Allocation policy in respect of an offer of 99,761,701 ordinary shares in BMIT Technologies p.l.c. (the “Company”) of a nominal value of €0.10 each at an Offer Price of €0.49 per share (the “Shares”)

The Offeror is pleased to announce the method of application of the allocation policy referred to in the Prospectus dated 7 January 2019 (the “Prospectus”), in respect of Applications received further to the offer for sale of the Shares by the Offeror.

The Offeror and the Company entered into Pre-Allocation Agreements with a number of Financial Intermediaries, whereby an aggregate amount of 79,261,701 Shares have been allocated amongst such Financial Intermediaries.

The remaining balance of 20,500,000 Shares was made available for subscription by Preferred Applicants and the general public. As mentioned in the Prospectus, in determining the allocation policy, the Offeror has given preference to Preferred Applicants.

The Offeror received a total of 2,539 Applications for a total amount of 51,295,600 Shares from Preferred Applicants and the general public resulting in an over-subscription of 30,795,600 Shares.

1,806 Applications for a total amount of 36,678,200 Shares were received from Preferred Applicants and a further 733 Applications for a total amount of 14,617,400 Shares were received from the general public.

Applications received from Preferred Applicants and the general public will be satisfied as follows: 

Preferred Applicants

Preferred Applicants are being allocated the first 10,000 Shares in full and 13.688% on the remaining amount rounded down to the nearest 100 Shares.

As a result, a total of 1,004 Applications received from Preferred Applicants will be receiving full allocation of the amount applied for, representing 55.59% of the total number of Applications received. 

General Public 

Applications received from the general public are being allocated the first 5,000 in full and 6.11% on the remaining amount rounded down to the nearest 100 Shares.

As a result, a total of 212 Applications received from the general public will be receiving full allocation of the amount applied for, representing 28.92% of the total number of Applications received.

Refunds of the equivalent amount in Euro in respect to the unallocated Shares will be paid by latest 14 February 2019.

Shares are expected to be admitted to listing on the Official List of the Malta Stock Exchange on 15 February 2019, whereas trading is expected to commence as from 18 February 2019.

The Board of Directors of the Offeror and of the Company would like to thank the Financial Intermediaries and all the investing public for their remarkable support shown towards this Offer of Shares and for the confidence expressed in the Company.