On 10 December, MIDI plc announced that during its recent equity issue which closed on Thursday 2 December it received a total of 45,147,700 ordinary shares as part of the public offer and 22,222,222 ordinary shares as part of the new issue to existing shareholders.
MIDI plc explained that it will be satisfying all applications received by utilising part of its over-allotment option. Consequently the Company will be issuing and allotting 67,369,922 new ordinary shares of a nominal value of €0.20 each, fully paid up. As a result, the total issued share capital of MIDI plc will consist of €42,831,984.40 made up of 214,159,922 ordinary shares having a nominal value of €0.20 each.
These ordinary shares will shortly be admitted to the Official List of the Malta Stock Exchange.