13th Jun 2007 17:10
Cable & Wireless PLC13 June 2007 For immediate release13 June 2007 CABLE AND WIRELESS PLC4 per cent. convertible bonds due 2010 Cable and Wireless plc announces that, through its brokers JPMorgan Cazenove, ithas purchased for cancellation a further £2,008,000 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,£46,542,000 in nominal amount of bonds will remain outstanding. As we stated in our announcement on 7 June 2007, the terms of our convertiblebonds allow us to redeem them at par plus accrued interest if our share priceexceeds 188.5 pence for 20 out of 30 dealing days. Our share price is currentlyabove this level. JPMorgan Cazenove - Convertible bonds desk Simon Smith, +44 (0) 20 7155 8111, [email protected] Tomblin, +44 (0) 20 7155 8111, [email protected] via Bloomberg JPMorgan Cazenove - Debt Capital Markets Francis Burkitt, +44 (0)20 7155 4924 Contacts: 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