6th Jul 2007 17:25
Cable & Wireless PLC06 July 2007 For immediate release 6 July 2007 CABLE AND WIRELESS PLC 4 per cent. convertible bonds due 2010 Cable and Wireless plc announces that, through its brokers JPMorgan Cazenove, ithas purchased for cancellation a further £15,000 in nominal amount of bonds.Following this, and taking account of previous repurchases and completed andoutstanding conversion instructions received by the conversion agent to date,£38,389,000 in nominal amount of bonds will remain outstanding. Bondholders are reminded that: (a) the Company gave notice on 22 June 2007 of its intention to redeem alloutstanding bonds on 23 July 2007; (b) the last day for bondholders to exercise conversion rights is 17 July 2007;and (c) as an alternative to conversion, the Company's broker (JPMorgan Cazenove)may be in a position to respond to offers of unconverted bonds for repurchaseand cancellation by the Company if these are offered at attractive prices. JPMorgan Cazenove - Convertible bonds deskSimon Smith, +44 (0) 20 7155 8111, [email protected] Tomblin, +44 (0) 20 7155 8111, [email protected] via Bloomberg Cable and Wireless plcAshley Rayfield, Investor Relations Director, +44 (0) 20 7315 4460Mat Sheppard, Investor Relations Manager, +44 (0) 20 7315 6225 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CWC.L