13th Jun 2006 11:48
GUS PLC13 June 2006 13 June 2006For immediate release GUS plcResult of bondholder meetings GUS plc ("GUS") announces the results of the meetings convened of the holders ofthe 2007, 2009 and 2013 bonds. The extraordinary resolutions in respect of the2007 and 2009 bonds were today passed by majorities of 99% and 91% respectivelyof bonds which were voted. Accordingly, the 2007 and 2009 bonds are now modifiedin the manner described in the resolutions, and the instruction fee will be paidin respect of those bonds. For the 2013 bonds, the resolution was not passed, with over 38% of theoutstanding 2013 bonds not voted. Accordingly, the 2013 bonds will not bemodified, will not have change of control protection added, and the instructionfee will not be paid. Notices of the results of the meetings of the holders of its bonds have beengiven today by GUS to such holders. These notices are also available forinspection at the UK Listing Authority's Documentation Viewing Facility which islocated at The Financial Services Authority, 25 The North Colonnade, CanaryWharf, London E14 5HS. David Tyler, Finance Director of GUS plc, said: "Our proposals were fair, and we are pleased that our 2007 and 2009 bondholdersagreed with this. We were disappointed that some of our 2013 bondholders did notagree, but we now regard this matter as closed. The outcome has no effect on thedemerger, and the 2013 bonds will remain in place in their un-modified form." Contact: FinsburyRollo Head +44 207 251 3801 UBS:Duane Hebert +44 20 7567 7480 Merrill Lynch:Asar Mashkoor +44 20 7995 3715 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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