Simonds Farsons Cisk plc - Allocation Policy

On 9 June Simonds Farsons Cisk plc announced its allocation policy with respect to its recent offering of €15 million 6% Bonds maturing between 2017 and 2020. The bond issue was heavily over-subscribed as Farsons received 5,120 applications with a total value of €45.98 million. The subscriptions were split up as follows: 1,854 applications for a total value of €15.78 million were submitted by existing bondholders; shareholders lodged 341 applications worth €5.5 million; and the General Public applied for a total of €24.7 million across 2,925 applications.

Due to the over-subscription the Farsons Group adopted the following allocation policy:

• Existing Bondholders were allotted the guaranteed amount in full plus 29.019% of the balance;

• Shareholders were allotted €1,100 per application plus 12.205% of any remaining balance;

• General Public were allotted €700 per application plus 3.497% of the balance.

In the announcement, the Farsons Group also stated that interest on the Bonds will commence on 9 June. Allotment advices and refunds of unallocated monies will be made by Wednesday 16 June.

The new Bonds are expected to be admitted to the Official List of the Malta Stock Exchange on Thursday 17 June with trading expected to commence on Friday 18 June.