23rd Oct 2009 11:23
Punch Taverns plc (the "Company")
£275,000,000 5.00 per cent. Guaranteed Convertible Bonds due 2010 (the "Bonds") issued by Punch Taverns (Redwood JerseyCo) Limited (the "Issuer")
The Company announces that purchases (and corresponding cancellations) have been effected in respect of 85 per cent. or more in principal amount of the Bonds originally issued.
The Issuer has today given notice to holders of the Bonds that it will exercise its option to redeem all the outstanding Bonds on 23 November 2009.
23 October 2009
Enquiries:
Punch Taverns plc +44 (0)1283 501703Giles Thorley Chief Executive Officer Phil Dutton Chief Financial Officer Ed Bashforth Head of Corporate Finance
Smithfield Group 020 7360 4900 John Kiely Alex Simmons
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Punch Taverns PLC