Harvest Technology plc - Offer for Sale of Shares

On 20 November 2019, Harvest Technology plc (“Harvest”) issued a formal notice announcing the offering of 9,112,256 ordinary shares, representing 40% of its total issued share capital, to be admitted to the Official List of the Malta Stock Exchange.

Harvest is focused on three principal business activities, namely: (i) the provision of systems integration services and IT solutions which are conducted through PTL Ltd; the provision of automation solutions via APCO Ltd; and (iii) the provision of payment processing solutions under the ‘Apcopay’ brand through APCO Systems Ltd. Furthermore, Harvest holds the entire share capital of Ipsyon Ltd which, in turn, owns the intellectual property rights and the software pertaining to ‘Apcopay’.

Selling Shareholders:

1923 Investments plc (a subsidiary of Hili Ventures Ltd, currently holding 90% of the total issued share capital of Harvest)
Prof. Juanito Camilleri (non-executive Chairman of Harvest, who currently has a 10% stake of Harvest)

Amount of Shares on Offer:

9,112,256 shares

Offer Price:

€1.50 per share

Minimum Subscription Amount:

1,000 shares (equivalent to €1,500) and in multiples of 100 shares (equivalent to €150) thereafter.

Closure of ‘General Public’ Offer Period:

12 December 2019 (or earlier in the case of over-subscription)

Listing:

The shares of Harvest are expected to be admitted to the Official List of the Malta Stock Exchange on 6 January 2020 and trading in the shares is expected to become possible on 7 January 2020.

Disclaimer:

The value of investments may increase as well as decrease and past performance is not an indication of future performance. Harvest is subject to a number of risks pertaining to the nature of its businesses. Prospective investors are urged to read the ‘Risk Factors’ found in the Prospectus dated 18 November 2019. These are listed in Section 3 – ‘Risk Factors’ of the Registration Document found on pages 6 to 13, and in Section 2 – ‘Risk Factors’ of the Securities Note found on pages 6 to 8.

Prospective investors must also note that since the profit forecasts and the assumptions on which they are based relate to the future, they may be affected by unforeseen events. As such, the variation between forecasts and actual results may be material.

Downloads:

Prospectus dated 18 November 2019

Share Offer Fact Sheet

Share Offer Application Form

Client Assessment & Confirmation Form

 

This webpage has been prepared based on the Prospectus dated 18 November 2019 issued by Harvest Technology 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.

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