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Redemption of £175 million Convertible Bonds

12th Jun 2025 11:00

RNS Number : 4732M
Derwent London PLC
12 June 2025
 

Derwent London plc

Redemption of £175 million Convertible Bonds

 

Derwent London plc (the "Company", together with its subsidiaries, the "Group") announces that the Group's £175 million 1.5% convertible bonds due 2025 have been redeemed in full at maturity on 12 June 2025. No bonds were converted into equity, and the redemption was funded from existing liquidity resources. Following redemption, the Group's net debt position remains unchanged.

 

For further information, please contact:

Derwent London

Tel: +44 (0)20 3478 4217 (Robert Duncan)

Damian Wisniewski, Chief Financial Officer

Jay Joshi, Group Financial Controller

Robert Duncan, Head of Investor Relations

Brunswick Group

Tel: +44 (0)20 7404 5959

Nina Coad

Emily Brentnall

 

Date: 12 June 2025

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