Mediterranean Investments Holding plc - Bond Issue Allocation Policy

On 23 July 2020, Mediterranean Investments Holding plc announced the allocation policy with respect to the recently issued €20 million 5.5% unsecured bonds maturing in 2023.

In total, MIH received 4,307 applications for a value of €49.5 million. Holders of the 5.5% MIH 2020 bonds who exercised their preference to exchange their maturing bonds into the new bonds amounted to €13.7 million, representing 74.4% of the total maturing bonds. These amounts were allocated in full. On the other hand, additional amounts applied for by holders of the maturing bonds as well as applications received by holders of existing Corinthia Group bonds were allocated 17.499% of the amount applied for, rounded to the nearest €100.

Refunds of unallocated amounts will be made by 30 July 2020 whilst interest on the new bonds will commence on 31 July 2020. The new bonds are expected to be admitted to listing on the Malta Stock Exchange on 30 July 2020 and trading is expected to commence on 31 July 2020. Meanwhile, redemption of outstanding amounts in the maturing 5.5% MIH 2020 bonds together with payment of interest up to and including 30 July 2020 will be made on 31 July 2020.