MeDirect Bank (Malta) plc would like to announce that we are accepting applications from anyone interested in the Initial Public Offering (IPO) in The Convenience Shop (Holding) plc (hereby referred to as the “Issuer”) ordinary shares.
There are 7,700,000 ordinary shares on offer, having a nominal value of €0.16 per share being offered as follows:
- up to 1,000,000 ordinary Shares of a nominal value of €0.16 per Share are being offered by the Company pursuant to the New Shares Offer; and
- if the New Shares Offer is fully subscribed, up to 6,700,000 ordinary Shares of a nominal value of €0.16 per Share are being offered by the Selling Shareholders pursuant to the Sale Shares Offer.
The Offer price is of €0.97 per share and further discounts are offered to investors who exceed certain investment thresholds as indicated below:
|Investment Amount||Specific Offer Price|
|€150,000 – €499,999||€0.957|
|€500,000 – €1,000,000||€0.945|
|€1,000,000 or over||€0.915|
You will be able to apply for subscription subject to a minimum application of 2,000 shares and in multiples of 100 shares thereafter.
As per the Dividend policy as detailed on the prospectus, the Company’s Board of Directors has implemented a policy to recommend a dividend distribution of 55% of the recurring free cash flow on an annual basis, subject to statutory requirements and availability of profits for distribution.
Full details about this IPO are set out in the Prospectus dated the 25th January 2023 which can be found here.
MeDirect will be accepting applications from anyone, who is interested. All applications must be received by not later than 10th March 2023. 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.
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.