LifeStar Holding plc - Application for a New Bond Issue

On 8 October 2020, GlobalCapital plc announced that it intends to file an application with the Listing Authority of the MFSA requesting admissibility to listing of €10 million unsecured bonds. Subject to regulatory approval, the net proceeds from the new bonds will be used to redeem the outstanding €10 million 5% GlobalCapital plc unsecured bonds which are redeemable on 2 June 2021. GlobalCapital further explained that it intends giving preference to holders of the maturing bonds to subscribe to the new bonds up to their holding in the maturing bonds. Any additional amounts that existing bondholders will apply for will rank pari passu with other applications submitted by other bondholders.

Once regulatory approval is obtained, full details of the new bond issue will be provided in a Prospectus that will be made available on the company’s website or alternatively at Authorised Financial Intermediaries. Application forms will be mailed to all bondholders of the maturing bonds following regulatory approval, and will set out details appearing on the register as at a cut-off date which will be fixed at a later stage.