6th Aug 2021 10:39
(Alliance News) - Trainline PLC on Friday said it has repurchased GBP28.6 million worth of its GBP150 million senior unsecured convertible bonds due 2026.
The London-based rail and coach ticketing platform now has GBP121.4 million of the senior convertible bonds outstanding. Those repurchased will be surrendered for cancellation.
Trainline tipped it may "make further repurchases from time to time" if market conditions permit.
In May, the firm reported a plunge in sales for the year ended February 28, after non-essential travel was effectively banned during the pandemic. It made a pretax loss of GBP106.8 million and revenue fell 74% to GBP67.1 million.
Shares in Trainline were up 0.4% at 351.92 pence each in London on Friday.
By Josie O'Brien; [email protected]
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