New Share and Bond Issue – AX Real Estate plc

AX Real Estate plc – Combined Bond and Share Offer

We are pleased to inform you that AX Real Estate plc announced the issuance of 33,333,333 shares at the offer price of €0.60 per share and €40,000,000 unsecured bonds with a nominal value of €100 per bond issued at par and redeemable in 2032. The unsecured bonds bear interest at the rate of 3.50% per annum on the nominal value of the bonds.

The combined bonds and share offer will be open for subscription by:

  1. Preferred Applicants (AX Group plc bondholders, AX Investments plc bondholders and AX Group plc employees)
  2. The General Public

Investors are required to apply for a combination of shares and bonds in order to be considered for any allocation of bonds, unless an application solely for bonds is submitted for a minimum of €250,000.

Investors who would like to apply for the shares only are not required to purchase bonds.

The bond offer will open on the 10th January 2022 and will close on the 31st January 2022 or earlier as may be determined by the company.

Jesmond Mizzi Financial Advisors Ltd (JMFA) is participating in this issue as one of the authorised financial intermediaries and is currently accepting applications for this combined offer. The minimum subscription amount for each application in the public offer has been set at €5,000 with multiples of €100 thereafter and €5,000 worth of shares for existing Jesmond Mizzi Financial Advisors Ltd clients.

AX Real Estate plc will be sending pre-printed applications to the respective AX Group plc bondholders, AX Investments plc bondholders and AX Group plc employees. In case of nominee security holders, application will be made available by JMFA on request. We will be very pleased to process the application on your behalf and therefore, ask you to contact your investment advisor who will be happy to assist you in any queries you may have. Prospective clients should refer to the Prospectus dated 6th December 2021, which may be obtained from our offices in hard copy, electronically by e-mail on request or by viewing our website

You may contact us on freephone number 8007 2206 or speak to our Investment Advisors at one of our branches in Hamrun, Birkirkara or Ta’ Xbiex (by appointment).

Click here to download the prospectus.

This information is not intended to constitute an offer or agreement to buy or sell investments. The investment referred to in this document may not be suitable or appropriate for every investor. No liability is accepted whatsoever for any loss howsoever arising from any information in this document.  The value of investments can go down as well as up. Investors may get back less than their initial investment and past performance is no guarantee of future performance. Jesmond Mizzi Financial Advisors Limited or any connected company, their clients, officers and employees may have a position or engage in transactions in the share issue.