ITV repurchases £28.9m of Convertible Bonds

26 June 2013

 

ITV repurchases £28.9m of Convertible Bonds

 

 

ITV today announces that it has repurchased an aggregate principle amount of £28.9m of the 4% Convertible Bonds due 2016. The bonds purchased, representing 21.4% of the initial amount, will be cancelled following which the outstanding amount of the bonds will be £106.1m.

Ian Griffiths, ITV's Group Finance Director, said:

'This repurchase is further progress in improving the efficiency of our balance sheet." 

 

For further enquiries please contact: 

Investor Relations

Pippa Foulds                                                  020 7157 6555 or 07778 031097

Media Relations

Mary Fagan                                                    020 7157 3965 or 07736 786448

Treasury

Charles Van Der Welle                                  020 7157 6567