Admiral Markets AS Shares Results of Bond Buyback Offer

Admiral Markets AS, a renowned retail Forex and CFD broker, has successfully concluded its buyback offer for Tier 2 bonds. The buyback offer, which commenced on June 2, 2023, at 4:00 p.m., concluded with an overwhelming response from investors.

During the buyback period, Admiral Markets AS received a total of 4,733 bond buyback orders from 60 investors. The price of each bond stood at 104.53 euros, comprising a nominal value of 100 euros, a bonus of 1 euro, and an additional 3.53 euros in interest.

In line with their commitment to fair and equal treatment, Admiral Markets AS ensured that all investors had an equal opportunity to sell back the bonds specified in their buyback orders. Consequently, each investor was able to participate in the buyback on equal terms.

The settlement day for both the bond and money transfer is scheduled for June 7, 2023. This date marks the culmination of the successful buyback initiative undertaken by Admiral Markets AS.

Last month, Admirals, the parent company of Admiral Markets AS, revealed its plans for corporate restructuring. The proposed restructuring included the merger of Admiral Markets AS and Admirals Group AS, the corporate holding entities. In addition, Admiral Markets AS also expressed its intention to withdraw the investment company license that had been granted in Estonia.

By undertaking this bond buyback offer, Admiral Markets AS has taken a significant step toward executing its restructuring plans. The successful buyback not only provides investors with an opportunity to exit their bond positions but also demonstrates the company's commitment to realigning its corporate structure.

The completion of the bond buyback offer signifies Admiral Markets AS's dedication to its investors and ensures an efficient and transparent process. The company's efforts to create an equal playing field for all participants in the buyback exemplify its commitment to maintaining the highest standards of fairness and integrity.

Admiral Markets AS continues to be a leading player in the retail Forex and CFD brokerage industry. By merging with Admirals Group AS, the company aims to enhance its overall market position and streamline its operations. The decision to withdraw the investment company license in Estonia aligns with the company's long-term strategic goals and enables a more cohesive structure within the merged entity.

Investors who participated in the buyback offer can now look forward to the settlement day, when their bonds will be repurchased by Admiral Markets AS. This successful endeavor represents a significant milestone in Admiral Markets AS's ongoing efforts to optimize its corporate structure and strengthen its position in the market.

As the settlement day approaches, Admiral Markets AS remains committed to delivering a seamless experience for its investors. The company's unwavering dedication to transparency and efficiency ensures that all stakeholders can trust in the integrity of their operations.

Admiral Markets AS's bond buyback offer has been met with resounding success, underscoring the company's ability to navigate the evolving financial landscape. With their restructuring plans and commitment to investors, Admiral Markets AS is well-positioned to achieve sustainable growth and continue providing exceptional services in the retail Forex and CFD brokerage sector.

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