Cable & Wireless PLC - ReCWC Hldgs Capital Reduction
17 Mai 2000 - 2:49PM
UK Regulatory
RNS Number:7492K
Cable & Wireless PLC
Cable & Wireless Communications PLC
17 May 2000
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO
CANADA, JAPAN OR AUSTRALIA. THE TRANSACTION REFERRED TO IN
THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN
THE UNITED STATES. SECURITIES MAY NOT BE OFFERED OR SOLD IN
THE UNITED STATES ABSENT REGISTRATION UNDER THE US
SECURITIES ACT OF 1933 OR AN EXEMPTION FROM REGISTRATION.
Cable and Wireless plc ("Cable & Wireless"),
NTL Incorporated ("NTL") and
Cable & Wireless Communications plc ("CWC")
Joint announcement relating to the proposed acquisition of
CWC DataCo by Cable & Wireless and the proposed acquisition
of CWC ConsumerCo by NTL (the "Transaction")
High Court approves CWC Holdings Capital Reduction
Update on timetable
The High Court has today approved the CWC Holdings Capital Reduction which
forms part of the Transaction. Accordingly, CWC intends to arrange for the
CWC Holdings Capital Reduction to become effective on or by 19 May 2000. In
light of this, the parties are confident that the Transaction will complete by
the end of May 2000.
The Mix and Match Closing Date remains tomorrow, 18 May 2000. Accordingly, to
be sure of participating in the Mix and Match Facility, Mix and Match Election
Forms must be received by Lloyds TSB Registrars no later than 6.00 p.m.
tomorrow, 18 May 2000.
Further announcements regarding completion of the Transaction and the outcome
of elections made under the Mix and Match Facility will be made in due course.
Enquiries
Shareholder Helpline: 0845 603 9218
Cable & Wireless NTL
Chris Tyler, Investor Relations John Gregg
020 7315 4460 020 7909 2000
Penny Berger, Investor Relations Richard J. Lubasch
020 7315 6225 001 212 906 8470
Susan Cottam, Media Alison Kirkwood
020 7315 4410 01256 752662
Peter Eustace, Media Will Robson
020 7315 4495 01256 752661
Dominic Shales
020 7413 3142
CWC
Samantha Ashworth, Investor Relations
020 7674 5303
Roy Payne, Media
020 7674 5387
Caroline Keppel-Palmer, Media
020 7674 5416
Greenhill & Co. Morgan Stanley Dean Witter
020 7440 0400 020 7425 5000
(advisers to Cable & Wireless) (advisers to NTL)
James Lupton Paulo Pereira
David Wyles John Krumins
Merrill Lynch
020 7628 1000
(advisers to CWC)
Bob Wigley
Richard Snow
CSFB 020 7888 8888
(advisers to the independent directors of CWC (being Sir Bryan
Carsberg, JMJ Keenan, Valerie F Gooding, JF Killian and FV Salerno)
in respect of the Cable & Wireless Acquisition and advisers to the
directors of CWC in respect of the NTL Acquisition)
Michael Harrison
Ian Brown
Greenhill & Co. International Limited ("Greenhill & Co."),
which is regulated in the United Kingdom by The Securities
and Futures Authority Limited, is acting as financial
adviser to Cable & Wireless in relation to the Transaction
and to no one else and will not regard any other person as
its customer or be responsible to any one other than Cable &
Wireless for providing the protections afforded to customers
of Greenhill & Co. or for providing advice in relation to
the Transaction.
Morgan Stanley & Co. Limited ("Morgan Stanley Dean Witter"),
which is regulated in the United Kingdom by The Securities
and Futures Authority Limited, is acting as financial
adviser to NTL in relation to the Transaction and to no one
else and will not regard any other person as its customer or
be responsible to any one other than NTL for providing the
protections afforded to customers of Morgan Stanley Dean
Witter or for providing advice in relation to the
Transaction.
Merrill Lynch International ("Merrill Lynch"), which is
regulated in the United Kingdom by The Securities and
Futures Authority Limited, is acting as financial adviser to
CWC in relation to the Transaction and to no one else and
will not regard any other person as its customer or be
responsible to any one other than CWC for providing the
protections afforded to customers of Merrill Lynch or for
providing advice in relation to the Transaction.
Credit Suisse First Boston (Europe) Limited ("CSFB"), which
is regulated in the United Kingdom by The Securities and
Futures Authority Limited, is acting as financial adviser to
the independent directors of CWC in relation to the Cable &
Wireless Acquisition and directors of CWC in relation to the
NTL Acquisition and to no one else and will not regard any
other person as its customer or be responsible to any one
other than the independent directors of CWC and the
directors of CWC for providing the protections afforded to
customers of CSFB or for providing advice in relation to the
Transaction.
END
MSCEAASXFDFEEFE
Barclays 25 (LSE:67LF)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Barclays 25 (LSE:67LF)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über Barclays 25 (Londoner Börse): 0 Nachrichtenartikel
Weitere Cable & Wireless Com News-Artikel