Picture your Future. Save for it by earning 1.5% on a 1-year Term Deposit Account! Learn more.

AX Real Estate p.l.c. – New Bond and Share Issues

AX Real Estate p.l.c. (C92104) (“AXRE”), a subsidiary of the Company’s Guarantor AX Group p.l.c., is pleased to announce the issue by the Company of:

  • a class of shares in AXRE of a nominal value of €0.125 per share, 33,333,333 ordinary ‘A’ shares of which will be offered for sale to the public at an offer price of €0.60 per share, subject to an over-allotment option which, if exercised, would increase the offer to up to an aggregate of 50,000,000 ordinary ‘A’ shares (the “Share Offer”) – Applications in excess of 200,000 shares will benefit from a 10% discount, and
  • €40,000,000 in 3.5% unsecured bonds of a nominal value of €100 per bond to be issued at par by AXRE, redeemable in 2032 (the “Bond Issue”).

Applications for Bonds are to be accompanied by an AX Real Estate p.l.c. shares application for a minimum of 5,000 Ordinary ‘A’ shares, unless the Bond application is equal to or exceeding €250,000.

The Share Offer and the Bond Issue are hereinafter collectively referred to as the “Combined Offer”.

Whilst the Combined Offer shall be available for subscription for all categories of investors (including the general public, through Authorised Financial Intermediaries), the following persons, without any priority or preference among themselves, shall be given preference in the allocation of the shares forming part of the Share Offer (the “Offer Shares”) and the bonds forming part of the Bond Issue (the “Bonds”):

Holders appearing on the respective register as at close of business on 17 December 2021 (with the last trading date being on 15 December 2021); of the:

  • €40 million 6% AX Investments p.l.c. Bonds 2024;
  • €15 million 3.25% AX Group p.l.c. (Series I) Bonds 2026; and
  • €10 million 3.75% AX Group p.l.c. (Series II) Bonds 2029,

and

  • employees of the AX Group who have been in employment since at least 31 October 2021.

Full details about this Combined Offer are set out in the Prospectus dated 6th December 2021 which can be found here.

If you are interested in applying, please send us a Secure Mail or contact your Relationship Manager.

For further information, please call us on (+356) 2557 4400 or send an email to customerservice@medirect.com.mt.

Share on facebook
Share on linkedin

Latest news articles

Notes from the Trading Desk - Franklin Templeton
All News

Notes from the Trading Desk – Franklin Templeton

The Federal Reserve (Fed), the Bank of England (BoE), the Swiss National Bank (SNB), Norges Bank and the Riksbank all raised interest rates last week and paved the way for further hikes at upcoming meetings.

All News

BlackRock Commentary: Sticking with reduced risk taking

Business activity is slumping and higher inflation persists. Central banks are responding with aggressive rate hikes without fully acknowledging the growth damage. The new regime of macro volatility is taking root with weaker growth, persistent inflation and volatile markets.

Experience better banking

The sooner you start managing your money, your way, using the best-in-class tools, the sooner you’ll see results. Sign up and open your account for free, within minutes.

Login

We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.