Finestday Malta plc - Details of New Bond Issue

February 13, 2026

On 13 February 2026, Finestday Malta plc published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of €25 million 5.5% secured bonds maturing in 2036.

Finestday Malta plc is the finance arm of Projectco 2024 Limited (the Guarantor), a company registered under the laws of England and Wales. Through its subsidiaries, the Guarantor owns the Stock Exchange Hotel, a 40-keys boutique five-star luxury hotel in the centre of Manchester. The Group intends to convert an office building (Norfolk House) located directly opposite the Stock Exchange Hotel into 95 luxurious hotel rooms, three meeting rooms, a lobby and guest welcome lounge, a small restaurant, a gym, and spa facilities whilst retaining the existing car parking facilities.

The salient details of the new bond issue are as follows:

Coupon:

5.50%

Amount Offered:

€25 million (nominal)

Issue Price:

100% (par)

Maturity:

27 February 2036

Interest Payment Date:

Annually on 27 February (first interest payment date is 27 February 2027)

Ranking of the Bonds:

The bonds will constitute the general, direct, secured, and unconditional obligations of the Issuer. The secured bonds will be guaranteed in respect of both the principal amount and interest due thereon by the Guarantor and will, at all times, rank pari passu, without any priority or preference among themselves.

The bonds will be secured by the first ranking fixed charge governed by English law constituted over the freehold title of the property known as Norfolk House and a floating security governed by English law over all of the present and future assets of Projectco Sub 2024 Limited (the security provider), which is a subsidiary of the Guarantor and the holding company of the Norfolk House property.

Use of Proceeds:

The proceeds from the bonds, which net of expenses are expected to amount to €24.4 million, will be used by the Guarantor for the following purposes:

Up to €18.74 million (GBP16.3 million) to finance the development of Norfolk House.
Up to €5.66 million (GBP4.9 million) for general corporate funding purposes.

Plan of Distribution:

The secured bonds are open for subscription to all categories of investors and the entire amount of €25 million has been reserved for subscriptions by Authorised Financial Intermediaries.

Minimum Subscription Amount:

€2,000 (nominal) and in multiples of €100 thereafter

Expected Listing Date:

13 March 2026

Listing:

Official List of the Malta Stock Exchange

Download:

Prospectus dated 12 February 2026

Fact Sheet dated 13 February 2026

Disclaimer:

This webpage has been prepared based on the Prospectus dated 12 February 2026 issued by Finestday Malta plc and no representations or guarantees are made by Rizzo, Farrugia & Co. (Stockbrokers) Ltd with respect to the accuracy of the data. This webpage is for information purposes only. It is NOT intended to be and should NOT be construed as an offer or solicitation to acquire or dispose of any of the securities or issues mentioned herein. Rizzo, Farrugia & Co. (Stockbrokers) Ltd accepts NO responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this webpage.

Investors wishing to acquire the Bonds should read the Prospectus before making any investment decision in order to fully understand the potential risks and rewards associated with an investment in the Bonds. A copy of the Prospectus is available on Rizzo, Farrugia & Co. (Stockbrokers) Limited’s website. Prospective investors are urged to consult their financial advisers as to the suitability or otherwise of acquiring such Bonds. The value of the investment and the income therefrom may go down as well as up and investors may lose some or all of the money invested.

This advertisement has been issued by Rizzo, Farrugia & Co. (Stockbrokers) Limited, a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta, and having its registered address at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.