- New Bond Issue

On 7  September 2009, Melita Capital plc announced a €25 million bond issue at a coupon of 7.15% per annum. The bonds have a final maturity date of 30 September 2016 but may be redeemed anytime between 30 September 2014 and 30  September 2016. The Issuer also reserves the right to increase the amount up to a further €5 million in the event of over-subscription.

Coupon

7.15%

Amount issued

€25,000,000 (with an over-allotment option of up to a further €5,000,000).

Issue Price

100%

Interest Payment

Semi-Annually on 30 March and 30 September.

Maturity

The bonds will be redeemed at 100% (par) on 30 September 2016.

Preplacement

Thursday 24 September 2009

Offer Opens

Monday 28 September 2009

Offer Closes

Friday 2 October 2009 (or earlier at the Issuer’s discretion)

Minimum application for bonds

Preplacement Stage: €10,000 and in multiples of €100 thereafter
General Offer Stage: €1,000 and in multiples of €100 thereafter.

Listing

Alternative Companies List of the Malta Stock Exchange

Use of Proceeds

The net proceeds from this bond issue amounting to approximately €25 million (or circa €30 million if the over-allotment option is exercised) will be principally utilised for the funding requirements of the Melita Capital Group companies as follows:

• To substitute outstanding bank project finance facilities amounting to approximately €7.5 million which Melita Infrastructure Ltd had taken in respect of the laying and setting up of the submarine fibre optic cable between Malta and Sicily.

• To fund further capital expenditure associated with the expansion and development of Melita Mobile’s 3G mobile telephony network as well as the working capital requirements associated with the early growth phase of its operations. This will amount to between €17 million and €22 million depending on the exercise of the over-allotment option.

Downloads

Melita Capital plc – Prospectus 7 September 2009

Melita Capital plc – Authorisation to Apply Form

Melita Capital plc – Audited Financial Statements 3 September 2009

Melita Capital plc – Stockbrokers’ Presentation September 2009

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