Trident Estates plc - Prospective Rights Issue

Wednesday, January 31st, 2018

On 31 January 2018, Trident Estates plc announced that the rights issue expected to take place in 2019 would amount to 15 million new shares of a nominal value of €1 each. Moreover, the company announced that its three major shareholders (namely, Farrugia Investments Limited, M.S.M. Investments Limited and Sciclunas Estates Limited) have already agreed to take up their proportionate entitlement of the eventual rights issue.

Trident also revealed that it has secured bank loans with a leading local bank for the purpose of redeveloping the Brewery Façade located in Mriehel into Trident Park. As a result, all prerequisites for the redevelopment of Trident Park are now in place. The Trident Park project is expected to take three years to complete and, once completed, it will be a leading International Grade A office complex within the iconic Farsons Brewery complex. Further details about the Trident Park project are available from here.

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