Grand Harbour Marina plc - Results of Mandatory Bid

Camper & Nicholsons Marina Investments Limited (CNMI) announced on 9 August that it acquired 917,209 shares in Grand Harbour Marina plc (GHM)following the mandatory bid at Lm0.745 per share which closed at 12 noon CET on 8 August. This increased CNMI’s interest in GHM to 79.2% of the total issued share capital.

As a result of acceptances of the Offer, the GHM free float will fall below the 25% minimum free float normally required to maintain GHM’s listing.

CNMI reiterated that it believes strongly in the benefits of retaining a Maltese locally listed marina company and, together with GHM, will be discussing the situation with the Malta Financial Services Authority in order to consider whether there are grounds for GHM to seek a dispensation so as to maintain its listing on the Malta Stock Exchange.

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