AX Group plc - Application for a New Bond Issue

On 14 September 2023, AX Group plc announced that it has filed an application with the Malta Financial Services Authority requesting admissibility to listing of €40 million unsecured bonds maturing in 2033. The net proceeds will be used to redeem the €40 million 6% AX Investments plc unsecured bonds maturing in 2024.

Subject to regulatory approval, AX Group will be giving preference to holders of the maturing bonds as at close of trading on 19 September 2023 to subscribe to the new bonds. As a result, the 6% AX Investments plc unsecured bonds 2024 will cease trading following 19 September 2023.

The remaining balance will be offered for subscription to AX Group employees and holders of AX Group securities as at close of trading on 19 September 2023, namely the 6% Investments plc unsecured bonds 2024, 3.25% AX Group plc unsecured bonds 2026, 3.75% AX Group plc unsecured bonds 2029, 3.50% AX Real Estate plc unsecured bonds 2032, and shareholders of AX Real Estate plc.

Further details will be published once regulatory approval is obtained.