JD Capital PLC 5% Unsecured Bonds 2028

JD Capital Plc has announced the issue of €5,000,000 of 5% Unsecured Bonds redeemable in 2028, with a nominal value of €100 issued at par.

If you wish to apply for these bonds see information at the bottom of this article or contact us on 25 688 888.

BUSINESS OVERVIEW:

On the 9th of August 2017, the Issuer was incorporated to act as the parent and financing arm of the Group including JS Dimech Limited and is a 99.99% owned subsidiary of JD Holdings Limited.

The principal object of the Issuer, as per its Memorandum and Articles of Association is to subscribe for, take, purchase or otherwise acquire and hold shares, stocks, debentures or other securities of any other company having objects altogether or in similar part to those of the Company or carrying on any business capable of being conducted so as to directly or indirectly benefit the Company and to co-ordinate, finance and manage the business or operation of any company in which the Issuer holds any such interest. In this regard, the issue of the Bonds falls within the objects of the Issuer.

USE OF PROCEEDS:

The proceeds from the Bond Issue, will be transferred by the Issuer to JD Operations Limited by way of a loan agreement and shall be used by JD Operations Limited for the following purposes:

• An amount of €3,850,000 shall be utilised to partially settle the amounts due in respect of the acquisition of the business assets, manufacturing facilities, property, plant and equipment from the existing operating company as per the Transfer agreement detailed in Section 8.2 of this Admission Document;

• An amount of €1,050,000 shall be utilised for existing and increased working capital and trade finance requirements.

COMPANY OVERVIEW:

With over thirty (30) years’ experience in the steel and aluminium industry, the JS Dimech Group has been involved in numerous large scale projects including private developments in the luxury real estate sector along with restorations of national heritage sites. Management believes that this has helped the JS Dimech Group achieve its status as a market leader.

APPLICATION HAS BEEN MADE TO THE EXCHANGE FOR THE BONDS TO BE ADMITTED TO TRADING ON PROSPECTS MTF. PROPSECTS IS A MARKET DESIGNED PRIMARILY FOR EMERGING AND SMALLER COMPANIES TO WHICH A HIGHER INVESTMENT RISK TENDS TO BE ATTACHED. PROSPECTS MTF SECURITIES ARE NOT ADMITTED TO THE OFFICIAL LIST OF THE MALTA STOCK EXCHANGE.

HOW TO REGISTER TO BUY BONDS?

Orders will be accepted from the 17th of May, 2018.

All orders must be submitted by not later than the 23rd of May at 12:00 pm (Closing date)

The offer may close at an earlier date by prior notice subject to over-subscription.

Applications must be for a minimum value of €2,000 and multiples of €100.

A copy of the Company Admission Document is available HERE

Orders may be placed by contacting us on +356 25 688 888 or via email on [email protected] or through your finance advisor.

Calamatta Cuschieri Investment Services Ltd is acting as Sponsor, Manager and Registrar for this bond issue.