Liberty International Plc - 3.95% Convertible Bond
Liberty International Plc - 3.95% Convertible Bonds Due 2010
Liberty International Plc
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILII
19 December 2005
FINAL OUTCOME OF 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
On 8 December 2005, Liberty International PLC (the "Company") announced that it
was inviting holders of its outstanding GBP240 million of 3.95 per cent.
convertible bonds due 2010 (the "Bonds") to convert into ordinary shares on the
terms and subject to the conditions set out in the invitation notice (the
"Notice"). The Auction Period (as defined in the Notice) expired on 16 December
2005.
Conversion notices have been accepted by the Company in respect of GBP128.7
million of Bonds, representing 53.6 per cent. of the GBP240 million of Bonds
outstanding on 16 December 2005. The Company will pay a sum of GBP60 per
GBP1,000 of Bonds for which conversion notices have been accepted.
The Bonds referred to above will convert into 16.1 million 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 by 5 per cent. from 321.7
million to 337.8 million ordinary shares.
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: 19/12/2005 09:26:24 AM Produced by the JSE SENS Department
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