Trident Estates plc – Trading of Trident Estates plc on MSE

Following the Listing Authority’s approval on 18 December 2017, the Company’s shares were admitted to listing on the Official List of the Malta Stock Exchange on 30 January 2018 and trading commenced today.

The shares in the Company were transferred by Simonds Farsons Cisk plc (“SFC”) to its shareholders as an interim dividend settled ‘in kind’ pro rata to the number of shares held by the shareholders in SFC as at close of business on 21 December 2017. SFC mailed out a share transfer agreement to each of its shareholders requesting that it be signed and returned to SFC by 19 January 2018. Any shares in the Company that have not been transferred because the respective share transfer agreements were not received by SFC (the “Trust Shares”) have now been settled in trust with Alter Domus Trustee (Services) Malta Limited (“Alter Domus”), a trust company that is duly authorised by the Malta Financial Services Authority, having its business address at Vision Exchange Building, Territorials Street, Mrieħel BKR 3000, for the purpose of preserving these Trust Shares for the benefit of those entitled to such shares until such time as the relevant share transfer documents have been completed.

Shareholders who have any claim to the Trust Shares or require further guidance and/or clarification are kindly requested to contact Alter Domus by email on [email protected] or by telephone on (+356) 2205 1024 and provide the following details:

• Full name and surname (or company name when shareholder is a company);

• ID Card Number (or company registration number, where applicable);

• MSE Number under which the SFC shares have been held on the Distribution Record Date;

• Number of shares held in SFC as at the Distribution Record Date;

• Telephone number that can be used during office hours.

As was stated in the Company’s prospectus dated 18 December 2017 (the “Prospectus”), the Company will be seeking financing through inter alia a rights issue of fifteen million (15,000,000) new ordinary shares of Euro 1 (€ 1) which is planned for 2019 (the “Rights Issue”). It was further stated that the Company’s main shareholders (as per Section 7.1 of the Registration Document forming part of the Prospectus) would undertake to subscribe, proportionate to their shareholding in the Company at the time of the Rights Issue, to the Rights Issue on the terms and subject to the conditions set out in the relevant prospectus to be issued at the time. The Company’s three main shareholders (Farrugia Investments Limited, M.S.M. Investments Limited and Sciclunas Estates Limited) have signed an undertaking agreement to this effect.

Bank loans have also been secured with a leading local bank. All prerequisites are now in place to commence the Trident Park project which, once completed within an estimated period of three years, will be a leading International Grade A office complex within the iconic Farsons Brewery complex. 

To view the official announcement, click here.