Jet2 PLC Adjustment of Convertible Bond Conversion Price (2367N)
21 September 2023 - 12:33PM
UK Regulatory
TIDMJET2
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
GBP387.4 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
GBP18.06 per Ordinary Share to GBP17.8747 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 .
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
Steve Heapy, Chief Executive Officer
Gary Brown, Group Chief Financial Officer
Ian Day, Group Company Secretary 0113 239 7692
Cavendish Securities plc
Nominated Adviser
Katy Birkin / Camilla Hume 020 7220 0500
Buchanan
Financial PR
Richard Oldworth/Toto Berger 020 7466 5000
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END
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