Premier Capital Plc – New issue of Bond and Redemption of existing Bond
The company announced that it submitted an application to the Listing Authority of the Malta Financial Services Authority request the admission to a listing of €65,000,000 Premier Capital p.l.c Unsecured Bonds 2026. Application has also been made for the new bonds to be listed and traded on the Malta Stock Exchange.
Furthermore the company announced that the Board of Directors has resolved to redeem the 24,641,000 6.8% Premier Capital p.l.c Unsecured Bonds 2017-2020 on March 16 2017, in accordance with the terms of the prospectus dated March 1 2010.
Subject to regulatory approval, the company will be granting preference to subscribe to the new bonds to:
(a) Holders of the 24,641,000 6.8% Premier Capital p.l.c Unsecured Bonds 2017-2020.
(b) Holders of Hili Ventures group bondholders of either the 4.5% Hili Properties p.lc Unsecured Bonds 2025 or the 5.1% PTL Holdings p.lc Unsecured Bonds 2024.
(c) Hili Ventures Group stakeholders being; shareholders, directors and employees of Hili Ventures Limited.
To view the full announcement, click here.