Estonian brokerage Admiral Markets AS on Thursday announced a final tender offer to repurchase all 8,476 outstanding Tier 2 bonds ahead of a planned delisting from the Nasdaq Tallinn stock exchange. The offer period runs until 22 June 2026.
The price is set at €101.02 per bond, consisting of the €100 nominal value, a €1 premium and €0.02 in accrued interest. The total nominal value of the remaining bonds is €847,600. Settlement is expected on or around 29 June.
Admiral Markets AS linked the buyback to the voluntary surrender of its Estonian investment firm licence, the small remaining bond volume and low trading activity, according to the offer notice.
Finantsinspektsioon withdrew the licence on 27 April, effective 28 April, following the company’s own application as part of a broader group restructuring.
Investment services in Europe will continue under Admirals Europe Ltd, a Cyprus-registered entity supervised by the Cypriot financial regulator.
Admiral Markets AS previously repurchased 4,999 bonds from 99 investors in April at €103.21 each. The company intends to apply for delisting after the current tender concludes.
