REG - Jet2 PLC - Pricing of Repurchase of Convertible Bonds

Jet2Announcement

12/03/2025 18:15

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RNS Number : 4509A  Jet2 PLC  12 March 2025

THIS PRESS RELEASE IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO,
OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN, THE UNITED
STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT
IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

Jet2 plc announces the final repurchase price of the repurchase of its
existing convertible bonds due 2026

On Tuesday, 11 March 2025 Jet2 plc (the "Purchaser") announced that it had
accepted for purchase £301.5 million in aggregate principal amount
(approximately 99.0% of the remaining outstanding principal amount) of its
existing £387,400,000 1.625% Guaranteed Senior Unsecured Convertible Bonds
due 2026 with ISIN code: XS2351465179 (of which, as at Tuesday, 11 March 2025
£304,400,000 in aggregate principal amount remained outstanding) (the
"Bonds") in connection with the invitation announced by the Purchaser on
Tuesday, 11 March 2025 (the "Invitation").

The Purchaser hereby announces that the Final Repurchase Price payable by the
Purchaser per £100,000 in principal amount of Bonds accepted for purchase
will be £103,577.29, as calculated in accordance with the terms and
conditions of the Invitation.

Settlement of the repurchases pursuant to the Invitation is expected to occur
on or around Tuesday, 18 March 2025, following which the Bonds repurchased
will be cancelled in accordance with the terms and conditions.

This announcement is released by Jet2 plc and contains information in relation
to the Bonds that qualified or may have qualified as inside information for
the purposes of Article 7 of Regulation (EU) No 596/2014 as amended and as it
forms part of United Kingdom domestic law ("UK MAR"). For the purposes of UK
MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 as it
forms part of United Kingdom domestic law, this announcement is made by Gary
Brown, Jet2 plc.

For further information please contact:

 

 Jet2 plc                                            0113 239 7692

 Steve Heapy, Chief Executive Officer

 Gary Brown, Group Chief Financial Officer

 Cavendish Capital Markets Limited                   020 7220 0500

 Nominated Adviser

 Katy Birkin / Camilla Hume / George Lawson

 Rothschild & Co                                     020 7280 5000

 Financial Adviser

 John Deans / Peter Nicklin / Colm Burns

 HSBC Bank plc                                       020 7991 5647

 Joint Dealer Manager

 Dan Kosary / Giorgio Milanese

 Jefferies International Limited                     020 7029 8000

 Joint Dealer Manager

 Ed Matthews / Dominik Gansloser / Patrick Kindler

 Burson Buchanan                                     020 7466 5000

 Financial PR

 Richard Oldworth / Toto Berger

 

IMPORTANT INFORMATION

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF
AN OFFER TO SELL BONDS AND TENDERS OF BONDS FOR PURCHASE PURSUANT TO THE
INVITATION WILL NOT BE ACCEPTED FROM HOLDERS OF BONDS IN ANY CIRCUMSTANCES IN
WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL. IN THOSE JURISDICTIONS WHERE THE
SECURITIES, BLUE SKY OR OTHER LAWS REQUIRE THE INVITATION TO BE MADE BY A
LICENSED BROKER OR DEALER AND THE JOINT DEALER MANAGERS OR ANY OF THEIR
RESPECTIVE AFFILIATES ARE SUCH A LICENSED BROKER OR DEALER IN ANY SUCH
JURISDICTION, THE INVITATION SHALL BE DEEMED TO BE MADE BY SUCH JOINT DEALER
MANAGER OR SUCH AFFILIATE, AS THE CASE MAY BE, ON BEHALF OF THE PURCHASER IN
SUCH JURISDICTION. THE INVITATION HAS NOW EXPIRED.

ROTHSCHILD & CO EQUITY MARKETS SOLUTIONS LIMITED ("ROTHSCHILD & CO"),
WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY IN THE
UNITED KINGDOM, IS ACTING EXCLUSIVELY FOR JET2 PLC AND FOR NO ONE ELSE IN
CONNECTION WITH THE CONVERTIBLE BONDS REPURCHASE AND WILL NOT BE RESPONSIBLE
TO ANYONE OTHER THAN JET2 PLC FOR PROVIDING THE PROTECTIONS AFFORDED TO ITS
CLIENTS OR FOR PROVIDING ADVICE IN CONNECTION WITH THE CONVERTIBLE BONDS
REPURCHASE.

 

 

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