| Mon 21 Dec 2009, 8:00 | | AQP / AQPB - Aquarius - Applicable interest rate and initial optional redemption |
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AQP AQPB
AQP
AQP / AQPB - Aquarius - Applicable interest rate and initial optional redemption
notice on ZAR650 million floating rate senior secured convertible bonds
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC 26290
Share Code JSE: AQP
ISIN Code: BMG0440M1284
Share Code JSE: AQPB
ISIN Code: ZAE000134540
("Aquarius" or the "Company")
21 December 2009
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA OR JAPAN
APPLICABLE INTEREST RATE AND INITIAL OPTIONAL REDEMPTION NOTICE 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") 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 Condition 8.4, Aquarius announces that
the applicable Interest Rate for the Interest Period commencing 30 October 2009
and ending 31 January 2010 will be 10.242%, being the sum of 3 month JIBAR as at
11h00 on Friday 30 October 2009 and the Margin, which is set at 3%.
Further to the announcement by Aquarius on 24 November 2009 indicating its
intention to redeem all Outstanding Bonds, pursuant to Condition 10.2 Aquarius
hereby notifies Bondholders ("Initial Optional Redemption Notice") that all
Bonds Outstanding on Friday, 15 January 2010 will be redeemed at 115% of their
Principal Amount together with accrued interest up to but excluding the Initial
Optional Redemption Date, which shall be 18 January 2010 (the "Initial Optional
Redemption"). A Principal Amount of R10,000 per Bond will be paid on 18 January
2010 together with the additional Initial Optional Redemption amount of R1,500
per Bond and accrued interest of R224.48 per Bond. The total payment, inclusive
of accrued interest, that will be received by Bondholders on 18 January 2010
will be R11,724.48 per Bond (the "Redemption Payment"). The accrued interest is
calculated by multiplying the applicable Interest Rate for the Interest Period
stated above by the Principal Amount of R10,000 per Bond and multiplying such
product by the actual number of days that will elapse during the period
commencing 30 October 2009 (inclusive) and ending 18 January 2010 (exclusive),
and then dividing that product by 365.
The timetable for the Initial Optional Redemption is as follows:
2010
Last day to trade the Bonds on the JSE in order
to be recorded in the register on the record Friday, 8 January
date
Suspension of trading of the Bonds on the JSE Monday, 11 January
Record date to receive the Redemption Payment Friday, 15 January
Bondholders will have the Redemption Payment Monday, 18 January
credited to their account and their account
updated, which account is held at their Central
Securities Depository Participant ("CSDP") or
broker
Listing of Bonds terminated (at commencement of
trading) Tuesday, 19 January
Defined terms used but not defined in this notice shall have the meanings given
to them in the terms and condition of the Bond (the "Conditions").
Contacts
Aquarius Platinum Limited:
Willi Boehm +61 (0)8 9367 5211
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 21/12/2009 08:00:14 Produced by the JSE SENS Department.
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