CPHCL Finance plc - Basis of acceptance

On 15 December 2025, CPHCL Finance plc announced the basis of acceptance in relation to the offer of €45 million 5.35% unsecured bonds due in 2035 in terms of the prospectus dated 12 November 2025.

The company explained that applications from existing bondholders of 4.25% unsecured bonds maturing in 2026 amounted to €37.4 million, which were all allocated in full. Bonds transferred to the company for the exchange of new bonds amounted to €27.3 million representing 68.2% of the nominal value of the outstanding bonds maturing in 2026. Meanwhile, the remaining €10.1 million represented amounts applied for in excess of previous holdings

CPHCL explained that the remaining €7.6 million were allocated to authorised financial intermediaries participating in the Intermediaries’ Offer.

The new bonds are expected to be admitted to listing on the Official List of the Malta Stock Exchange on Monday 22 December 2025 and trading is expected to commence on Tuesday 23 December 2025. Moreover, interest on the new bonds will start accruing from Thursday 18 December 2025.

The company also announced that trading in the 4.25% unsecured bonds maturing in 2026, will resume as from Tuesday 23 December 2025. Additionally, the remaining bonds will be redeemed by the company, along with prevailing interest on 12 April 2026.

Furthermore, holders of the bonds maturing in 2026 who elected to surrender their holdings in the bond will receive within 30 calendar days from the bonds’ listing, the 4.25% interest rate applicable from and including 12 April 2025 up to and including 17 December 2025.