Mariner Finance plc - Allocation Policy

On 30 June, Mariner Finance plc announced its allocation policy with respect to its recent €35 million 5.3% 2024 bond offering which was oversubscribed. The Company exercised its over-allotment option in full after it announced that it received a total of 3,137 applications representing a total value of €53,721,200 for participation in the Private Placement and the General Public offer.

In accordance with the terms of the Prospectus, Charts Investment Management Service Limited as Sponsor subscribed to €20,000,000 of the Bonds on 20 June 2014.

Mariner Finance will be satisfying all applications under the General Public offer for amounts up to and including €5,000 in full and in the case of applications for amounts over €5,000, it will be satisfying the first €5,000 and allocating a further 19.475% of the remaining balance of all such applications. All amounts being allocated have been rounded to the nearest €100.

The announcement also noted that any refunds of unallocated funds will be affected by not later than 7 July and interest on the Bonds will start accruing from Friday 4 July. Meanwhile, the bonds will be admitted to the Official List of the Malta Stock Exchange on Tuesday 8 July with trading expected to commence the following day.