9th Jun 2006 14:58
Announcement 9 June 2006 Cable & Wireless termination of US SEC registration Cable and Wireless plc ("Cable & Wireless") today, 9 June 2006, filed a Form 15with the US Securities and Exchange Commission ("SEC"), certifying that it hasfewer than 300 US shareholders, and thereby terminating the US registration ofits Ordinary shares.The SEC requires that the Company maintain the number of US Holders below 300for the next 18 months to avoid automatic re-registration of its Ordinaryshares. In order to meet this requirement, the Company may require US Holdersbelow a certain threshold shareholding to dispose of their shares during thattime. The threshold will be set from time to time, at the discretion of theBoard, to achieve the objective of keeping the number of US shareholders below300.For further information regarding this press release please contact the Companyas detailed below.For further information:Investor Relations Craig Thornton Investor Relations Manager +44 (0) 20 7315 6225 Ashley Rayfield Investor Relations Director +44 (0) 20 7315 4460 Media Clare Waters Director of External Affairs +44 (0) 20 7315 4088 Antonia Graham Head of Corporate and UK PR +44 (0) 7803 724 111 Press Office Cable & Wireless +44 (0) 1344 818 888Process to terminate SEC registrationCable & Wireless originally announced, on 9 September 2005, its intention toterminate its American Depository Receipt ("ADR") programme, de-list from theNew York Stock Exchange ("NYSE") and thereafter terminate its registration withthe SEC.The Company then announced on 14 December 2005, that it had terminated its ADRprogramme and voluntarily de-listed from the NYSE, effective from 4pm EasternStandard Time on 13 December 2005.Subsequently, the Company held an Extraordinary General Meeting on 14 December2005 to approve an amendment to its Articles of Association (the "Articles"),allowing the Board to restrict the number of US shareholders. As announced bythe Company on 14 December 2005, the amendment was approved by 97.8% of thevotes cast.The Board has since exercised the authority in the amended Articles to requireUS shareholders with fewer than 100,000 shares to dispose of their shareholdingto non-US residents.About Cable & WirelessCable & Wireless is one of the world's leading international communicationscompanies. It operates through two standalone business units - Internationaland UK.The International business unit operates integrated telecommunicationscompanies in 33 countries offering mobile, broadband, domestic andinternational fixed line services to residential and business customers, withprincipal operations in the Caribbean, Panama, Macau, Monaco and the ChannelIslands.The UK business unit provides enterprise and carrier solutions to the largestusers of telecoms services across the UK, US, continental Europe and Asia, andwholesale and residential broadband services in the UK through Bulldog.For more information about Cable & Wireless, go to www.cw.com ENDCable & Wireless PLCRelated Shares:
CWC.L