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Northam wants its CEO, CFO to be elected to RBPlat board

JSE-listed Northam Platinum has requested that Royal Bafokeng Platinum (RBPlat) convene a shareholders meeting to consider the appointment of two Northam representative directors on the RBPlat board.

This follows Northam’s acquisition of a 32.76% stake in RBPlat for R17-billion, making it the largest shareholder of the company, with the option of increasing its stake to 33.3% and further to 34.9%, the latter of which involves a put and call option agreement with an RBPlat subsidiary.

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