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Just Eat Takeaway.com B.V. announces the early redemption of its outstanding subordinated convertible bonds due 2026 and 2028
Just Eat Takeaway B.V. (the Company) announces today that it is exercising its clean-up call option with respect to its €300,000,000 1.250 per cent. Convertible Bonds due 2026 (ISIN: XS2166095146) (the 2026 Bonds) and its €500,000,000 0.625 per cent. Convertible Bonds due 2028 (ISIN: XS2296021798) (the "2028 Bonds" and together with the 2026 Bonds, the Bonds and each, a Series) in accordance with Condition 4.1 of the respective terms and conditions of the Bonds.
Following the invitation to the holders to tender their Bonds on 2 October 2025 (the Tender Offer) and the subsequent confirmation by the Company to accept for purchase in cash all Bonds validly tendered pursuant to the Tender Offer, representing €294,100,000 of the 2026 Bonds and €491,500,000 of the 2028 Bonds. There currently remain €5,900,000 in aggregate principal amount of the 2026 Bonds and €8,500,000 in the 2028 Bonds remain outstanding, which represent less than 15 per cent. of the aggregate principal amount of the Bonds of each Series originally issued.
The Bonds will be redeemed on 19 January 2026 (the Redemption Date) at 100 per cent. of their principal amount together with accrued but unpaid interest up to (but excluding) the Redemption Date.