REG - Jet2 PLC - Adjustment of Convertible Bond Conversion Price

Jet2Announcement

21/09/2023 11:45

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RNS Number : 2367N  Jet2 PLC  21 September 2023

21 September 2023

 

Jet2 plc

(the "Company")

 

Adjustment of Convertible Bond Conversion Price

 

Jet2 plc, the Leisure Travel group, announces to holders of its £387.4
million 1.625% guaranteed convertible bonds due 2026 (ISIN: XS2351465179) (the
"Convertible Bonds") that, as a result of the final dividend of 8.0 pence per
ordinary share in the Company payable to shareholders on the register at the
close of business on 22 September 2023, the Conversion Price has been adjusted
from £18.06 per Ordinary Share to £17.8747 per Ordinary Share, effective as
of 21 September 2023, in accordance with Condition 6(b)(iii) of the terms and
conditions of the Convertible Bonds.

 

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
(https://www.jet2plc.com/en/convertible-bonds) .

 

The Company also announces that its nominated adviser has changed its name to
Cavendish Securities plc (formerly Cenkos Securities plc) following completion
of its own corporate merger.

 

 For further information please contact:

 

 Jet2 plc                                    0113 239 7692

 Steve Heapy, Chief Executive Officer

 Gary Brown, Group Chief Financial Officer

 Ian Day, Group Company Secretary

 Cavendish Securities plc                    020 7220 0500

 Nominated Adviser

 Katy Birkin / Camilla Hume

 Buchanan                                    020 7466 5000

 Financial PR

 Richard Oldworth/Toto Berger

 

 

 

 

 

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