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Derwent London plc redeemed its £175 million 1.5% convertible bonds in full at maturity on 12 June 2025. No bonds were converted into equity, and the redemption was funded from existing liquidity resources, with the Group's net debt position remaining unchanged.
| Date | 12 Jun 2025 |
| Time | 11:00:01 |
| Category | Miscellaneous |
| ID | 4732M |
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Derwent London plc Redemption of £175 million Convertible Bonds |
Derwent London plc (the "Company", together with its subsidiaries, the "Group") announces that the Group's £175 million 1.5% convertible bonds due 2025 have been redeemed in full at maturity on 12 June 2025. No bonds were converted into equity, and the redemption was funded from existing liquidity resources. Following redemption, the Group's net debt position remains unchanged.
For further information, please contact:
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Derwent London Tel: +44 (0)20 3478 4217 (Robert Duncan) |
Damian Wisniewski, Chief Financial Officer Jay Joshi, Group Financial Controller Robert Duncan, Head of Investor Relations |
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Brunswick Group Tel: +44 (0)20 7404 5959 |
Nina Coad Emily Brentnall |
Date: 12 June 2025