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ZAMBEZI PLATINUM (RF) LIMITED - Transactions in securities

Release Date: 11/06/2021 08:57
Code(s): ZPLP     PDF:  
Wrap Text
Transactions in securities

ZAMBEZI PLATINUM (RF) LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2014/106927/06)
JSE preference share code: ZPLP
ISIN code: ZAE000202552
(“Zambezi”)

TRANSACTIONS IN SECURITIES

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”).

1.   INTRODUCTION

     Preference Shareholders are referred to the announcement published by Zambezi on SENS today,
     11 June 2021, regarding additional support for the Transaction obtained from, inter alia, Preference
     Shareholders (“Additional Support Announcement”).

2.   TRANSACTIONS IN SECURITIES

     The additional support obtained from Preference Shareholders today, 11 June 2021 (as detailed
     in the Additional Support Announcement), has been obtained from, inter alia, a director of Zambezi
     and certain associates of a director of Zambezi (as set out below), in their capacity as Preference
     Shareholders.

     Implementation of the Zambezi Scheme will amount to a disposal of ZPLPs by Preference
     Shareholders who are participants in the Zambezi Scheme, for a cash consideration per ZPLP
     amounting to the Face Value on the date on which the Zambezi Scheme is implemented, plus a
     15.99% premium to the Face Value (collectively, the “ZPLP Offer Consideration”).

     Accordingly, the provision of the additional support amounts to a transaction in securities.
     Preference Shareholders are therefore advised of the following transactions in securities, of which
     clearance was obtained in terms of paragraph 6.45 of the JSE Debt Listings Requirements:

     Name of director                                     Ms A H Coetzee
     Name of company of which she is a director           Zambezi Platinum (RF) Limited
     Total number of ZPLPs                                15 800 ZPLPs
     Value of transaction                                 R1 586 162.00 (based on a ZPLP Offer
                                                          Consideration as at 11 June 2021, of
                                                          R100.39)
     Nature and extent of director’s interest             Direct beneficial interest in ZPLPs
     Transaction completed on-market or off-market        N/A



     Name of director                                     Mr L C van Schalkwyk
     Name of company of which he is a director            Zambezi Platinum (RF) Limited
     Nature and extent of director’s interest             Indirect beneficial interest in ZPLPs

       
                                                                                                
     Details of transactions in securities by associates of Mr L C van Schalkwyk:

     Name of associate                                    Bepro Messina Proprietary Limited
     Relationship with director                           Mr van Schalkwyk is a shareholder and
                                                          director of Bepro Messina Proprietary Limited
     Total number of ZPLPs                                122 910 ZPLPs
     Value of transaction                                 R12 338 934.90 (based on a ZPLP Offer
                                                          Consideration as at 11 June 2021, of
                                                          R100.39)

     Name of associate                                    Mrs C van Schalkwyk
     Relationship with director                           Wife of Mr van Schalkwyk
     Total number of ZPLPs                                75 512 ZPLPs
     Value of transaction                                 R7 580 649.68 (based on a ZPLP Offer
                                                          Consideration as at 11 June 2021, of
                                                          R100.39)

     Name of associate                                    Ms C van Schalkwyk
     Relationship with director                           Daughter of Mr van Schalkwyk
     Total number of ZPLPs                                19 161 ZPLPs
     Value of transaction                                 R1 923 572.79 (based on a ZPLP Offer
                                                          Consideration as at 11 June 2021, of
                                                          R100.39)

     Name of associate                                    Mr L van Schalkwyk
     Relationship with director                           Son of Mr van Schalkwyk
     Total number of ZPLPs                                18 694 ZPLPs
     Value of transaction                                 R1 876 690.66 (based on a ZPLP Offer
                                                          Consideration as at 11 June 2021, of
                                                          R100.39)

     Transactions completed on-market or off-market  N/A


     It should be noted that the ZPLPs subject to the transactions detailed above have not yet been
     disposed of and it is only expected that such ZPLPs will be disposed of by the Preference
     Shareholders should the Zambezi Scheme be implemented, which remains subject to the fulfilment
     or waiver of various conditions precedent (as detailed in the Announcement).


Johannesburg
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
                                                      Limited




                                                                                      

Date: 11-06-2021 08:57:00
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