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Liberty International Plc - 3.95% Convertible Bonds Due 2010
Liberty International Plc
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI I
NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR ITALIAN PERSON OR TO ANY PERSON OR
ADDRESS IN THE UNITED STATES OR ITALY
LIBERTY INTERNATIONAL PLC
15 December 2005
INVITATION TO HOLDERS OF LIBERTY INTERNATIONAL PLC GBP240,000,000 3.95 PER CENT.
CONVERTIBLE BONDS DUE 2010 TO APPLY FOR CONVERSION ON ENHANCED TERMS - FIXING OF
CLEARING CASH AMOUNT AND NOTICE OF EXTENSION UNTIL 16 DECEMBER 2005
Further to Liberty International PLC"s (the "Company") Notice to holders
("Bondholders") of its outstanding 3.95 per cent. bonds due 2010 convertible
into ordinary shares of the Company (the "Bonds") dated 8 December 2005, the
Company hereby announces, pursuant to the provisions of the Notice, that (i) the
clearing cash amount has been fixed at GBP60 in relation to each GBP1,000 in
original principal amount of the Bonds offered for conversion (the "Fixed
Clearing Cash Amount") and (ii) the Auction Period (as defined in the Notice)
has been extended and will now expire at 4.00 p.m. London time on 16 December
2005.
Pursuant to the provisions of the Notice, all GBP104.1 million of Bonds specified
by Bondholders in Applications for Conversion already received by the Paying
Agent for which the specified minimum cash amount is less than or equal to the
Fixed Clearing Cash Amount shall be accepted for conversion by the Company.
Bondholders who have not yet returned an Application for Conversion or who have
returned an Application for Conversion specifying a minimum cash amount greater
than GBP60 and who wish to participate in the Auction at the Fixed Clearing Cash
Amount may do so by completing an Application for Conversion specifying a
minimum cash amount equal to the Fixed Clearing Cash Amount. The Application for
Conversion (including the Conversion Notice scheduled thereto) must be completed
and be received by the Paying Agent by 4.00 p.m. London time on 16 December
2005.
The Bonds have the following security codes: ISIN XS0176967262 and Common Code
017696726.
The Company may, in its sole discretion, waive, amend (subject as provided in
the Notice), extend, terminate or withdraw the Auction.
Enquiries to:
Liberty International PLC:
David Fischel Chief Executive +44 (0)20 7960 1207
Aidan Smith Finance Director +44 (0)20 7960 1210
UBS Limited:
James Eves Managing Director +44 (0)20 7568 3426
James Geary Executive Director +44 (0)20 7568 2308
Morgan Stanley & Co. International Limited:
Jonathan Lane Managing Director +44 (0)20 7425 4303
Jean-Marc Jabre Associate +44 (0)20 7677 5076
The distribution of the Notice in certain jurisdictions may be restricted by
law. Restrictions apply to the United States, the United Kingdom, Italy,
Belgium and France. Persons into whose possession the Notice comes are required
by the Company to inform themselves about, and to observe, any such
restrictions.
Each of UBS Limited and Morgan Stanley & Co. International Limited,
respectively, is acting for the Company in the Auction and will not be
responsible to anyone other than the Company for providing the protections
afforded to clients of UBS Limited and Morgan Stanley & Co. International
Limited, respectively, nor for providing advice in relation to the Auction.
Date: 15/12/2005 11:50:54 AM Produced by the JSE SENS Department
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