6th Sep 2006 08:30
GUS PLC06 September 2006 6 September 2006 GUS plc Announcement of Acceptance of Offers to Sell GUS plc ("GUS") announces the results of its invitation to noteholders to offerto sell for cash any or all of their £350 million 5.625% Notes due 2013. Holders of £15,923,000 (4.55%) in principal amount of the 2013 Notes haveoffered to sell their Notes to GUS. GUS has given a Notice of Acceptance ofOffers to Sell to the Tender Agent in respect of all such offers. Noteholderscan therefore expect to receive their payment of par value plus accrued intereston their tendered Notes on Thursday 7 September 2006. As announced on 29 August 2006, GUS shareholders have approved the proposedseparation of GUS' two businesses, Argos Retail Group and Experian, by means ofa demerger (the "Demerger"). GUS's invitation to tender has given noteholderswho were concerned about the effect of the Demerger the opportunity to decidewhether they wished to sell or to retain their Notes. David Tyler, Finance Director of GUS, said: "We note that a small proportion of the 2013 noteholders have accepted ouroffer, but most of the noteholders wish to retain their notes as obligations ofExperian. The outcome has no effect on the demerger, which is on track to becompleted by mid-October." This notice of results has today been made available to noteholders and is alsoavailable for inspection at the UK Listing Authority's Document Viewing Facilitywhich is located at The Financial Services Authority, 25 The North Colonnade,Canary Wharf, London E14 5HS. Enquiries FinsburyRollo Head 020 7251 3801Rupert Younger This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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