MeDirect Bank (Malta) plc would like to announce that we are accepting applications for anyone interested in the Initial Public Offering (IPO) in M&Z p.l.c. (previously M&Z (Marketing) Limited – the Issuer) ordinary shares.
There are 11,550,000 ordinary shares on offer, having a nominal value of €0.125 per share being offered at a price of €0.72.
You will be able to apply for subscription subject to a minimum application of 2,500 shares and in multiples of 250 shares thereafter.
As per the Dividend policy detailed on the prospectus, it is the Board’s intention to recommend a total dividend distribution of not less than 50% of distributable reserves in respect of the Ordinary Shares. Moreover, for the financial years ending 31 December 2022 and 31 December 2023, the Board intends to distribute dividends in respect of the Ordinary Shares amounting to not less than 75% and 65% respectively of distributable reserves generated in each financial year.
Full details about this IPO are set out in the Prospectus 25th January 2022 which can be found here.
MeDirect will be accepting applications from anyone who is interested in applying. All applications must be received by not later than 18th February 2022. In the event of over-subscription, the Issuer reserves the right to close the Offer Period before this date.
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 firstname.lastname@example.org.