Hili Finance Company plc - Basis of Acceptance

On 24 February 2022, Hili Finance Company plc announced the basis of acceptance in relation to the offer for sale of €50 million 4% unsecured and guaranteed bonds redeemable in 2027. In this respect, €22.5 million (nominal) were allocated to Authorised Financial Intermediaries through Placement Agreements. Meanwhile, applications for just under €39 million were received from ‘Preferred Applicants’ in respect of the remaining €27.5 million available during the Offer Period. As a result, Hili Finance will be allocating the first €20,000 of each application received from ‘Preferred Applicants’ in full, and 18.785% on any additional amount applied for thereafter rounded to the nearest €100.

The bonds are expected to be admitted to listing on the Official List of the Malta Stock Exchange on 4 March 2022 and trading is expected to commence on 7 March 2022. Interest on the bonds is expected to commence on 3 March 2022.