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|05/08/2021||ZAMBEZI PLATINUM (RF) LIMITED - Zambezi scheme becomes wholly unconditional, confirmation of Zambezi offer consideration & salient dates and times|
|20/07/2021||ZAMBEZI PLATINUM (RF) LIMITED - Update regarding the transaction - results of the Zambezi meetings|
|30/06/2021||ZAMBEZI PLATINUM (RF) LIMITED - Update regarding the transaction results of the Northam general meeting|
|21/06/2021||ZAMBEZI PLATINUM (RF) LIMITED - Posting of Zambezi scheme circular, notice of general meetings, independent expert report & salient dates and times|
|11/06/2021||ZAMBEZI PLATINUM (RF) LIMITED - Transactions in securities|
|11/06/2021||ZAMBEZI PLATINUM (RF) LIMITED - Further support for the Transaction|
|31/05/2021||ZAMBEZI PLATINUM (RF) LIMITED - Update regarding the Transaction and changes to the Zambezi Board|
|The mighty Zambezi River, one of Africa's largest, sustains the livelihoods of millions
of people in four sub-Saharan countries. Much like this invaluable watercourse, Zambezi Platinum (RF) Limited (Zambezi or Zambezi Platinum) provides a solid foundation to fuel new mining opportunities, grow a sustainable modern mining company and deliver benefits for all its stakeholders for many years to come.
Zambezi is a special purpose black economic empowerment (BEE) vehicle established in October 2014 as a result of a R6.6 billion BEE transaction with Northam Platinum Limited (Northam). The transaction included the successful raising of R4.6 billion and was approved by Northam shareholders on 19 March 2015. In terms of the transaction, Northam issued 112 195 122 new shares (equivalent to 22% of Northam's issued share capital). These shares were supplemented by 47 710 331 shares (equivalent to 9.4% of Northam's issued share capital), sold to Zambezi by the Public Investment Corporation SOC Limited (PIC), a long-standing Northam shareholder.
Zambezi comprises and represents a range of historically disadvantaged South African (HDSA) stakeholders including an employee trust, two community trusts, a women's group and a core of strategic partners. Together they hold a 31.4% stake in Northam. Zambezi has financed the acquisition of shares in Northam through a preference share arrangement. Apart from this function Zambezi does not conduct any operational business. Zambezi's preference shares were listed on the JSE Limited (JSE) on 11 May 2015.