Northam’s Zambezi preference share purchases hit R12.2bn
The platinum miner pumps another R1.1bn into the shares to limit its future liability to the bare minimum
11 March 2021 - 13:31
Platinum group metals (PGMs) producer Northam Platinum has continued its inexorable purchases of preference shares in JSE-listed Zambezi Platinum as part of its strategy to deliver value for shareholders in place of dividends.
Northam has spent R12.2bn buying the preference shares and now holds 87.5% of those in issue...
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