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 £112,500,000 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 £22.8m (equating to 20.27%) of the original principal amount of the Bonds with £89,700,000 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 -
Charles Butler, Chief Executive Officer
David Brown, Chief Financial Officer
c/o FTI Consulting
+44 (0) 20 3727 1000
+44 (0) 20 3727 1000
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.
This information is provided by RNS