12th Aug 2005 13:22
Cable and Wireless plc notes the current speculation relating to an imminenttransaction with Energis. As announced at its AGM on 22 July 2005 Cable &Wireless has approached the stakeholders of Energis, and has made a proposal toacquire Energis. Cable & Wireless' proposal has been recommended unanimously by the board ofEnergis to Energis' stakeholders. The acquisition proposal will not be increased in value under any circumstancesand will fall away if 75 percent by value of the holders of Energis' debt havenot signed the acceptance by 5.00pm on Monday 15 August 2005. If 75 percent soaccept by that date, then the proposal will become a binding legal contract. A further announcement will be made on Tuesday 16 August 2005.For further informationInvestor Relations:Louise Breen Director, Investor Relations +44 (0)20 7315 4460Virginia Porter VP, Investor Relations +44 (0)20 7315 4066Craig Thornton Manager, Investor Relations +44 (0)20 7315 6225Media:Lesley Smith Group Director Corporate & Public Affairs +44 (0)20 7315 4064Steve Double Group Head of Media Communications +44 (0)1344 726946Rollo Head/ Finsbury Communications +44 (0)20 7251 3801Alice MacandrewAbout Cable & WirelessCable & Wireless is one of the world's leading international communicationscompanies. It provides fixed and mobile voice, data, IP (Internet Protocol) andbroadband services to business and residential customers, as well as servicesto other telecoms carriers, mobile operators and providers of content,applications and internet services.Cable & Wireless' principal operations are in the United Kingdom, theCaribbean, Panama, Macau and Monaco. For more information about Cable &Wireless, go to www.cw.com . AnnouncementENDCable & Wireless PLCRelated Shares:
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