19th Dec 2005 07:00
LIBERTY INTERNATIONAL PLC19 December 2005FINAL OUTCOME OF INVITATION TO HOLDERS OF LIBERTY INTERNATIONAL PLC ‚£240,000,000 3.95 PER CENT. CONVERTIBLE BONDS DUE 2010 TO APPLY FOR CONVERSIONON ENHANCED TERMSOn 8 December 2005, Liberty International PLC (the "Company") announced that itwas inviting holders of its outstanding ‚£240 million of 3.95 per cent.convertible bonds due 2010 (the "Bonds") to convert into ordinary shares on theterms and subject to the conditions set out in the invitation notice (the"Notice"). The Auction Period (as defined in the Notice) expired on 16 December2005.Conversion notices have been accepted by the Company in respect of ‚£128.7million of Bonds, representing 53.6 per cent. of the ‚£240 million of Bondsoutstanding on 16 December 2005. The Company will pay a sum of ‚£60 per ‚£1,000of Bonds for which conversion notices have been accepted.The Bonds referred to above will convert into 16.1 million new ordinary sharesof the Company (the "Shares") on the basis of 125 Shares per ‚£1000 of Bonds,increasing the Company's issued ordinary share capital by 5 per cent. from321.7 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 bylaw. Restrictions apply to the United States, the United Kingdom, Italy,Belgium and France. Persons into whose possession the Notice comes are requiredby the Company to inform themselves about, and to observe, any suchrestrictions.Each of UBS Limited and Morgan Stanley & Co. International Limited,respectively, is acting for the Company in the Auction and will not beresponsible to anyone other than the Company for providing the protectionsafforded to clients of UBS Limited and Morgan Stanley & Co. InternationalLimited, respectively, nor for providing advice in relation to the Auction.ENDLiberty International plcRelated Shares:
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