“New Bonds and a Rights Issue…”

Issue of €60,000,000 6% International Hotel Investments p.l.c Unsecured Bonds 2033

International Hotel Investments plc published a €60 million 6% unsecured bonds redeemable in 2033.

The new bonds are earmarked for subscription by: 

1. Holders of the 2023 Bonds and 2024 Bonds as at close of trading on 19 September 2023 (“Maturing Bondholders”) – up to the amount of maturing bonds so held as at close of trading on 19 September 2023.
2. Maturing Bondholders in respect of any subscription in addition to (1) above; IHI shareholders and Corinthia Group bondholders as at close of trading on 19 September 2023; as well as Corinthia Group personnel as at 22 September 2023. 

Any remaining amounts not subscribed for any of the above will be offered for subscription by Authorised Financial Intermediaries through an Intermediaries’ Offer.

All applications are subject to a minimum subscription of €2,000 (nominal) and in multiples of €100 thereafter.

Applications open on Thursday 5 October 2023 and close on Thursday 26 October 2023. The Offer Period may be terminated before 26 October 2023 in case of over-subscription. 

Issue of €40,000,000 5.85% AX Group p.l.c. Unsecured Bonds 2033

The Board of directors of AX Group plc has announced the issuance of €40,000,000 5.85% unsecured bonds maturing in 2033, issued at par and redeemable at their nominal value on 7^th November, 2033.

Any remaining amounts not subscribed for by Maturing Bondholders and Preferred Applicants will be offered for subscription by Authorised Financial Intermediaries through an Intermediaries’ Offer.

Applications opened on Thursday 5 October 2023 and close on Monday 23 October 2023. The Offer Period may be terminated before 23 October 2023 in case of over-subscription. 

All applications are subject to a minimum subscription of €1,000 (nominal) and in multiples of €100 thereafter.

Lombard Bank Malta plc – Rights Issue

Lombard Bank Malta plc are offering by way of a Rights Issue to its Existing Shareholders, 61,828,332 new ordinary shares of a nominal value of €0.125 each.

A rights issue of 2 new ordinary shares for every 3 ordinary shares held by shareholders appearing on the Bank’s Register of Members at the Central Securities Depository of the Malta Stock Exchange as at the close of trading on 19 September 2023 (the ‘Record Date’) at an offer price of €0.75 per share (the ‘Rights Issue’).

Share offer Period is from:

Thursday 28 September 2023 to Thursday 26 October 2023 and new shares will be admitted to listing on 11^th December 2023.

BMIT Shareholders Approve Acquisition of GO plc’s Tower Infrastructure

BMIT to invest €47.1 million in approximately 280 rooftop sites, as it creates a high quality and diversified technology company, with an improved long-term financial profile.

Leading cloud, infrastructure, and cybersecurity provider BMIT Technologies plc (“the Company”) today announced that its shareholders have resoundingly approved the Company’s acquisition of GO plc’s passive (tower) infrastructure, used for the hosting of its cellular telecommunications equipment.

By way of this transaction BMIT will be acquiring approximately 280 sites and ‘towers’, in the process taking over the ownership and management of the rooftops on which GO have installed or will be installing, active equipment to run their mobile services to subscribers.

Once under BMIT’s ownership, BMIT will oversee maintenance and upgrades, while allowing GO continued access for their operations and provision of mobile services on their network. As part of the agreement, GO plc will be required to install and deliver to BMIT an additional 30 sites by the end of 2030.

The Company said it will be acquiring these sites / towers for a total consideration of approximately 47.1 million euro.

Ing. Christian Sammut, CEO at BMIT Technologies plc, said: “The Board of Directors and I are very happy that this transaction, called Project Sky, has received the full backing of our shareholders. Project Sky will have an immediate impact on our revenue and performance, strengthening the company while further diversifying and improving our growth profile and revenue base.

“Project Sky will also have a positive impact on our longer-term margins and help us reduce our dependency on specific sectors. By creating this new vertical, we are building on years of experience in our core infrastructure and data centre business, whilst continuing to pave the way for our transformation into a hybrid IT solutions provider. Moreover, it ensures a stable and guaranteed revenue which will help us achieve our objectives for the years to come.”

The acquisition or ‘Proposed Transaction’ was approved by 99.99% of the Company’s shareholders during an extraordinary general meeting on Monday, 25^th September 2023.

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