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21 Dec 2009 07:00
AQUARIUS PLATINUM LIMITEDASX, LSE & JSEAquarius Platinum Limited(Incorporated in Bermuda)
Registration Number: EC 26290
Share Code JSE: AQPShare Code JSE: AQPBISIN 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 Friday, 8 January be recorded in the register on the record 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 Januarycredited 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 Tuesday, 19 January trading)
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)
REGISTERED OFFICE
Aquarius Platinum Limited - Clarendon House - 2 Church Street - Hamilton HMCX Bermuda
Email: info@aquariusplatinum.com
Telephone: +61 8 9367 5211
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