Bondholders of the Aveng Senior Unsecured Convertible Registered Bonds (?Convertible Bond?) were advised that, in accordance with the terms and conditions of the Convertible Bond, interest is payable semi-annually in arrear on 24 January and 24 July of each year (each such day an interest payment date), at a rate per annum equal to 7.25%, commencing with the interest payment date falling on 24 January 2015.
Accordingly, the interest payable on the Convertible Bond is due for payment on 26 January 2015 (given 24 January 2015 being a non-business day). The Convertible Bond will commence trading ex-interest, with respect to the interest coupon period starting 23 July 2014 (inclusive) and ending on 24 January 2015 (exclusive) (?Coupon Period?), from the close of trade on Friday, 16 January 2015 until the close of trade on Friday, 23 January 2015. The interest amount to be paid on Monday 26 January 2015 will be R367.47 for each ZAR10 000.00 of the principal amount for the Coupon Period.
The next interest coupon period will commence on 24 January 2015 (inclusive) and will end on 24 July 2015 (exclusive).
The salient dates relating to this first interest payment are as follows:
* Last date to trade in order to participate in this interest payment : Friday, 16 January 2015
* Ex date : Monday, 19 January 2015
* Record date : Friday, 23 January 2015
* Payment date : Monday, 26 January 2015