Repurchase of Convertible Bonds

Jet2 PLC

15 November 2024

 

15 November 2024

Jet2 plc

(the "Company")

Repurchase of Convertible Bonds

Jet2 plc, the Leisure Travel group, announces that it has repurchased £50.0m in aggregate principal amount of the Company's £387.4 million 1.625% guaranteed convertible bonds due 2026 (ISIN: XS2351465179) (the "Convertible Bonds") at a weighted average price of 103.78%, representing a total consideration of £51.9m.  Following this purchase, £337.4m 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/investor_relations.

 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

 

END