8th Jun 2007 13:49
Cable & Wireless PLC08 June 2007 For immediate release 8 June 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 £44,230,000 in nominal amount of bonds.Following this, and taking account of previous repurchases and conversioninstructions received by the conversion agent to date, £88,907,000 in nominalamount of bonds remain outstanding. As we stated in our announcement yesterday, we confirm that the terms of ourconvertible bonds allow us to redeem them at par plus accrued interest if ourshare price exceeds 188.5 pence for 20 out of 30 dealing days. Our share priceis currently above this level. We also stated that we will be pleased to consider offers from holders of theconvertible bonds who wish to sell their bonds back to us for cancellation.Bondholders should contact the company's broker, JPMorgan Cazenove: JPMorgan Cazenove - Convertible bonds desk Simon Smith, +44 (0) 20 7155 8111, [email protected] Richard Tomblin, +44 (0) 20 7155 8111, [email protected] or via Bloomberg JPMorgan Cazenove - Debt Capital Markets Francis Burkitt, +44 (0)20 7155 4924 Contacts: Cable and Wireless plc Ashley Rayfield, Investor Relations Director, +44 (0) 20 7315 4460 Mat 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