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24/11/2020
GAP Group plc. - New Bond issue

The Board of Directors of Gap Group p.l.c. have announced the issuance of €21,000,000 3.70% Gap Group p.l.c. Secured Bonds 2023 – 2025, following approval by the Listing Authority. The new bonds have a nominal value of €100 and will be issued at par. The minimum subscription is €2,000 and multiples of €100 thereafter.

The new Gap Bonds will be offered for subscription to existing GAP Group bondholders (being holders of the 3.65% Gap Group p.l.c. Secured Bonds 2022 and holders of the 4.25% Gap Group p.l.c. Secured Bonds 2023) and to the general public.

Full details of the New Gap Bonds are set out in the Prospectus dated 20 November 2020, together with the Registration Document and the Summary Note .

MeDirect will be accepting applications from anyone, who is interested. All applications must be in by 15 December 2020 at 2pm. The Issuer reserves the right to close the Offer Period before 15 December 2020 in the event of over-subscription.

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

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

MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority under the Banking Act (Cap. 371) and the Investment Services Act (Cap. 370). This material is intended only for the use of the recipient and shall not be reproduced in any way, whether in whole or in part, by the recipient. Any unauthorised disclosure, use or dissemination, either in whole or in part, of the material contained within is strictly prohibited. 

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MeDirect Bank (Malta) plc, company registration number C34125, is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371) and investment services under the Investment Services Act (Cap. 370). MeDirect Bank (Malta) plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994.