The board of directors of Simonds Farsons Cisk plc has announced the early redemption of €15,000,000 6% Simonds Farsons Cisk plc Bonds 2017-2020. The Designated Optional Redemption Date in terms of the Company’s prospectus dated 10th May 2010, shall be the 13th September 2017.
The last applicable date for trading, in the existing SFC Bonds will be the 28th July 2017. Consequently, Secondary Market Trading in the existing SFC Bonds will then be suspended as from 31st July 2017.
In addition to the early redemption, SFC also announced that an application has been submitted to the Malta Financial Services Authority (MFSA), requesting the admissibility to listing a new bond issue; €20,000,000 Simonds Farsons Cisk plc, Unsecured Bonds 2027.
Subject to the attainment of the necessary regulatory approvals, and other conditions, the company intends to give preference to the existing bond holders who indicate their willingness to surrender their existing holding, in part or in whole.
Information regarding the application process of the new issue will be provided further on, following the necessary approvals.
For more information, please contact us on 25 688 688 or [email protected].