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MIDI plc – Issue of shares to the public


MIDI plc’s principal activity is the development of the Manoel Island and the Tigne Point Project. More information about the company can be found here or on www.midimalta.com

The Listing Authority has given the authorisation to MIDI plc to issue the following:

1) 44,444,444 ordinary shares together with an over-allotement option of up to a further 22,222,222 ordinary shares to be offered for subscription to the public at 45c per share

2) 22,222,222 ordinary shares to be offered for subscription to the existing shareholders of the Company at 45c per share

An Application form for this issue can be downloaded here.

The Prospectus for this issue can be downloaded here.

The Information Memorandum for this issue can be downloaded here.

Share Details

Denomination    Euro €
Issue Price    45c per share
Size of Issue    44,444,444 shares with over allotment of 22,222,222 shares
Listing    Malta Stock Exchange

Time Table

Pre-placement date    26 November 10
General Offer Period    29 November 10
Announcement of basis of acceptance    10 December 10
Refunds of unallocated monies    17 December 10
Admission of Ordinary Shares on the Malta Stock Exchange    22 December 10
Expected Commencement of trading of Ordinary Shares on the Malta Stock Exchange            23 December 10

Minimum application for shares

General Offer      2000 shares (equivalent to €900) and in multiples of 100 thereafter
Pre-placement    25,000 shares (equivalent to €11,250) an in multiples of 100 thereafter

For advice on whether this issue is suitable for inclusion in your investment portfolio please contact one of our investment advisors on 25 688 688 or send us an email on [email protected]