Mediterranean Investments Holding plc - Allocation Policy

On 19 July, Mediterranean Investments Holding plc (MIH) announced the allocation policy with respect to its recent bond offering. The Company exercised the over-allotment option and issued an equivalent of €40 million 7.15% bonds which mature between 2015 and 2017. In view of the strong demand for these Bonds, MIH scaled down applications as follows:

  • Pre-placement – MIH satisfied circa 86.9% of these applications.
  • Preferred applicants – Applications received from investors who already own some Corinthia paper will be met in full up to:

i)    the first €5,000 in the case of EUR bonds;
ii)    the first GBP4,200 in the case of GBP bonds;
iii)    the first USD6,000 in the case of USD bonds.

The Company will allocate a further 14.999% of any unallocated balances with the rest participating in the allocation policy applicable to the general public as detailed below.

  • General Public Offering – Applications at this stage will be met in full up to:

i)    the first €4,300 in the case of EUR bonds;
ii)    the first GBP3,600 in the case of GBP bonds;
iii)    the first USD5,200 in the case of USD bonds.

MIH will allocate a further 9.273% of the balance.

Refunds of unallocated monies will be made by next Monday 26 July at the latest. Interest started to accrue from 19 July whilst trading on the Official List is expected to commence shortly.

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