BMIT Technologies plc Initial Public Offering (IPO)

Jesmond Mizzi Financial Advisors would like to announce that further to the company announcement issued by GO plc (The Offeror) last Monday in relation to the MFSA approval of BMIT Technologies plc Initial Public Offering (IPO), we are now accepting application forms should you be interested in participating.

The new local technology equity IPO,is the largest data centre provider in Malta, and is seeking to access the capital markets by going public. GO plc will retain the control of BMIT Technologies plc, and will list up to 49% to the public. Shares are being offered at €0.49 per share,carrying a share premium of €0.39 per share.

20,500,000 Shares will be allocated to Preferred Applicants and to the General Public in accordance with an allocation policy, but in determining the allocation policy, Preferred Applicants will be given preference.

Preferred Applicants (collectively GO Shareholders and GO Group Employees)

Go Shareholders appearing on the register as at the Cut-Off Date (i.e. trading of the 28th December and settlement 3 January) will be receiving a letter and personalised Application Form 'B' which will be mailed by the Offeror today.

Application Forms 'B' will be available to GO Group Employees from the Offeror's and the Company's offices.

Preferred Applicants may submit their Applications by latest 14:00 hours on 31 January 2019 subject to a minimum application of 2,000 Shares and in multiples of 100 Shares thereafter.

General Public

Other Applicants wishing to subscribe for the Shares may do so by completing Application Form 'A' by latest 14:00 hours on 31 January 2019 subject to a minimum application of 2,000 Shares* and in multiples of 100 Sharesthereafter.

Application form ‘A’ are made available in all of our branches in Valletta, Hamrun, Birkirkara, and Ta’ Xbiex.

 

BMIT Technologies plc - Facts & Figures

  • Revenue to increase from €14.5m in 2015 to €24.6m in 2020.
  • EBITDA to increase from €7m in 2015 to €11.4m in 2020, maintaining a 45% EBITDA throughout.
  • Enterprise Value is estimated to be €100m
  • Dividend Payment to increase from €4.0m in 2018 to €4.9m to 2020.
  • Net Dividend Yield is expected to be in the region of 4.4% in 2019 and 4.9% in 2020.
  • Dividend Policy will be set at 90% of the group’s free cash flow, capped to 95% of distributable profits.

 

Prospectus is available through the following link, or downloaded below.

Interested investors are to contact Jesmond Mizzi Financial Advisorson 21224410 for further information on the new equity IPO.








This information is not intended to constitute an offer or agreement to buy or sell investments. The investment referred to in this document may not be suitable or appropriate for every investor. No liability is accepted whatsoever for any loss howsoever arising from any information in this document.  The value of investments may go down as well as up. Investors may get back less than their initial investment and past performance is no guarantee of future performance. Jesmond Mizzi Financial Advisors Limited or any connected company, their clients, officers and employees may have a position or engage in transactions in the bond issue. Advisory clients are to contact their financial advisor for further information and suitability of such an investment within their investment portfolio. 

BMIT Technologies plc IPO Prospectus





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