19th Jul 2016 15:24
LONDON (Alliance News) - Market Tech Holdings Ltd on Tuesday said it has repurchased GBP11.2 million of its GBP112.5 million convertible bonds due in 2020 at a discount to par, reducing its overall cost of finance.
Following this GBP101.3 million of the bonds remain outstanding and Market Tech, which owns, manages and develops real estate in London including Camden Markets, said it may make further repurchases of the bonds.
It intends to cancel the repurchased bonds.
Shares in Market Tech were up 4.1% at 141.00 pence Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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