To view the PDF file, sign up for a MySharenet subscription.

NORTHAM PLATINUM LIMITED - Trading statement

Release Date: 16/08/2021 07:05
Wrap Text
Trading statement

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: NHM007       Bond ISIN: ZAG000158593
Bond code: NHM009       Bond ISIN: ZAG000158866
Bond code: NHM011       Bond ISIN: ZAG000159237
Bond code: NHM012       Bond ISIN: ZAG000160136
Bond code: NHM014       Bond ISIN: ZAG000163650
Bond code: NHM015       Bond ISIN: ZAG000164922
Bond code: NHM016       Bond ISIN: ZAG000167750
Bond code: NHM018       Bond ISIN: ZAG000168097
Bond code: NHM019       Bond ISIN: ZAG000168105
Bond code: NHM020       Bond ISIN: ZAG000172594
(“Northam” or the “group”)

TRADING STATEMENT

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements (“JSE 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 corresponding period.

The group expects to deliver a solid set of financial results for the year ended 30 June 2021 (“F2021”),
underpinned by production growth and an increase in PGM commodity prices, despite the backdrop of the
ongoing global COVID-19 pandemic.

The table below provides the key financial features for F2021 which the group expects to report, compared
to those reported for the year ended 30 June 2020 (“F2020”):

                                                 Forecast 30 June         Actual 30 June
                                                             2021                   2020          % variance
 
 Basic earnings per share (cents)               2 650.8 – 2 712.8                  620.0     327.5% – 337.5%

 Headline earnings per share (cents)            2 656.9 – 2 718.9                  619.5     328.9% – 338.9%
 
 Normalised headline earnings per 
 share (cents)                                  2 098.1 – 2 165.7                  676.3     210.2% – 220.2%

 Number of shares in issue including
 treasury shares                                      509 781 212            509 781 212                   -
 
 Weighted average number of shares*                   349 875 759            349 875 759                   -

*Used to determine the basic and headline earnings per share, calculated as 509 781 212 shares in issue less
159 905 453 shares held by Zambezi Platinum (RF) Limited (“Zambezi”). Zambezi is Northam’s major empowerment
shareholder and Zambezi’s financial results are consolidated into the group’s financial results.

The forecast financial information is based on draft financial results for Northam for the year ended 30 June
2021 (the “draft financial results”), which has been prepared using accounting policies that are consistent
with previously published results of Northam. These draft financial results provide the board of directors of
Northam with a reasonable degree of certainty that the financial results for F2021 will differ by at least 20%
from the financial results for F2020.

The financial information included in this announcement constitutes forecast financial information in terms
of regulations 111(9) and 111(10) of the Companies Regulations, 2011, and is the responsibility of the
board of directors of Northam.

Northam’s auditors, Ernst & Young Incorporated, have issued a report on the forecast financial information
contained in this announcement in accordance with regulations 111(9) and 111(10) of the Companies
Regulations, 2011, which is available for inspection at Northam’s registered offices. The draft financial
results for F2021 have not been audited or reported on by Northam’s auditors.

The audited results for the year ended 30 June 2021 are expected to be published on or about
30 September 2021.



Johannesburg
16 August 2021

Sponsor and Debt Sponsor
One Capital

Date: 16-08-2021 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story