The Board of Directors of Trident Estates plc announces that the Listing Authority has granted approval for a Rights Issue of up to 12,000,003 new ordinary shares in the Company having a nominal value of €1 each. The Rights Issue will be offered to shareholders on the Register at the Central Securities Depository of the Malta Stock Exchange as at the close of business on 4 October 2019 (the “Record Date”).
Use of Proceeds
If subscribed to in full, the Rights Issue will raise gross proceeds of approximately fifteen million Euro (€15,000,000) which will be applied to part-finance the development of the Trident Park project.
Shareholders shall be entitled to subscribe to two (2) new ordinary shares for every five (5) ordinary shares (or parts thereof, subject to rounding) held by them as at the Record Date at a Rights Issue price of €1.25 per new ordinary share.
Any lapsed rights will be offered to (i) the Company’s shareholders who would have accepted their proportionate entitlement in full and applied for lapsed rights and (ii) the general public through an intermediaries’ offer, in this order of preference. The minimum application amount is 1,000 shares for Lapsed Rights.
How to Apply
Interested customers can exercise their right by contacting us on 25 688 688 or through our financial advisors based in one of our branches across Malta.
Applications will be accepted from the 15th of October 2019.
The closing date will be on the 29th of October at 12:00 (noon) therefore all applications must be submitted prior to ensure we manage the timely execution of your instructions.
Applications for lapsed rights through the Intermediaries’ Offer will be accepted from the 6th of November and will close on the 8th of November 2019.
A copy of the prospectus is available HERE
The Value of the Investments may increase as well as decrease. Past performance is not an indication of future performance. Prospective Investors are urged to read the Prospectus especially the sections entitled “Risk Factors” contained within the same document. Calamatta Cuschieri Investment Services (CCIS) Ltd is Licensed by the MFSA. Issued by CCIS.