Mariner Finance plc – Allocation Policy

Mariner Finance plc announced the allocation policy to be applied to applications received in respect of its €30,000,000 5.3% Unsecured Bonds 2024 (Subject to an over-allotment option of an additional €5,000,000) issued by the Company in terms of the Prospectus and which opened for subscription on June 23, 2014. 

In terms of the Prospectus, the Company entered into a Placement Agreement on May 29, 2014, for the subscription of €20,000,000 of the Bonds on June 20, 2014. 

Subscription lists closed on June 23, 2014 due to an overwhelming response on the General Public offer.

3,137 applications representing a total value of €53,721,200 were received by June 23, 2014 for participation in the Private Placement and the General Public offer. The over-allotment option was exercised in full, thereby increasing the General Public offer from €10,000,000 to €15,000,000. The Company shall be satisfying all applications under the General Public offer for amounts up to and including €5,000 in full and in the case of applications for amounts over €5,000 the Company will likewise be satisfying the first €5,000 and allocating a further 19.475% of the remaining balance of all such applications. 

All amounts being allocated have been rounded to the nearest €100. Refunds of unallocated monies will be affected by not later than July 7, 2014. The Bond will be admitted to listing on the Malta Stock Exchange on July 8, 2014 and trading will commence on July 9, 2014. Interest on the Bonds will accrue as from July 4, 2014.