Notice re $1.7bn Convertible Bonds Due 2014

RNS Number : 9698Z

Anglo American PLC

23 March 2012

 



Anglo American plc (the "Company")

Registered office: 20 Carlton House Terrace, London, SW1Y 5AN

Registered number: 3564138

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 £18.36 per Ordinary Share and the closing price of the Ordinary Shares on 21 March 2012 was £25.03 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

 

END

 

 

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