| Fri 23 Mar 2012, 14:15 | | AGL - Anglo American plc - Notice to the bondholders of redemption date |
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AGL
ANAAL
AGL - Anglo American plc - Notice to the bondholders of redemption date
Anglo American plc ("the Company")
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
THIS NOTICE IS IMPORTANT AND REQUIRES BONDHOLDERS` IMMEDIATE ATTENTION.
If Bondholders are in any doubt as to the action they should take, they are
recommended to seek their own personal financial advice immediately from
their stockbroker, bank manager, solicitor, accountant or other independent
financial adviser who, if they are taking advice in the United Kingdom, is
duly authorised under the Financial Services and Markets Act 2000.
NOTICE to the holders of those of the U.S.$1,700,000,000 4.00 PER CENT.
CONVERTIBLE BONDS DUE 2014 convertible into Ordinary Shares of Anglo American
plc presently outstanding
(the "Bondholders" and the "Bonds" respectively) of ANGLO AMERICAN PLC (the
"Issuer")ISIN: XS0424806734
NOTICE TO THE BONDHOLDERS OF REDEMPTION DATE
Pursuant to Condition 6(b) of the terms and conditions of the Bonds, the
Issuer hereby gives irrevocable notice (an "Optional Redemption Notice") that
(i) the Volume Weighted Average Price of the Ordinary Shares in the capital
of the Issuer as derived from the London Stock Exchange plc for 20 dealing
days within the 30 consecutive dealing day period ended on 16 March 2012 was
at least 130 per cent. of the Conversion Price in effect (or deemed to be in
effect) on each such dealing day, and accordingly (ii) the Issuer will on 22
May 2012 (the "Optional Redemption Date") redeem all of the Bonds outstanding
on such date at their principal amount together with U.S.$166.67 in accrued
but unpaid interest per U.S.$100,000 in principal amount per Bond up to but
excluding the Optional Redemption Date.
Bondholders are reminded that the Conversion Right in respect of each Bond
may be exercised at the option of the relevant Bondholder at any time up to
the close of business (at the place where the relevant Bond is delivered for
conversion) on 15 May 2012.
The current Conversion Price of the Bonds is GBP18.36 per Ordinary Share and
the closing price of the Ordinary Shares on 21 March 2012 was GBP25.03 per
Ordinary Share.
The aggregate principal amount of the Bonds outstanding on 21 March 2012 was
U.S.$1,699,200,000.
Bondholders are referred to the terms and conditions of the Bonds for further
details of the rights attaching to the Bonds.
Terms used in this Optional Redemption Notice and not otherwise defined shall
have the meanings given to them in the Trust Deed dated 7 May 2009
constituting the Bonds and entered into between the Issuer and The Law
Debenture Trust Corporation p.l.c.
This Optional Redemption Notice, and any non-contractual obligations arising
out of or in connection with it, shall be governed by and construed in
accordance with English law.
Principal Paying and Conversion Agent:
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
This Optional Redemption Notice is given by: Anglo American plc, a company
incorporated under the laws of England and Wales with company number
03564138, whose registered office is at 20 Carlton House Terrace, London SW1Y
5AN.
A W Hodges
Deputy Secretary
23 March 2012
Sponsor: UBS South Africa (Pty) Ltd
Date: 23/03/2012 14:15:01 Produced by the JSE SENS Department.
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