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Brait to redeem GBP 150 million convertible bonds early on Sept. 15, 2026

PUBT·08/11/2026 12:31:58
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Brait to redeem GBP 150 million convertible bonds early on Sept. 15, 2026
  • Brait will redeem its £150 million 8% convertible bonds due 2027 in full on Sept. 15, 2026.
  • Redemption will be in cash at the PIK capitalised principal amount, with accrued unpaid interest to Sept. 14, 2026.
  • As of Aug. 10, 2026, PIK capitalised principal was GBP 97,026.98 per bond; accrued interest was GBP 2,184.43 per bond.
  • Aggregate PIK capitalised principal for 1,396 bonds outstanding was GBP 135.45 million.
  • Bondholders can exercise conversion rights until Sept. 1, 2026; conversion price was GBP 0.3240.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brait plc published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S525384), on August 11, 2026, and is solely responsible for the information contained therein.