on Global Fashion Group S.A. (isin : LU2010095458)
Global Fashion Group to Repurchase Convertible Bonds Due 2028
Luxembourg, 4 June 2024 – Global Fashion Group S.A. (GFG) has agreed to repurchase EUR 9.8 million of its outstanding convertible bonds due 2028. These bonds will be bought from an institutional investor at EUR 75,000 per EUR 100,000 nominal amount.
The company will also pay accrued interest, which is expected to reach EUR 346 per bond. The repurchased bonds may be cancelled or held for resale. Settlement is anticipated around 25 June 2024.
After this transaction, EUR 165.7 million of the bonds will remain outstanding. GFG remains focused on reducing its outstanding bond liabilities.
This announcement follows the requirements of Article 17 of the EU Market Abuse Regulation.
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