United Finance plc - Details of New Bond Issue

Wednesday, October 8th, 2014

On 8 October, United Finance plc issued a formal notice in connection with the issue of €8.5 million Unsecured Bonds.

Details of the new Bond issue are available below.

Coupon:

5.3%

Amount Offered:

€8.5 million

Issue Price:

100.00% (par)

Interest Payment Date:

Annually on 6 November (the first interest payment date is 6 November 2015)

Maturity:

The bonds will mature at 100% (par) on 6 November 2023.

Status:

The Bonds shall constitute the general, direct, unconditional and unsecured obligations of the Issuer, and shall rank pari passu, without any priority or preference among themselves and with other unsecured debt of the Issuer. The Bonds would rank after any future debts which may be secured by a cause of preference such as a privilege and/or a hypothec

Use of Proceeds:

The net proceeds from the Bond issue, estimated at €8.1 million after issuance costs, will be principally used by the Issuer to part finance the redemption of the outstanding €11.6 million 6.75% Bonds (Maturing Bonds). The redemption of the remaining balance of Maturing Bonds, equivalent to €3.5 million in the event that the Bond Issue is fully subscribed, or a higher amount in the event that the Bond Issue is not fully subscribed, shall be financed from the Issuer’s general cash flow.

Deadline for Submission of Applications:

Preferred Applicants (Holders of Maturing Bonds): Friday 31 October at 12.00 hrs.

Intermediaries’ Offer: Tuesday 4 November at 17.00 hrs.

Listing:

Official List of the Malta Stock Exchange

Disclaimer:

The value of investments may increase as well as decrease and past performance is not an indication of future performance. Prospective investors are urged to read the Risk Factors in the Prospectus. Prospective investors are urged to consult an independent financial adviser for advice prior to investing in the Bonds.

Downloads:

United Finance plc – Summary Note dated 6 October 2014

United Finance plc – Registration Document dated 6 October 2014

United Finance plc – Securities Note dated 6 October 2014

United Finance plc – Financial Analysis Summary dated 6 October 2014

Corporate Website:

http://www.unitedgroup.com.mt/finance

This webpage has been prepared based on the Prospectus dated 6 October 2014 issued by United Finance plc, and no representations or guarantees are made by Rizzo, Farrugia & Co. (Stockbrokers) Ltd with regard to the accuracy of the data. This webpage is for information purposes only. It is not intended to be and should not be construed as an offer or solicitation to acquire or dispose of any of the securities or issues mentioned herein. Rizzo, Farrugia & Co. (Stockbrokers) Ltd accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this webpage.

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