Premier Capital plc - Allocation Policy

Tuesday, November 22nd, 2016

On 21 November, Premier Capital plc announced the allocation policy in respect of the recently issued €65 million 3.75% unsecured bonds maturing in 2026.

The Company received 6,107 applications totalling €100.1 million – representing a bid-to-cover ratio of 1.54 times.

All applications submitted by bondholders of the 6.8% Premier Capital plc 2017/2020 bonds, totalling €29.1 million, will be accepted in full.

In addition, Premier Capital received nearly €44.5 million from Hili Ventures Group Bondholders (namely Hili Properties plc and PTL Holdings plc) for the reserved portion of €12 million. Each application will be satisfied up to a minimum of €3,000 and 11.367% on the remaining balance rounded to the nearest €100.

Applications totalling €23.5 million were submitted by the General Public. The amount available for allocation amounted to almost €20.9 million. As a result, all applications in this category were allocated the first €50,000 in full and 55.0375% on the remaining amount rounded to the nearest €100.

Interest on the bonds will commence on 23 November 2016 and refunds of all unallocated monies will be made by 28 November 2016. The bonds are expected to be admitted to listing on 30 November 2016 and trading is expected to commence on 1 December 2016.

Meanwhile, the 6.8% Premier Capital plc 2017/2020 bonds will resume trading as from 1 December 2016.

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