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Repurchase of Convertible Bond

6th Feb 2025 07:00

RNS Number : 0910W
Jet2 PLC
06 February 2025
 

6 February 2025

 

Jet2 plc

(the "Company")

 

Repurchase of Convertible Bond

 

Further to the announcement on 15 November 2024, Jet2 plc, the Leisure Travel group, announces that it has repurchased a further £33.0m in aggregate principal amount of the Company's £337.4 million 1.625% guaranteed convertible bonds due 2026 (ISIN: XS2351465179) (the "Convertible Bonds") at a weighted average price of 104.66%, representing a total consideration of £34.5m. 

 

Following this purchase, £304.4m in aggregate principal amount of the Convertible Bonds remains outstanding.

 

The Convertible Bonds which have been repurchased will be surrendered by the Company for cancellation. 

 

Capitalised terms not otherwise defined in this announcement shall have the meaning given to them in the terms and conditions of the Convertible Bonds which are available on the Company's website at https://www.jet2plc.com/en/convertible-bonds.

 

 For further information please contact:

 

Jet2 plc

Steve Heapy, Chief Executive Officer

Gary Brown, Group Chief Financial Officer

Ian Day, Group Company Secretary

 

 

0113 239 7692

Cavendish Capital Markets Limited

Nominated Adviser

Katy Birkin/Camilla Hume/George Lawson

 

 

020 7220 0500

Burson Buchanan

Financial PR

Richard Oldworth/Toto Berger

020 7466 5000

 

 

 

 

 

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