FDM Group Regulatory News (FDM)

2 Aug 2007 07:00

Ford Motor Co01 August 2007 NEWSContact: Media: Equity Investment Fixed Income Investor Inquiries: Becky Sanch Community: Investment Community: Georgeson, Inc. 1.313.594.4410 Larry Heck Rob Moeller 1.888.605.7541 bsanch@ford.com 1.313.594.0613 1.313.621.0881 fordir@ford.com fixedinc@ford.com FOR IMMEDIATE RELEASE FORD ANNOUNCES RESULTS OF CONVERSION OFFER RELATED TO TRUST PREFERRED SECURITIES DEARBORN, Mich., Aug. 1, 2007 - Ford Motor Company (NYSE: F) ("Ford") todayannounced the results of its offer related to the 6.50% Cumulative ConvertibleTrust Preferred Securities of Ford's wholly owned subsidiary trust, Ford MotorCompany Capital Trust II. Ford had offered to pay a premium consisting of 1.7468shares of Ford common stock valued at $14.25 to holders who elected to converttheir trust preferred securities to shares of Ford common stock in accordancewith the terms of the offer. The conversion offer expired at 5:00 p.m., New YorkCity time, on Tuesday, July 31, 2007. On Aug. 1, 2007, Ford accepted for conversion all trust preferred securitiesthat were validly tendered and not withdrawn as of the expiration of theconversion offer. Based on a final count by Computershare Shareholders Services,Inc., the conversion agent for the conversion offer, 42,543,071 trust preferredsecurities, with an aggregate liquidation preference of about $2.1 billion andrepresenting approximately 43% of the issued and outstanding trust preferredsecurities, were tendered and accepted for conversion. This will result in theissuance of an aggregate of 194,494,157 shares of Ford common stock, consistingof 120,179,921 shares issued pursuant to the conversion terms of the trustpreferred securities and 74,314,236 shares issued as the premium paid forconversion. Delivery of the shares of common stock in exchange for acceptedtrust preferred securities will be made by Computershare Shareholders Services,Inc. on Aug. 3, 2007. Upon settlement of the conversion offer, 57,455,429 trustpreferred securities with an aggregate liquidation preference of about S2.9billion will remain outstanding. Ford Motor Company Capital Trust II, a statutory business trust, was formed in2001 under the laws of the state of Delaware and is a wholly-owned subsidiary ofFord Motor Company. Ford Motor Company, a global automotive industry leaderbased in Dearborn, Mich., manufactures or distributes automobiles in 200 marketsacross six continents. With about 260,000 employees and about 100 plantsworldwide, the company's core and affiliated automotive brands include Ford,Jaguar, Land Rover, Lincoln, Mercury, Volvo and Mazda. The company providesfinancial services through Ford Motor Credit Company LLC. This information is provided by RNS The company news service from the London Stock Exchange