Harvest Technology P.L.C. Initial Public Offering

1923 Investments P.L.C. and Prof. Juanito Camilleri are seeking to raise up to €13,668,384 through the disposal of Shares in Harvest Technology p.l.c., a subsidiary of the Hili Ventures Group.

An application has been made for the admission to listing and trading of Harvest Technology p.l.c. on the Official List of the Malta Stock Exchange.

Business Overview

The core business of Harvest Technology p.l.c. is primarily as an investment and holding company which does not carry out trading activities of its own. It is dependent on its three significant subsidiaries which operate under separate management: PTL Limited, APCO Systems Limited and APCO Limited.

• PTL Limited has been in operation since 1976, with over 40 years’ experience in the technology industry. It is a multi-brand information technology solutions provider, its principal business activity being that of seeking to understand the business and strategies of its clients and providing bespoke information technology solutions based on its expertise in hardware infrastructure and software business applications, leveraging its business intelligence and data analytics capabilities to provide clients with value-adding insights to drive their businesses.

• APCO Systems Limited, which operates under the brand Apcopay, is a payment solutions provider offering e-commerce processing services for retailers and internet-based merchants with the objective of simplifying payments for businesses globally. Incorporated in Malta in 2001, it has over 15 years’ experience in the payment solutions industry and is supported by a team of experts in the field.

• APCO Limited is a supplier of a wide range of automation and security solutions catering principally to the retail, banking, security and the fuel sector. Established in 1984, it also provides maintenance and support services. The target products it offers in relation to each line of business are in the Retail, Banking, Security, Fuel and Support sectors.

Use of Proceeds

The net proceeds from the Share Offer, expected to amount to €13.2 million, shall be for the benefit of the Selling Shareholders, in the amount of €11.88 million for 1923 Investments P.L.C and in the amount of €1.32 million for Prof. Juanito Camilleri respectively.

How to apply

Orders be submitted by visiting one of our branches or through your financial advisor.

Orders can also be submitted through CC Trader using the instrument “Harvest Technology plc FORM B – General Public” for a minimum quantity of 1,000 shares and in multiples of 100 shares thereafter.

Employees and directors of any company forming part of the Hili Ventures Group as at 15 November 2019, are Preferred Applicants and may apply using the instrument “Harvest Technology plc FORM A – Preferred”.

All orders must be submitted by not later than the 12th of December, 2019 at 4 pm (Closing date).

The offer may close at an earlier date without prior notice as a result of over-subscription.

Non-nominee applications will be subject to a €25 fee.

A copy of the Registration Document is available here.