MIDI plc – Approval of Resolutions at AGM 2016

MIDI plc announced that during its Annual General Meeting held on May 12, 2016 all of the resolutions on the agenda were approved, including the payment of a net dividend of €0.007 per share by May 27, 2016. 

MIDI plc announced that subject to regulatory approval, new secured bonds will be issued at par worth €50million, redeemable in 2026 as the 7% MIDI 2016-2018 issue, denominated in EUR and GBP bond will be redeemed. The intention of the company is that holders of the maturing bonds will be granted the opportunity to surrender and cancel all or part of their holding in the maturing bond in exchange for bonds in the new bond and that specific amounts of the new bond will be reserved to holders of the maturing bond and to shareholders of the company.

To view the official Company Announcement, click here.