Tribunal approves Northam-Zambezi deal 

Northam – JSE-listed Northam Platinum is pleased to advise shareholders that on Monday 5 July 2021, the Competition Tribunal of South Africa unconditionally approved the merger of Northam Platinum and Northam Holdings pursuant to the Composite Transaction (the Zambezi Scheme).

Implementation of the Composite Transaction remains subject to the fulfilment or waiver of the remaining Zambezi Scheme conditions, transaction conditions and extended BEE transaction conditions.

Said Paul Dunne, Northam’s chief executive officer: “The Competition Tribunal approval represents a significant step in the process of executing on our shareholders’ mandate to implement the composite transaction.

The next key step will be to obtain the relevant Zambezi shareholder approvals on 20 July 2021, and we are pleased with the high level of commitments in place from both Zambezi preference shareholders and Zambezi ordinary shareholders.”