6th Mar 2006 10:10
Great Portland Estates PLC06 March 2006 For immediate release6 March 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES GREAT PORTLAND ESTATES plc7.25% First Mortgage Debenture Stock due 2027 On 3 March 2006, the company repurchased £1,500,000 nominal of the stock forcancellation. This brings the total amount repurchased since the company'sannouncement on 1 March 2006 to £58,270,515 nominal, or 62% of the stockoutstanding at the time of that announcement. £36,195,060 nominal remainsoutstanding. As announced on 1 March 2006, until close of business on 7 March 2006, thecompany will respond to offers from holders of the stock who wish to sell theirstock back to the company, for cancellation, at a price that gives a spread of0.375% over the 6% Treasury Stock 2028 at the time of trade. Stockholdersshould contact the company's broker, JPMorgan Cazenove (details below). Contact: Great Portland Estates plc:Timon Drakesmith, Finance Director020 7647 3034 JPMorgan Cazenove:Francis Burkitt/Tim Waters/David Varney/Will Beausire020 7588 2828 The communication of this press release is only being made to those persons inthe United Kingdom who fall within Article 43(2) of the Financial Services andMarkets Act 2000 (Financial Promotions) Order 2005 or any other persons to whomit may otherwise lawfully be made under that Order. Copies of this press release are not being, and must not be, mailed or otherwiseforwarded, distributed or sent in or into or from the United States, and personsreceiving this press release (including custodians, nominees and trustees) mustnot mail or otherwise forward, distribute or send it into or from the UnitedStates. Great Portland Estates plc does not intend to consider offers of stockmade by persons in the United States. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
GPOR.L