GUS PLC
06 September 2006
6 September 2006
GUS plc
Announcement of Acceptance of Offers to Sell
GUS plc ('GUS') announces the results of its invitation to noteholders to offer
to sell for cash any or all of their £350 million 5.625% Notes due 2013.
Holders of £15,923,000 (4.55%) in principal amount of the 2013 Notes have
offered to sell their Notes to GUS. GUS has given a Notice of Acceptance of
Offers to Sell to the Tender Agent in respect of all such offers. Noteholders
can therefore expect to receive their payment of par value plus accrued interest
on their tendered Notes on Thursday 7 September 2006.
As announced on 29 August 2006, GUS shareholders have approved the proposed
separation of GUS' two businesses, Argos Retail Group and Experian, by means of
a demerger (the 'Demerger'). GUS's invitation to tender has given noteholders
who were concerned about the effect of the Demerger the opportunity to decide
whether they wished to sell or to retain their Notes.
David Tyler, Finance Director of GUS, said:
'We note that a small proportion of the 2013 noteholders have accepted our
offer, but most of the noteholders wish to retain their notes as obligations of
Experian. The outcome has no effect on the demerger, which is on track to be
completed by mid-October.'
This notice of results has today been made available to noteholders and is also
available for inspection at the UK Listing Authority's Document Viewing Facility
which is located at The Financial Services Authority, 25 The North Colonnade,
Canary Wharf, London E14 5HS.
Enquiries
Finsbury
Rollo Head 020 7251 3801
Rupert Younger
This information is provided by RNS
The company news service from the London Stock Exchange
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