AX Group plc - Allocation Policy

On 11 December 2019, AX Investments plc announced the allocation policy with respect to the €25 million unsecured bonds issued by its ultimate parent company, AX Group plc.

In total, the company received 2,493 applications (including applications under nominee) for a value of €47,407,500.

A total of €15 million were allocated to the 3.25% unsecured bonds maturing in 2026 (Series I) and €10 million to the 3.75% unsecured bonds maturing in 2029 (Series II).

Series I: 1,270 applications for a total amount of €19,948,500 were received with respect to Series I Bonds. Applicants for Series I were allotted the first €15,000 in full and 52.624% of any remaining amount rounded to the nearest €100.

Series II: 1,223 applications for a total amount of €27,459,000 were received with respect to Series II Bonds. Applicants for Series II were allotted the first €2,000 in full and a further 28.645% of any remaining balance, rounded to the nearest €100.

Refunds of unallocated amounts will be made by 19 December 2019 whilst interest on the bonds will commence as from 20 December 2019.

The Bonds are expected to be admitted to the Official List of the Malta Stock Exchange on 19 December 2019 and trading is expected to commence as from 20 December 2019.

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