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
Steve Heapy, Chief Executive Officer
Gary Brown, Group Chief Financial Officer
|
0113 239
7692
|
|
Cavendish Capital
Markets Limited
Nominated
Adviser
Katy Birkin / Camilla Hume / George Lawson
|
020 7220
0500
|
|
Rothschild &
Co
Financial
Adviser
John Deans / Peter Nicklin / Colm Burns
|
020 7280
5000
|
|
HSBC Bank
plc
Joint Dealer
Manager
Dan Kosary / Giorgio Milanese
|
020 7991
5647
|
|
Jefferies
International Limited
Joint Dealer
Manager
Ed Matthews / Dominik Gansloser / Patrick
Kindler
|
020 7029
8000
|
|
Burson
Buchanan
Financial
PR
Richard Oldworth / Toto Berger
|
020 7466
5000
|
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.
