Medserv plc – Admissibility to Listing of Dual Issue
Medserv plc has been granted approval by the Listing Authority for the admissibility to listing on the Official List of the Malta Stock Exchange of the following instruments:
1) Bond Issue: €30,000,000 Unsecured Bonds redeemable in 2026 in any one or a combination of:
a) 5.75% USD Unsecured Bonds redeemable in 2026 of a nominal value of $100 each issued at par (minimum investment and retention amount per investor of $55,000);
b) 4.5% Euro Unsecured Bonds redeemable in 2026 of a nominal value of €100 each issued at par (minimum investment and retention amount per investor of €50,000).
The Bonds shall be initially offered to financial intermediaries for subscription. In the event that the Bonds are not subscribed in full by the said intermediaries, the Company shall make available the amount unsubscribed to investors by way of a public offer.
2) Rights Issue:
Pursuant to the rights issue, the Company is offering 10,000,000 ordinary shares by way of rights to shareholders on the register of the Company at the Central Securities Depository of the Malta Stock Exchange as at the 29 December 2015 (meaning trading up to and including 23 December 2015) (the “Record Date”) at the share offer price of €1.50 per ordinary share (“Share Offer Price”). The rights issue will be made on the basis of 2 new ordinary shares for every 9 existing ordinary shares held.
Mr Anthony S. Diacono and Malampaya Investments Limited (together owning 75% of the issued share capital of the Company) are making an offer to financial intermediaries of their entitlement to a) 3,750,000 new ordinary shares in the case of Anthony S. Diacono and b) 2,625,000 new ordinary shares in the case of Malampaya Investments Limited at the Share Offer Price. Malampaya Investments Limited has agreed to subscribe to 1,125,000 new ordinary shares, representing 30% of its rights.
If subscribed to in full at the Share Offer Price, the rights issue will raise gross proceeds of Euro15,000,000. Any lapsed rights from the rights issue will be offered to financial intermediaries during an intermediaries offer.
Application has also been made to the MSE for the New Ordinary Shares and the Bonds issued pursuant to this Prospectus to be admitted to trading on the MSE’s Regulated Market and to be listed on the Official List of the MSE. The Listing Authority has also approved the prospectus to be issued in connection with the above described dual issue.
You may contact us by phone on freephone number 8007 2206 or speak to our Investment Advisors at one of our branches in Ħamrun, Birkirkara, St. Paul’s Bay or Ta’ Xbiex (by appointment). We will be pleased to answer any queries you may have on this issue and assist in the completion of all the necessary forms at one of our offices.
Please be informed that our Valletta branch is currently closed for refurbishment.
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 can 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.