Admiral Markets AS Launches Additional Buyback Offer for Bonds
News related to:Admiral Markets AS · 2 min read
Admiral Markets AS, a company with registry code 10932555, is organizing an additional buyback offer for its outstanding Tier 2 bonds issued on December 28, 2017. These bonds, with ISIN EE3300111251, have a nominal value of EUR 100 per bond and a maturity date of December 28, 2027. The buyback offer will run from October 8, 2026, at 10:00 to October 29, 2026, at 16:00 (Estonian time). Investors will have the opportunity to sell their bonds to Admiral Markets AS at a price of EUR 103.78 per bond, which includes the bond’s nominal value, a premium, and accrued interest.
The buyback offer is part of Admiral Markets AS’s strategy to provide all remaining bondholders with an opportunity to sell their bonds prior to the termination of the listing and trading of the bonds on the Nasdaq Tallinn Stock Exchange. On September 29, 2026, the Listing and Surveillance Committee of Nasdaq Tallinn AS approved the termination of the listing and trading of the bonds, subject to Admiral Markets AS conducting an additional buyback offer before the termination. Under the conditions established by Nasdaq Tallinn AS, all bondholders must be provided with an opportunity to sell their bonds to Admiral Markets AS for their nominal value, plus accrued interest and a premium of EUR 1 per bond.
The buyback offer will take place under the following conditions: - The purchase price is EUR 103.78 per bond, consisting of the bond’s nominal value (EUR 100), a premium (EUR 1), and accrued interest as of the value date (EUR 2.78). - The bonds must not be encumbered by third-party rights.
Admiral Markets AS is encouraging all bondholders to participate in the buyback offer. To participate, bondholders must submit an off-exchange sell order through their bank (custodian of the securities account opened with Nasdaq CSD SE) within the relevant corporate action for the Admiral Markets AS Bond. An Investor’s sell offer is deemed submitted once Nasdaq CSD receives a duly completed sell order from the Investor’s custodian. The Investor has the right to amend or cancel their sell order at any time until the end of the sell order submission period.
The timetable for the buyback offer is as follows: - Offer period: October 8, 2026, at 10:00 to October 29, 2026, at 16:00 (Estonian time). - Results of the buyback offer: October 30, 2026, or a date close thereto. - Settlement date: November 2, 2026, or a date close thereto. - Termination of the listing and trading of the bonds: November 3, 2026, or the first possible trading day following the completion of settlement.
Admiral Markets AS is reminding bondholders that by submitting a sell order, they agree that this notice does not constitute an offer to conclude a bond repurchase agreement. They are also confirming that the number of bonds indicated in the sell order is the number of bonds they wish to sell to Admiral Markets AS under the terms of the buyback offer.