Royal Bafokeng Holdings (RBH), on behalf of the Royal Bafokeng Nation (RBN), accepts Northam Offer for Royal Bafokeng Platinum (RBPLAT)

In various announcements today (Tuesday, 9 November 2021), the Royal Bafokeng Nation (RBN), Royal Bafokeng Holdings (RBH) and Northam Platinum (Northam) have disclosed details of an agreement in terms of which Northam will acquire RBPlat.

Albertinah Kekana, Royal Bafokeng Holdings’ Chief Executive Officer, commented “We recognise Northam’s extraordinary success in implementing its long-term growth and diversification strategy and are pleased to become a significant strategic shareholder in Northam, whilst also realising a significant value unlock from our long-term investment in and commitment to RBPlat. Equally important with this transaction is that Northam will partner with RBH and the RBN to deliver a number of high-value and high impact community initiatives for the RBN and the region as a whole, which includes employees and communities associated with RBPlat. ”

The relevant regulatory and other announcements by the parties are: