Mediterranean Investments Holding plc - Bond Issue Oversubscribed

On 17 July 2020, Mediterranean Investments Holding plc announced that it received applications in excess of €49 million for the recent offer of €20 million 5.5% unsecured bonds maturing in 2023. As a result, the Intermediaries’ Offer that was scheduled for 20 July 2020 will not take place. Moreover, MIH will not be making use of the bond subscription facility through an agreement that was concluded with the Malta Development Bank.

MIH noted that in terms of the bond prospectus dated 1 July 2020, it will be announcing the basis of acceptance and the allocation policy to be adopted by not later than 23 July 2020.