Market Tech Holdings Limited Convertible bond buyback (0534K)
September 16 2016 - 3:18AM
UK Regulatory
TIDMMKT
RNS Number : 0534K
Market Tech Holdings Limited
16 September 2016
16 September 2016
Market Tech Holdings Limited
("Market Tech" or the "Company")
Convertible bond buyback
Market Tech (LSE: MKT) which owns, manages and is developing a
unique 16 acre estate of office, retail, leisure and living spaces
in London, including the iconic Camden Markets, announces that it
has made further repurchases of the Company's GBP112,500,000
convertible bonds due in 2020 (the "Bonds").
Following this repurchase, and the repurchase detailed in the
Company's announcement of 19 July 2016, Market Tech has repurchased
GBP22.8m (equating to 20.27%) of the original principal amount of
the Bonds with GBP89,700,000 of the Bonds remaining outstanding.
Market Tech may make further repurchases of the Bonds.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale or purchase of securities in any jurisdiction where such
sale or purchase is unlawful. This announcement contains inside
information for the purposes of Article 7 of Regulation (EU) No
596/2014.
- Ends -
Enquiries
Market Tech
Charles Butler, Chief Executive
Officer
David Brown, Chief Financial
Officer +44 (0) 20 3727
c/o FTI Consulting 1000
FTI Consulting +44 (0) 20 3727
Richard Sunderland 1000
Claire Turvey markettech@fticonsulting.com
Clare Glynn
About Market Tech
Market Tech combines the iconic Camden Market real estate assets
with digital technology to deliver a living, working, retail and
leisure environment. The Company owns approximately 16 acres of
real estate assets in Camden, including the Stables Market; Union
Street Market, (also known as Buck Street Market); Camden Lock
Market; and Hawley Wharf, (formerly known as Camden Lock Village).
It also owns separate real estate assets on Camden High Street;
Kentish Town Road; properties on Jamestown Road, (including the
Camden Wharf Building); The Interchange Building on Oval Road,
Utopia Village in Primrose Hill, 1-11 Hawley Crescent and 49 Chalk
Farm Road.
The Company owns three e-commerce businesses, referred to as
Market Tech Digital. These are Stucco Media, an e-commerce
marketing platform, Glispa, a Berlin-based mobile marketing
business and Fiver, a B2C online fashion retailer.
www.market-tech.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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