MIDI plc - Preliminary Discussions with Tumas Group

On 21 June 2018, MIDI plc announced that it has entered into preliminary discussions with Tumas Group Company Limited to explore the possibility of establishing a joint venture with respect to the development of Manoel Island. The discussions are at a preliminary stage and may or may not result in a transaction.

As such, any eventual agreement will be subject to MIDI’s contractual obligations with the Government of Malta and any necessary regulatory and share approvals in terms of law.

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