PAVI Shopping Complex plc – Redemption of PAVI Shopping Complex p.l.c. 7% Secured Bonds 2014-2017

The company announced that with reference to the terms of the Prospectus dated September 28, 2007 (the “Prospectus”) issued by PAVI Shopping Complex p.l.c. (the “Issuer”) in respect of €11,646,867 7.0% Secured Bonds 2014-2017 having a nominal value of €100 and issued at par (the “Bonds”). The issuer has the option to redeem the Bonds in whole or in part prior to their maturity falling due on the October 26, 2017, on each of October 26, 2014, October 26, 2015 and October 26, 2016, in each case by giving at least sixty (60) days advance written notice to all Bondholders and to Bank of Valletta p.l.c. in its capacity as Trustee. 

With respect to the above, the Board of Directors of the Issuer has resolved, by virtue of a resolution dated May 27, 2014, to redeem the PAVI Shopping Complex p.l.c. 7.0% Secured Bonds 2014-2017 in full on the first Optional Redemption Date falling due on the October 26, 2014. 

The Board of Directors wishes to thank all bondholders for their support. 

The redemption policy 

Bondholders appearing on the register of bondholders as at October 10, 2014 will be receiving in full their principal amount together with the yearly interest payable on the October 26, 2014. 

The last date of trading shall be October 6, 2014. 

All words and expressions used herein in their capitalised form shall, unless the context otherwise requires, have the same meaning assigned to them in the Prospectus. 

To view the official company announcement, click here.