7th Jun 2007 18:08
Cable & Wireless PLC07 June 2007 For immediate release7 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 £49,840,000 in nominal amount of bonds.Following this, and taking account of conversion instructions received by theconversion agent to date, £136,073,000 in nominal amount of bonds remainoutstanding. As we stated in our announcement of earlier today, we confirm that the terms ofour convertible bonds allow us to redeem them at par plus accrued interest ifour share price exceeds 188.5 pence for 20 out of 30 dealing days. Our shareprice is 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] 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