BEE Partners

Goldplat Recovery (Pty) Limited is BEE compliant in terms of South African mineral legislation. The Company signed a binding Memorandum of Agreement (‘MoA’) with its Black Economic Empowerment (‘BEE’) partner Amabubesi Property Holdings (Pty) Ltd (‘Amabubesi’) to increase Amabubesi’s interest in GPL from 15% to 26% as required by the South African BEE legislation to be in place before 1 May 2014.

Goldplat plc, through its wholly owned subsidiary Gold Mineral Resources Limited, formed a Joint Venture company in line with South Africa's BEE policy, with Vunani Limited, a Johannesburg Stock Exchange listed BEE backed financial services group. Gold Mineral Resources and Vunani Limited hold 74 per cent. and 26 per cent. of the share capital of the Joint Venture company respectively. The Joint Venture company was established to take advantage of potential acquisition opportunities in South Africa.