Jet2 PLC Repurchases Additional Convertible Bonds

Jet2 PLC has announced the repurchase of an additional £33.0 million in principal amount of its £337.4 million 1.625% guaranteed convertible bonds due in 2026. This transaction was executed at a weighted average price of 104.66%, totaling a consideration of £34.5 million. This move follows a prior announcement made on November 15, 2024. Post repurchase, the outstanding principal amount of these convertible bonds now stands at £304.4 million.

The repurchased bonds will be promptly surrendered for cancellation by the company. This strategic financial decision is part of Jet2 PLC's broader efforts in managing its convertible bond debts. For further details, stakeholders are directed to the terms and conditions available on Jet2 PLC's official website.