PG plc - New Share Offering

Wednesday, March 29th, 2017

On 29 March 2017, PG plc issued a formal notice announcing the offering of 27,000,000 shares, representing 25% of the total issued share capital of the Company, to be admitted to the Official List of the Malta Stock Exchange.

The business of PG plc comprises the operation of the PAVI Shopping Complex and the PAMA Shopping Village as well as the Zara® and Zara Home® franchises in Malta.

Offer Price:

€1.00 per share

Amount:

27,000,000 shares

Reasons for the Offer:

The proceeds from the share offer will be for the benefit of Mr Paul Gauci (“the Offeror”) who is realising part of his investment in PG plc. As such, the offer of shares does not constitute the issuance of additional shares in PG plc but is merely the conversion of a private company into a publicly-listed company.

Pre-Allocation Agreements:

The Offeror has entered into pre-allocation agreements with selected financial intermediaries for subscriptions amounting in aggregate to 20,000,000 shares.

Intermediaries’ Offer:

6,000,000 shares

Intermediaries’ Offer Date:

12 April 2017

Minimum Subscription Amount:

2,000 shares (equivalent to €2,000) and in multiples of 100 shares (equivalent to €100) thereafter.

Listing:

The shares of PG plc are expected to be admitted to the Official List of the Malta Stock Exchange on 3 May 2017 and trading is expected to commence on 4 May 2017.

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” found in the Prospectus issued by PG plc dated 27 March 2017. These are listed in Section 3 – “Risk Factors” of the Registration Document and in Section 2 – “Risk Factors” of the Securities Note. Prospective investors are urged to consult an independent financial adviser for advice prior to investing in the shares.

Downloads:

PG plc – Prospectus dated 27 March 2017

A copy of our investment research report containing our analysis and opinion on this equity initial public offering is available through our fee-based Research Portal. Should you be interested in subscribing to our Research Portal, kindly send us an email on researchportal@rizzofarrugia.com to obtain a copy of the Subscription Agreement containing our ‘Terms of Use’.

This webpage has been prepared based on the Prospectus dated 27 March 2017 issued by PG plc and no representations or guarantees are made by Rizzo, Farrugia & Co. (Stockbrokers) Ltd with respect 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.

Rizzo, Farrugia & Co. (Stockbrokers) Ltd is acting as Joint Sponsor to PG plc.

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