23rd Sep 2009 07:00
Punch Taverns plc (the "Company")
Punch Taverns announces that it has repurchased, in a number of recent market transactions, a total of 10.1% of the original nominal value of the 5.00 per cent. Convertible Bonds due 2010 (the "Bonds") which were issued by Punch Taverns (Redwood JerseyCo) Limited. It is the intention of the Company to arrange for these Bonds to be cancelled. Following cancellation there will be a nominal value of £74.324 million of the Bonds outstanding, representing 27.0% of the original nominal value.
23 September 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