On 7 February 2007, the shareholders of Grand Harbour Marina plc announced the offering to the public of 30% of the issued share capital of the Company – 3,000,000 shares of a nominal value of Lm0.10 each at a price of Lm0.70 per share.
This offer has been fully underwritten by HSBC Bank Malta plc.
The General Public Offer opens on Wednesday 14 February and closes on Wednesday 21 February or earlier at the Offerors’ discretion. A pre-placement stage for those investors wishing to acquire a minimum of 5,000 shares (Lm3,500) opens and closes on Friday 9 February.
The principal activities of Grand Harbour Marina plc are the development, operation and management of marinas with a focus on super-yachts. Currently the Company operates only one marina in the Grand Harbour. Its main area of business is seeking prospective customers to berth their vessels within the Grand Harbour marina and provide a high-quality service as required by the yacht owners, captains and their crews. The Grand Harbour Marina is operated and managed by Camper & Nicholsons Marinas Limited, an internationally-known company which has a strong expertise in the marina sector and manages various marinas worldwide.
The shares have been declared admissible to listing on a Recognised Investment Exchange by the Listing Authority in terms of the Financial Markets Act, cap 345 of the laws of Malta. In addition, application has been made to the Malta Stock Exchange for these shares to be admitted to the Official List.