Jet2 Announces Director Share Purchase
The leisure travel group Jet2 has announced that a person closely associated with a non-executive director has purchased 1,200 ordinary shares in the company.
The leisure travel group Jet2 has announced that a person closely associated with a non-executive director has purchased 1,200 ordinary shares in the company.
The leisure travel group has announced the launch of a £250 million share buyback program, citing its sustainable cash generation, strong balance sheet, and confidence in the business's prospects.
The leisure travel group reports healthy profit growth for the year, with a strong balance sheet and flexible business model to navigate market conditions.
The travel services company is repurchasing the majority of its outstanding convertible bonds, reducing its debt and improving its financial position.
The leisure travel group has completed the repurchase of £301.5 million in convertible bonds, representing 99% of the outstanding amount.
The travel services company is launching an invitation to holders of its convertible bonds to offer to sell their bonds back to the company.
The travel services company has announced a change in major shareholding, with Computershare Trustees (Jersey) Limited increasing its stake.
The travel services company reports expected profit growth, but faces cost pressures from inflation, aircraft delays and regulatory changes.
The leisure travel group has repurchased £33m of its convertible bonds, reducing the outstanding amount to £304.4m.
The leisure travel group reported record half-year results, with revenue up 15% and operating profit increasing 14%. An upgraded full-year outlook and expansion plans signal strong growth prospects.