Grand Harbour Marina plc - Bond Redemption & Issue of New Bond

On 19 June, Grand Harbour Marina plc (“GHM”) announced that it has submitted an application to the Listing Authority of the Malta Financial Services Authority in connection with a new €15 million unsecured bond issue maturing in 2027. The Directors of the Company also resolved to redeem the outstanding €10.97 million 7% bonds (the “existing bonds”) on 22 August 2017.

The announcement explained that, subject to regulatory approval, GHM will be granting preference to holders of existing bonds as at close of trading on 21 June 2017 to subscribe to the new bonds by surrendering and cancelling all or part of their existing bonds. GHM also intends to reserve a fixed amount of the new bonds for shareholders of the Company as at close of trading on 21 June 2017.

Trading in the existing bonds will be suspended as from 22 June 2017. Further details will be published by GHM following approval by the Listing Authority.