Plaza Centres plc has announced the cancellation of €50,000 in 3.9% unsecured bonds maturing in 2026, as part of a repurchase carried out in September.
The bond cancellation, which is in accordance with Section 5.9.3 of the Securities Note within the Prospectus dated 11th August 2016, follows the company's purchase of the bonds throughout last month. Once cancelled, these bonds are prohibited from being re-issued or resold.
This move is part of Plaza Centres plc's ongoing capital management strategy, as outlined in the Prospectus, and aligns with the rules established by the Capital Markets.
The cancellation aims to enhance the company's financial structure, ensuring compliance with regulatory frameworks and reflecting sound governance practices.
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