MIDI plc – €50 million 4% Secured Bonds 2026 – Basis of Acceptance

MIDI plc announced the basis of acceptance for the issue of €50million 4% MIDI plc Secured Bonds 2026, which was oversubscribed by €56million. 

Existing bond holders shall receive the amount rolled over in full together with a further amount based on allocation basis applied for the general public – that is, the first €1,000 of the unsatisfied amount and 16.887 per cent on the remaining amount rounded to the nearest €100. 

Similarly shareholders shall receive the first €1,000 in full and 9.545 per cent on the remaining balance with the unsatisfied amounts being further considered for allocation on a pari passu basis with applications received from the general public.  

Interest on the Bonds will commence on July 27, 2016 and refunds of unallocated monies will be made by August 1, 2016. The bonds are expected t be admitted to the Malta Stock Exchange with effect from August 3, 2016, and trading to commence on August 4, 2016.

To view the official Company Announcement, click here.