| Mon 5 Oct 2009, 12:24 | | AQP/AQPB - Aquarius - Applicable Interest Rate On ZAR650 Million Floating Rate |
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AQP AQPB
AQP AQPB
AQP/AQPB - Aquarius - Applicable Interest Rate On ZAR650 Million Floating Rate
Senior Secured Convertible Bonds
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC 26290
Share Code JSE: AQPB
ISIN Code: ZAE000134540
Share Code JSE: AQP
ISIN Code: BMG0440M1284
("Aquarius" or the "Company")
5 October 2009
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA OR JAPAN
APPLICABLE INTEREST RATE ON ZAR650 MILLION FLOATING RATE SENIOR SECURED
CONVERTIBLE BONDS
Further to the listing by Aquarius of 65,000 floating rate senior secured
convertible bonds ("Bonds") (the "Bond Issue") on the Main Board of the JSE
Limited on 11 May 2009 and pursuant to the requirement for the notification of
the interest rate applicable on the Bonds as contained in paragraph 8.4 of the
Offering Circular for the Bonds, Aquarius hereby announces that the applicable
nominal interest rate on the Bonds for the interest period commencing 31 July
2009 and ending 30 October 2009 will be 10.675%, being the sum of the 3 month
JIBAR as at 11h00 on Friday 31 July 2009 and the margin on the Bonds which is
set at 3%.
Pursuant to the previous announcement released on SENS on 15 May 2009, an amount
of R244.28 per Bond was compounded on 31 July 2009 ("Compounded Interest"). The
interest amount per Bond for the period 31 July 2009 to 30 October 2009 is
R272.64, being calculated by applying the above interest rate to the sum of the
principal amount on a Bond and the Compounded Interest, for the number of days
in this interest period. The total interest amount per Bond will therefore be
R516.92, which will be paid on the relevant Interest Payment Date, being 30
October 2009.
The Last Day to Trade the Bonds to be eligible for the interest amount to be
paid on 30 October will be Friday 16 October 2009.
For the avoidance of doubt, the price at which the Bonds are quoted on the Main
Board of the JSE Limited is a price which is not adjusted for accrued interest.
Contacts
In Australia:
Willi Boehm
+61 (0) 8 9367 5211
In the United Kingdom:
Stuart Murray
+ 27 (0) 11 656 1140
In South Africa:
Charmane Russell
+27 (0) 11 880 3924
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05/10/2009 12:24:22 Produced by the JSE SENS Department.
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