Result of Meeting of the Noteholders
March 20 2008 - 12:23PM
UK Regulatory
EMAP plc
Proposals for the modification of Condition 6(3) of the �250,000,000 6.25 per
cent. Notes due 2013 (the option of the Noteholders to be redeemed in the event
of a Change of Control) and the insertion of a Noteholder put option on 31
December 2009
NOTICE IS HEREBY GIVEN to the Noteholders that, at the Meeting of such holders
convened by the Notice delivered to the clearing systems on 25 February, 2008
and held on 20 March, 2008, the Extraordinary Resolution set out in such Notice
was duly passed. Accordingly, the modifications referred to in the
Extraordinary Resolution will be implemented.
In accordance with the Conditions of the Notes, Noteholders are hereby notified
that a Change of Control (as defined in Condition 6(3) of the Notes) has
occurred on the date of this notice by reason of the cash acquisition by Eden
Bidco, a newly incorporated company formed by funds advised by Apax Partners
Worldwide LLP and by Guardian Media Group plc, of the entire issued share
capital of the Issuer by way of a court approved scheme of arrangement under
section 425 of the Companies Act 1985.
Pursuant to the Extraordinary Resolution and the modifications referred to
therein, the redemption date for all Notes will be Tuesday, 3 April, 2008. On
that date, the Issuer will also pay to eligible Noteholders the Early
Instruction Fee of �0.10 for each �1,000 in principal amount of the Notes.
Consent Coordination Agent Note Trustee
The Royal Bank of Scotland plc The Law Debenture Corporation p.l.c.
135 Bishopsgate Fifth Floor, 100 Wood Street
London EC2M 3UR London EC2V 7EX
Tel: +44 (0)20 7085 8056/3781
Attn: Andrew Burton / Gianmarco Deiana
Issuer Tabulation Agent
EMAP plc Deutsche Bank AG, London Branch
40 Bernard Street 1 Winchester House
London WC1N 1LW 1 Great Winchester Street
London EC2N 2DB
Tel: +44 20 7396 2308
Attn: David Wilson
Enquiries:
Emap plc 020-7278-1452
Ian Griffiths, Group Finance Director
Brunswick Group 020-7404-5959
Patrick Handley / Fiona Laffan
END
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