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 email@example.com.
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.