Global Fashion Group S.A.: GFG to Repurchase Convertible Bonds Due 2028

Global Fashion Group S.A. (GFG) announced it has agreed to repurchase EUR 110.0 million of its outstanding convertible bonds due 2028. The repurchase involves bonds with the ISIN DE000A3KMT51 from three institutional investors. The purchase price per EUR 100,000 nominal amount will be EUR 85,000 plus accrued interest.

Following the repurchase, GFG will have redeemed an aggregate principal amount of EUR 319.3 million, representing 85% of the bonds issued. EUR 55.7 million will remain outstanding. GFG remains open to exploring further opportunities to repurchase the remaining bonds.

Louise Pender, General Counsel & Company Secretary, made the notification. For inquiries, contact Saori McKinnon, Head of Investor Relations & Communications at Global Fashion Group.