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Marks & Spencer Group PLC - London-based food and clothing retailer - Repurchases £350.3 million in share buyback of notes. £100.6 million of 3% notes are due in 2023, while £249.7 million of 4.75% notes are due in 2025. ‘The settlement date in respect of the notes accepted for purchase pursuant to the offers is expected to be June 6, 2022,’ the company explains. £199.4m of 2023 notes and £350m of 2025 notes will remain outstanding following that date, it adds. The figures confirm the indicative results of the tender offer Marks & Spencer had announced earlier on Wednesday.
Current stock price: 152.43 pence, up 1.7% on Wednesday
12-month change: down 4.6%
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