The Board of Directors of Hili Finance Company p.l.c. announces that it has submitted an application to the Listing Authority requesting the admissibility to listing of €80,000,000 Hili Finance Company p.l.c. 3.8% unsecured bonds redeemable in 2029 and guaranteed by Hili Ventures Limited to the Malta Stock Exchange and for trading to commence thereafter.
Subject to obtaining regulatory approval, a total equivalent to €40 million in Bonds will be reserved for subscription by Preferred Applicants which include Hili Ventures Stakeholders (shareholders, directors and employees of any company forming part of Hili Ventures group as at 17 July 2019) and Hili Ventures Bondholders appearing on the respective register as at close of business on 17 July 2019 with the last trading date being on 15 July 2019 (the “Cut-Off Date”) in any of the following:
- 5.1% 1923 Investments p.l.c. unsecured bonds 2024
- 4.5% Hili Properties p.l.c. unsecured bonds 2025
- 3.75% Premier Capital p.l.c. unsecured bonds 2026
- 3.85% Hili Finance Company p.l.c. unsecured bonds 2028
The remaining €40 million in Bonds will be available for subscription by the general public.
Further detailed information on the Bonds shall be available in the prospectus which will be published in due course following attainment of the necessary approvals by the Listing Authority.
A copy of the Company Announcement issued by Hili Finance Company plc can be found here.