26th Sep 2006 14:25
Shaftesbury PLC26 September 2006 ANNOUNCEMENT RELATING TO THE PROPOSED PURCHASE BY SHAFTESBURY PLC OF UP TO £60,000,000 OF THE £119,643,000 8 1/2 PER CENT DEBENTURE STOCK DUE 2024 (THE "STOCK"), ISIN GB0007991150 Further to the announcement this morning that £58,300,852 nominal amount of theStock has been offered for sale by Stockholders to Shaftesbury PLC (the "Company"), the Company now announces that it will pay £1,434.78 per £1000 nominal,minus one day's accrued interest of £0.23. In aggregate, this equates to£83,648,896 minus accrued interest of £13,409. Following the cancellation of the Stock, £61,342,148 nominal amount will remainin issue. The purchase price of £1,434.78 per £1000 was calculated based on a spread of0.55% over the yield to maturity of the 5% Treasury Stock 2025 based on theoffer price of £109.52 as reported by Bloomberg (page PXUB) at 11:00 am Londontime on 26 September 2006. Settlement of the purchase will take place on 29 September 2006. This communication has been issued by the Company (which is not an authorisedperson for the purposes of the Financial Services and Markets Act 2000). Thiscommunication is directed only at existing holders of the Stock in accordancewith Article 43 of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005. Dresdner Kleinwort (and its respective directors, employees and affiliates)makes no representation or recommendation whatsoever regarding this announcement(or any invitation or offer contained in it) or any purchase or sale followingfrom it and it excludes any and all liability in respect of such announcement,invitation, offer, sale or purchase. For further information, holders should contact the Transaction Manager. Adviser and Transaction Manager: Dresdner Kleinwort Attention: Tim Cartmell +44 (0) 20 7444 9003 Colin Archibald +44 (0) 20 7475 8327 Hugh Carter +44 (0) 20 7475 3400 Shaftesbury PLC: Jonathan Lane, Chief Executive Brian Bickell, Finance Director +44 (0) 20 7333 8118 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SHB.L