NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM ISIN: ZAE000030912
Debt issuer code: NHMI
Bond code: NHM002 Bond ISIN: ZAG000129024
Bond code: NHM006 Bond ISIN: ZAG000158577
Bond code: NHM007 Bond ISIN: ZAG000158593
Bond code: NHM008 Bond ISIN: ZAG000158858
Bond code: NHM009 Bond ISIN: ZAG000158866
Bond code: NHM010 Bond ISIN: ZAG000159229
Bond code: NHM011 Bond ISIN: ZAG000159237
Bond code: NHM012 Bond ISIN: ZAG000160136
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish
a trading statement as soon as they are satisfied, with a reasonable degree of certainty, that the financial
results for the current reporting period will differ by at least 20% from the financial results of the previous
Northam expects to achieve a record operating profit for the financial year ended 30 June 2019,
underpinned by a solid operating performance at both operations, well contained unit cash costs and a
higher basket price received. The group achieved a record production from own operations amounting to
519 954 4E oz, representing a 7.4% increase from F2018. Sales volumes increased by 23.3% to
583 069 4E oz.
F2019 financial highlights
F2019 F2018 Percentage movement
Revenue R10.6 billion R7.6 billion 41.0%
Operating profit R2.4 billion R823.3 million 192.7%
Basic earnings per share 16.2 - 18.2 cents (201.5) cents 108.0% - 109.0%
Headline earnings per share 14.8 - 16.8 cents (200.5) cents 107.4% - 108.4%
Number of shares in issue 509 781 212 509 781 212 N/A
Weighted average number
of shares 349 875 759 349 875 759 N/A
The group expects normalised headline earnings, defined as headline earnings adjusted for the impact of
Northam’s black economic empowerment transaction, to be in excess of R1.3 billion, representing an
increase in excess of 220% from F2018. This is the group’s main measure of financial performance.
The number of shares in issue remains unchanged at 509 781 212 (F2018: 509 781 212). The weighted
average number of shares in issue for the year ended 30 June 2019 also remains unchanged at
349 875 759 (F2018: 349 875 759 shares), which is used to calculate basic and headline earnings per
The financial information contained in this announcement has not been reviewed or reported on by
Northam’s auditors. The condensed results for the year ended 30 June 2019 are expected to be published
on or about 23 August 2019.
12 August 2019
Sponsor and Debt Sponsor
Date: 12/08/2019 05:00:00
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