Mediterranean Investments Holding plc - Bond Issue Allocation Policy

On 18 July 2023, Mediterranean Investments Holding plc announced the allocation policy with respect to the recently issued €20 million 5.85% unsecured bonds maturing in 2028.

In total, MIH received 3,534 applications for a value of €39.4 million. Holders of the 5.50% MIH plc 2023 bonds who exercised their preference to exchange their maturing bonds into the new bonds amounted to just under €17 million, representing 85% of the total maturing bonds (€20 million). These amounts were allocated in full together with the guaranteed minimum of €2,000 to applicants whose holding in the maturing bond was under this threshold.

On the other hand, additional amounts applied for by holders of the maturing bonds and holders of the 5.25% MIH plc bonds 2027 were allocated the first €300 in full and 2.43% on the remaining amount rounded to the nearest €100.

Refunds of unallocated amounts will be made by 21 July 2023 whilst interest on the new bonds will commence accruing on 31 July 2023. The new bonds are expected to be admitted to listing on the Malta Stock Exchange on 28 July 2023 and trading is expected to commence on 31 July 2023. Meanwhile, redemption of outstanding amounts in the maturing 5.50% MIH plc 2023 bonds together with payment of interest up to and including 30 July 2023 will be made on 31 July 2023.