LONDON (Alliance News) - Ukraine-focused JKX Oil & Gas PLC on Friday said it has repurchased USD1.4 million of outstanding convertible bonds due to mature in 2018.
JKX intends to cancel the bonds and will explore avenues for restructuring its remaining USD22.4 million in bonds, it said.
Shares in JKX were untraded on Friday morning, having last traded at 19.67 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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