| Fri 2 Jan 2004, 10:01 | | Conversion of securities |
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Liberty International Plc - Conversion of securities
LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI
31 December 2003
Conversion of securities
Liberty International PLC 6.25% Subordinated Convertible Bonds due 2006 ("the
Bonds") (ISIN GB 0001430353 (Registered Form) and XS 0121985237 (Bearer Form)) -
Automatic conversion on Redemption by Trustee
Liberty International PLC announced on 24 November 2003 that it was intending to
redeem all, being GBP57,692,442 in principal amount, of outstanding Bonds on 31
December 2003. Since 24 November 2003, Bondholders have converted GBP41,395,214
in principal amount of the Bonds, and the Company has purchased for cancellation
GBP15,074,000 in principal amount, leaving GBP1,223,228 in principal amount
outstanding.
Liberty International has now received notice of automatic conversion of the
outstanding Bonds from the Trustee for the Bonds, Deutsche Trustee Company
Limited, and has notified remaining Bondholders accordingly. The Bonds which are
the subject of the Trustee"s notice of conversion were converted today,
resulting in the issue of an additional 271,828 ordinary shares in Liberty
International.
Including the final conversion described above, the issued share capital of the
Company has increased since 24 November 2003 by a total of 9,470,527 shares to
321,778,298, an increase of 3.03%.
The proceeds from sale of the shares arising from the automatic conversion by
the Trustee, plus interest on the Bonds converted today in respect of the period
from and including 30 June 2003 to but excluding the date of conversion, will be
paid to the Bondholders concerned as soon as practicable.
Enquiries:
Aidan Smith,
Finance Liberty International Tel: +44 (0)20
Director PLC 7960 1200
Date: 02/01/2004 08:32:03 AM Produced by the JSE SENS Department
