VBL plc - Bank Financing

On 8 November 2022, VBL plc announced that it entered into a set of financing agreements with Bank of Valletta plc securing a long-term development and acquisition financing facility of a total of €14.5 million. This funding will support the company’s targeted developments and acquisitions, as well as for ongoing obligations as part of the regular course of business.

VBL noted that although it has so far operated without any significant debt, it considers this new long-term financing facility a strategic step in the further development and growth of its business, in line with the objectives and investment plans as outlined in the IPO Prospectus.