mining industry, contributing to the broader economic landscape in South Africa.

Old Mutual’s acquisition of a 5.04% stake in Northam Platinum Holdings Limited marks a significant development in the local financial sector. The strategic investment not only positions Old Mutual as a key player in the mining industry but also sets the stage for potential synergies between the two companies in the future. Market participants will be keenly watching for further developments and the potential implications for South Africa’s mining and financial markets.