Getronics announces today it has redeemed its EUR 250 million nominal value 13% subordinated instalment bonds due 2008 (the "2008 Instalment Bond") in full.

On 5 February this year the Company successfully placed 100 million new ordinary shares for cash with institutional investors. The net proceeds of this placing, being approximately EUR 234.5 million, and existing cash resources were used to finance the redemption of the 2008 Instalment Bonds. Including interest the total amount payable to the holders of the 2008 Instalment Bonds on redemption was EUR 274 million.

The 2008 Instalment Bonds were established in June 2003 as in important step in the reduction of the Company’s debt position. Now that these Bonds, with its 13% interest, have been redeemed Getronics can further focus on its operational strategy going forward.

Redactie XEA.nl
Met deze aflossing wordt duur geld afgelost en dat scheelt de beleggers in Getronics veel geld. Dit zal de winstgevendheid ten goede komen en het "vertrouwen" in Getronics is toegenomen. Het was zo binnengehaald het geld voor deze aflossing en dat sprak tot de verbeelding.
Voor alle partijen een goede zaak.
Wij zijn en blijven positief over Getronics, er worden zo weer termijn contracten binnengehaald, gisteren nog in Australie van de Overheid daar. Goed teken, zo'n overheidscontract.