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ADT EXCHANGEABLE CUMULATIVE REDEEMABLE PREFERENCE SHARES 2005 EXCHANGEABLE FOR ORDINARY SHARES OF BAA PLC

 BOCA RATON, Fla., Aug. 16 /PRNewswire/ -- ADT Limited (NYSE: ADT), a leading electronic security services and vehicle auction services company announces its intention to redeem all of its remaining outstanding exchangeable redeemable preference shares, at the issue amount, on Sept. 30, 1993, in accordance with the terms of their issue.
 In excess of 90 percent of the issue has already been exchanged into BAA ordinary shares. As at the date of this announcement 717 exchangeable redeemable preference shares remain outstanding with a redemption value of approximately $10.6 million. The underlying value of the BAA ordinary shares for which the exchangeable redeemable preference shares are exchangeable is approximately $19 million.
 Formal redemption notices will be published in the Luxemburger Wort and the Financial Times, in accordance with the terms of the exchangeable redeemable preference shares and the international depository receipts representing the shares. Holders may however continue to exercise their right to exchange their shares into ordinary shares of BAA plc at any time up to Sept. 21, 1993 (subject to any restrictions under applicable securities laws).
 -0- 8/16/93
 /CONTACT: ADT, 407-997-8406, or Johnnie D. Johnson & Co., Inc., 212-425-4848/
 (ADT)


CO: ADT Limited ST: Florida IN: SU:

LG-MP -- NY054 -- 3039 08/16/93 11:40 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
Words:208
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