Hotel San Antonio plc on Tuesday offered to buy back any outstanding 7.5% Bonds 2012 at a repurchase price of €102 per bond.

The price is the equivalent of 102 per cent of the redemption value of each bond on May 30 and bond holders will also receive accrued interest on January 26.

All bondholders included in the register by last Tuesday are able to offer their bonds for sale by submitting an acceptance form by January 5 at 5 p.m.

Bondholders appearing on the register by last Tuesday are to receive a tender offer memorandum with an acceptance form by mail.

The 7.5 per cent Bonds 2012 last traded on Tuesday. Trading will be suspended until January 26.

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