Circular to Amplats Shareholders - Anglo American Platinum
Circular to Amplats Shareholders - Anglo American Platinum
Circular to Amplats Shareholders - Anglo American Platinum
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“Community DevelopmentTransaction”“Companies Act”“Conditions Precedent”“Consolidation Period”“CPI”“CSDP”“CSI”“CSI Cash Spend”“Dematerialisation” or“Dematerialised”“Dematerialised <strong>Shareholders</strong>”“Dematerialised Shares”“Direc<strong>to</strong>rs”“Discounted Value per share”“Dishaba/Tumela Mine”“Dividend”“Documents of Title”“End Date”“EPS”“Equity Triggers”“ESOP”the issue of the Subscription Shares <strong>to</strong> the Trust pursuant <strong>to</strong> theSubscription and Repurchase Agreement, equivalent <strong>to</strong> 2.33% in <strong>Amplats</strong>’Ordinary Shares in issue on the Closing Date, subject <strong>to</strong> the rights andrestrictions under the Subscription and Repurchase Agreement;Companies Act (Act 71 of 2008), as amended;the conditions precedent <strong>to</strong> which the Community DevelopmentTransaction is subject, as set out in paragraph 5 of this <strong>Circular</strong>;the period commencing on the day falling on the second anniversaryof the Closing Date and ending on the day preceding the tenth anniversaryof the Closing Date;means the annual percentage change in the consumer price indexin respect of all items for metropolitan areas, excluding interest ratesand mortgage bonds, in South Africa;a central securities deposi<strong>to</strong>ry participant, accepted as a participantin terms of the Securities Services Act;corporate social investment;an annual amount of up <strong>to</strong> R30 000 000, escalated annually at the CPI,which RPM may, in its sole discretion, allocate and pay <strong>to</strong> the Trust,which will, in turn, be distributed <strong>to</strong> the Beneficiaries in accordancewith the provisions of the Trust Deed, <strong>to</strong> be utilised by the Beneficiaries<strong>to</strong> implement such CSI projects as may be approved by RPM each year forthe duration of the NVF Period;the process whereby Certificated Shares are converted in<strong>to</strong> or heldin electronic form and recorded in a sub-register of <strong>Amplats</strong> <strong>Shareholders</strong>maintained by a CSDP;<strong>Amplats</strong> <strong>Shareholders</strong> who hold Dematerialised Shares;<strong>Amplats</strong> Shares that have been Dematerialised;the direc<strong>to</strong>rs of <strong>Amplats</strong> from time <strong>to</strong> time;a value per share of R528.59, calculated as an amount equal <strong>to</strong> the MarketValue of an <strong>Amplats</strong> Ordinary Share as at the date which is two TradingDays immediately preceding the Announcement Date, being an amountequal <strong>to</strong> R556.41 per share less a discount of 5%;the platinum group metal exploration and mining operations which,as at the Closing Date, are known as “Dishaba”, “Tumela” and“Amandelbult Central Services” (formerly collectively known as“Amandelbult Section”), wholly-owned by RPM;the dividend paid or declared by the Company, including in speciedividends, in respect of an <strong>Amplats</strong> Ordinary Share;share certificates, certified transfer deeds, balance receipts or any otherDocuments of Title <strong>to</strong> Certificated Shares, acceptable <strong>to</strong> <strong>Amplats</strong>;the tenth anniversary of the Closing Date;earnings per <strong>Amplats</strong> Ordinary Share;collectively or individually, as the context may require, the First PeriodEquity Trigger, the Second Period Equity Trigger and the Final PeriodEquity Trigger;employee share option plan;6