Bonds and Shares
26/11/2019
AX Group p.l.c. - New Bond Issue

The Board of Directors of AX Investments p.l.c. has announced that its ultimate parent company AX Group p.l.c., has been granted approval by the Listing Authority of the Malta Financial Services Authority, for the admissibility to listing of €25,000,000 AX Group p.l.c. unsecured bonds of a nominal value of €100 per bond issued at par in any one or a combination of : i) 3.25% unsecured bonds 2026 ("Series I Bonds") and ii) 3.75% unsecured bonds 2029 ("Series II Bonds"); collectively the "Bonds".

As announced on the 8 November 2019, the aggregate amount of €25,000,000 in Bonds is being reserved for subscription by Preferred Applicants, which consist of holders of the €40,000,000 6% unsecured bonds 2024, issued by AX Investments p.l.c, which appeared on the register of bondholders as at 14 November 2019, with the last trading day being 12 November 2019 (the"AXI Bondholders") and employees and directors of any company forming part of the AX Group (the group of companies of which AX Group p.l.c. is the parent company) as at 14 November 2019 (the "AX Group Employees") 

Application 'Series I' and Application for 'Series II' will be mailed to AXI Bondholders on the 26 November 2019 and will be made available to AX Group Employees from the Issuer's office as from the 29 November 2019. Such Application forms may be submitted to any Authorised Financial Intermediary (as defined in the prospectus) by latest 14:00 Hours on 12 December 2019 or such earlier date as may be determined by the issuer.

Any balance of the Bonds not subscribed for by Preferred Applicants shall be made available for subscription by Authorised Financial Intermediaries through an Intermediaries' Offer on 18 December 2019.
 
MeDirect Bank (Malta) plc will be accepting applications for these Bonds.

Before making your investment decision, you are requested to read the Prospectus of the new Bonds. For further information, please call us on (+356) 2557 4400 or send an email to wealthsolutions@medirect.com.mt.


The information set forth in this article is only for informative purposes and should not be construed as an offer to sell or solicitation of an offer to subscribe for or purchase any investment. The information provided is subject to change without notice and does not constitute investment advice or any guarantee of returns. Please consider the terms and conditions governing the relevant investment prior to making any investment decision. Investors should note that at worst they may lose all of their invested principal in the event of default, insolvency and/or bankruptcy of the relevant issue. The financial instruments discussed may not be suitable for all investors and investors must make their own informed decisions and seek their own advice regarding the appropriateness of investing in financial instruments or implementing strategies discussed herein.

MeDirect Bank (Malta) plc has based this document on information obtained from sources it believes to be reliable but which have not been independently verified. MeDirect Bank (Malta) plc does not therefore provide any guarantees, representations or warranties. The value of any investment or income may go up as well as down and past performance is no guarantee of any future performance. When an investment is denominated in a currency other than your local or reporting currency, changes in exchange rates may have an adverse effect on your investment.

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