London Stock Exchange welcomes Valterra Platinum Limited to the Main Market

Valterra Platinum Limited (ticker: VALT) today celebrates its listing on the International Secondary Listing segment of the Main Market of the London Stock Exchange.

Valterra Platinum Limited is one of the world’s leading integrated producers of platinum group metals (PGMs) with a primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange. With a portfolio of outstanding long-life mines and proven processing assets, we responsibly and safely mine precious metals and associated co-products from our rich mineral resource endowment and process the PGMs and co-products at our smelting and refining operations located in South Africa and Zimbabwe. Our fully integrated value chain is supported by marketing hubs in London, Singapore and Shanghai to deliver tailored solutions for our customers. The Company will continue to be disciplined in its capital allocation, integrating sustainability into everything it does, to support the company’s investment in its mining and processing capabilities, market development activities to grow and commercialise new demand segments, and continue to make a meaningful difference to the development of the communities around our operations and return consistent and superior returns to shareholders. Valterra Platinum is committed to zero harm, capital allocation discipline and delivering on our value-accretive strategic priorities as a standalone, leading integrated PGM producer, guided by our purpose of unearthing value to better our world.

The team celebrating on the balcony at LSEG during the welcome ceremony.

“Today marks a significant milestone as Valterra Platinum joins the main market of the London Stock Exchange, complementing our primary listing in Johannesburg. Our secondary listing is a pivotal step in our evolution as a stand-alone, PGM business. Not only does this listing broaden our shareholder base and access to our world-class assets but it also underscores our commitment to long-term value creation for the benefit of all our stakeholders. I welcome all our new shareholders and look forward to the future with real excitement. Our industry-leading resource base, competitive cost position and integrated processing capacity position us well to make the most of the Platinum Group Metals industry where there is a strong case for enduring demand. As a team, we’re committed to making the most of the opportunities that lie ahead and creating significant and sustainable value for all our stakeholders.”

Craig Miller
CEO of Valterra Platinum Limited

Valterra Platinum Market Open Ceremony

[Music playing in the background.] [Market Open - Live from London Stock Exchange - Monday 2nd June 2025][Video captures from the event.][Music playing in the background.]Welcome to the London Stock Exchange. Can you feel it?The buzz of energy just before the market opens.Feels like the whole city is waiting. We love this moment.For most people, when they think of this place,they think of share prices,all those green and red numbers scrolling around the building.But behind those numbers,there are other deeper values that are just as important.The value of delivery, from media to medicines,from technology to tea,Capital Markets help finance the products and services that we use every day.The value of innovation, from vaccines to batteries, breakthroughs don't come cheap.We connect great ideas to capital, helping to build a better future for everybody.And values like trust.For three hundred years,trust has been at the heart of every transaction in this city.It still is. Hence, our motto, our word is our bond.Today and every day, these are the values behind the numbers,and they're the reason that we're able to bring you moments like this.It's only seconds away now.Everyone is holding their breath.Let's not keep them waiting.It's time to hit the button and open London's market.[Music playing in the background. Video captures from the event.][African folk dance performance at event.][Video captures from the event.]Well, good morning everybody and what a way to start the day.Please come back every morning.And if you have that effect on the share price every morning,then that would be utterly wonderful.So my name is Julia Hoggett,and I am utterly delighted to welcome Craig and everybodyhere, from Valterra plat Platinum to the London StockExchange.We're delighted to see you add a London listing today.Honoured that you're celebrating your first day oftrading as an independent business here in London byopening the market.And I have to say opening the market in a manner that I'm notcertain is going to be repeated anytime soon.You join a vibrant, and I think that is exactly the word,cohort of African businesses that are already on the LondonStock Exchange and are part of a sector where London has had along and established track record.Now, Craig, I want to pass the mic to you.I know that there's a lot of colleagues around the world whoare watching, on the live stream as well.What does today mean for you and for all the employees ofValterra? Let me pass over to you.[Craig Miller, CEO, Valterra Platinum Ltd] Good morning, Julia.My apologies, Jane.Thank you very much for for hosting us,at the the London Stock Exchange today,and good morning to to all, colleagues,ladies and gentlemen.So I think certainly, well,we've had a proud history of operating in Southern Africa,it is truly exciting to be here today,in London to celebrate a new chapter and in a new journey for our company.I think the excitement of all of us at Valterra Platinum hasbeen emulated by the amazing dancers from the the ZuluStompers dance contingent who have shown,and danced with enthusiasm and energy,and I absolutely believe that that's exactly the excitementand the passion that all of us at Valterra Platinum have going forward.So thank you very much.Today is a privilege because we get to join the ranks,of the of of many companies on the London Stock Exchange,one of the world's most respected and dynamic capital markets.And as you know, it has been a significant week for us.Not only last week did we launch the new name and our branding,but we also started trading for the first time ason the Johannesburg Stock Exchange,where we have our primary listing.And I think Volterra Platinum, as we've shown here today,is really benefiting from our position and also our purpose,and our purpose is to unearth value, to better our world.The opportunity for Valterra Platinum is significant.Our scale, our depth of expertise,and the quality of the resource base is genuinely unmatched inthe PGM sector,and being part of the global centre of mining excellencehere in London, in our own right,is an ideal place for us to unlock this enormous opportunity.And so while we've been privileged to be part of one ofthe foremost diversified miners, Anglo American,today marks a new important chapter for a company as webecome independent, a standalone entity focused onsafe, sustainable, and high performance platinum mining.With PGM demand on the app and investors increasingly lookingfor opportunities to invest in critical minerals such as PGMs,I'm sure that, Valterra Platinum stands out as aninvestment of choice.This moment is really truly special for every single one ofus, and I'm delighted on behalf of Valterra Platinum,our employees, my colleagues, our partners,and our stakeholders to be able to share this momentous day with you.So, ours is a story of value creation, of growth,and our potential is enormous.So, to our shareholders, thank you for your trust.To my colleagues,thank you for your passion and your commitment.And to our partners, thank you for the belief in our vision.We have a proud history, so let's make the future together.Thank you.[Video captures from the event.]

Quick Facts:

  • Instrument: Ordinary Shares
  • Market: Main Market of the London Stock Exchange
  • Listing Type: Listing on International Secondary Listing segment – shares continue to trade on the JSE under the existing ISIN
  • Capital Structure & Market Cap: Reflecting the approved pricing in conjunction with its parent group’s demerger, the listing affirms a market capitalisation of approximately £7.7 billion at admission

Advisors & Key Participants:

  • Transaction Advisors: Merrill Lynch South Africa Proprietary Limited trading as BofA Securities and Investec Bank Limited
  • UK Legal Counsel: Macfarlanes LLP
  • South Africa Legal Counsel: Bowman Gilfillan Inc.
  • Reporting Accountants: PricewaterhouseCoopers LLP (UK)
  • Statutory Auditor: PricewaterhouseCoopers Inc. (South Africa)

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