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AQUARIUS PLATINUM LIMITED - Reinstatement of limited guarantee and pledge to support black economic empowerment partners of Aquarius

Release Date: 24/05/2013 08:00
Code(s): AQP     PDF:  
Wrap Text
Reinstatement of limited guarantee and pledge to support black economic empowerment partners of Aquarius

Aquarius Platinum Limited   
(Incorporated in Bermuda) 
Registration Number: EC26290 
Share Code JSE: AQP 
ISIN Code: BMG0440M1284 
("Aquarius") 
 
24 May 2013 
 
REINSTATEMENT OF LIMITED GUARANTEE AND PLEDGE TO SUPPORT BLACK ECONOMIC 
EMPOWERMENT PARTNERS OF AQUARIUS 
 
Shareholders  are  referred  to  the  detailed  announcement  made  on  4  October  2012  in  which  the 
Company confirmed that it had resolved to provide a limited guarantee and pledge to the financiers 
of Aquarius’ cornerstone BEE (Black Economic Empowerment) shareholders, being Savannah, Chuma 
and Malibongwe (“BEE Partners”). The Board of Aquarius took the decision to assist in preserving the 
BEE credentials of Aquarius. This limited guarantee and pledge was released in January 2013. 
 
Following  the  recent  decrease  in  the  Aquarius  share  price,  Aquarius  has  agreed  to  reinstate  the 
limited  guarantee  and  pledge  provided  to  the  BEE  Partners'  financiers  for  10.2  million  shares  on 
identical terms and conditions. 
 
The  Board  of  Aquarius  consider  that  it  is  in  the  interests  of  Aquarius,  and  in  line  with  its  ongoing 
commitment  to  comply  with  the  BEE  and  regulatory  framework  in  South  Africa,  to  assist  the  BEE 
Partners to preserve their remaining shareholding in Aquarius. 
 
For further information please contact:  
 
In South Africa:                  
Jean Nel                                               + 27 100 012 843                                
 
In Australia:                            
Willi Boehm                                            +61 8 9367 5211                                                    
 
                                                                                
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 

 

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