Hili Finance Company plc - Basis of Acceptance and Allocation Policy

On 20 January 2026, Hili Finance plc announced the basis of acceptance and allocation policy in relation to the offer of €60 million 5.0% unsecured bonds redeemable in 2033.

Hili Finance explained that it received a total of 4,714 applications for a total value of €82.6 million. As a result of the over-subscription, the offer was closed on 9 January 2026, ahead of schedule.

Hili Finance received 2,341 applications totalling €50.3 million from holders of Premier Capital plc bonds, of which €39.0 million represented applications by Premier bondholders to exchange their Premier bonds. In view that this exceeded the €32.5 million reserved for Premier bondholders, the company allocated the first €30,000 in bonds in full and 58.608% on the remaining amount rounded to the nearest €100.

There were 1,545 applications from other preferred applicants totalling €18.9 million. Therefore, the total preferred applicants’ pool amounted to €30.3 million, including the additional amounts applied for by Premier bondholders. Preferred applicants were allocated the first €5,000 in bonds in full and 29.399% on the remaining amount, rounded to the nearest €100.

Furthermore, Hili Finance received 828 applications from the general public amounting to €13.3 million, of which 75.399% were allotted rounded to the neared €100.

The company explained that refunds of unallocated amounts will be made by 27 January 2026. The new bonds are expected to be admitted to listing on the Official List of the Malta Stock Exchange on 27 January 2026 and trading is expected to commence on 28 January 2026.

Interest on the new bonds will start to accrue on 27 January 2026 and will be payable annually in arrears on 6 February, with the first interest payment (covering the period from 27 January 2026 up to and including 5 February 2027) payable on 6 February 2027.

Within 30 calendar days from the admittance of the bonds to listing, 3.75% Premier Capital plc 2026 bondholders surrendering their respective holdings will receive the 3.75% interest covering the period between and including 23 November 2025 and 26 January 2026.