LBT - Liberty International PLC - Conversion of 3.95 per cent. convertible bonds
LBT
LILII
LBT - Liberty International PLC - Conversion of 3.95 per cent. convertible bonds
due 2010 and block listing application
LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI I
LIBERTY INTERNATIONAL PLC
22 December 2008
CONVERSION OF 3.95 PER CENT. CONVERTIBLE BONDS DUE 2010 AND BLOCK LISTING
APPLICATION
Liberty International PLC (the "Company") announces that in exchange for a cash
payment of GBP600,000, investors in the Bonds have agreed to submit conversion
notices for a total of GBP5 million of Bonds, representing 6 per cent. of the
GBP88 million of Bonds outstanding on 22 December 2008.
In accordance with their terms, the Bonds referred to above will convert into
625,000 new ordinary shares of the Company (the "Shares") on the basis of 125
Shares per GBP1000 of Bonds, increasing the Company`s issued ordinary share
capital (excluding shares held in treasury) from 364.5 million to 365.2 million
ordinary shares.
An application has been made to the UK Listing Authority and the London Stock
Exchange for a block listing of 13,660,500 Ordinary shares of 50p each in
Liberty International PLC (the "new shares") to be admitted to the Official
List. It is expected that permission to admit the new shares will be granted on
23 December 2008 and that dealings will commence 24 December 2008.
The new shares will be issued on conversion of the 3.95% Convertible Bonds due
30 September 2010 and will rank pari passu with the existing Ordinary shares
when issued.
Following the conversion of a total of GBP26m convertible bonds announced by
Liberty International on 19 December 2008 and above, the resulting 3.25m new
shares will be admitted to trading on Wednesday 24th December 2008.
Enquiries to:
Liberty International PLC:
Susan Folger Company Secretary +44 (0)20 7887 7000
22 December 2008
Sponsor
Merrill Lynch South Africa (Proprietary) Limited
Date: 22/12/2008 17:53:20 Produced by the JSE SENS Department.
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