MedservRegis plc - Bond Buyback

On 10 December 2024, MedservRegis plc announced that following considerations made by the Board of Directors to evaluate the possibility of effecting a share or a bond buy back, the Board decided that for the time being, it will not carry out a share repurchase program but will immediately proceed with bond buyback.

Accordingly, MedservRegis will stand in the market to repurchase a maximum of €5 million (or the equivalent in USD) in the 4.50% Unsecured Bonds 2026 (EUR) and the 5.75% Unsecured Bonds 2026 (USD). The company explained that the bond buyback program is being carried out for the purpose of utilising the Company’s free cash to reduce its leverage ratio and interest costs.

The bond buyback program will apply between 10 December 2024 until the 14 February 2025 at 100% (par value) or the highest price of the last independent trade or the highest current bid.