TTS Group ASA: Buyback and cancellation of bonds

Reference is made to the stock exchange release 22 March 2017, which stated that TTS Group ASA (the Company) has received redemption claims for in total MNOK 2,000,000 out of the total MNOK 95,345,000 outstanding bond issue "10.00 per cent TTS Group ASA Convertible Callable Unsecured Subordinated...

London, 28/03/2017 (informazione.it - comunicati stampa - trasporti)

Reference is made to the stock exchange release 22 March 2017, which stated that TTS Group ASA (the Company) has received redemption claims for in total MNOK 2,000,000 out of the total MNOK 95,345,000 outstanding bond issue "10.00 per cent TTS Group ASA Convertible Callable Unsecured Subordinated Bond Issue 2011/2019" with ISIN NO 0010593890".

Based on the authority given by the Annual General Meeting to the Board of directors, the company has bought back bonds of MNOK 2,000,000, and these bonds have been cancelled. Total outstanding bond issue after the cancellation is MNOK 93,345,000.

Bergen, 28 March 2017

TTS Group ASA

Tel.: +47 55 94 74 00

http://www.ttsgroup.com

Contact persons:

Toril Eidesvik, CEO

M: +47 900 78 218

Henrik Solberg-Johansen, CFO

M: +47 982 06 438