Mediterranean Investments Holding plc - Allocation Policy

Friday, July 24th, 2015

On 23 July, Mediterranean Investments Holding plc published the allotment policy in connection with the recent €20 million bond issue.

The Company received applications having a nominal value of €16,359,600 from Maturing Bondholders representing a roll-over rate of 83% based on the outstanding amount of €19,649,600 of the maturing 7.5% bonds. These applications will be met in full. Holders of the Maturing Bonds also applied for an additional amount of €13.61 million. Such applications will be allotted 26.745% rounded to the nearest €100.

Given that the bond issue was oversubscribed by holders of the Maturing Bonds, no allocations will be made to applications submitted by holders of other existing MIH bonds (‘B’ applications) and bondholders of Corinthia Finance plc and International Hotel Investments plc (‘C’ applications).

The announcement also explained that refunds of unallocated monies will be paid by 27 July 2015 and interest on the new bonds will commence on 31 July 2015. The Bonds are expected to be admitted to the Official List of the Malta Stock Exchange on 31 July with trading expected to commence on Monday 3 August.

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