Rights Issue of

4 new ordinary shares for every 9 existing shares

at an offer price of €0.50 each

 

The board of directors of Malita Investments plc has announced the issuance of a rights offer. This offer comprises a total of 65,825,806 new ordinary shares, each with a nominal value of €0.50 per share and at an offer price of €0.50 per share.

Each existing shareholder appearing on the register of members as at February 20, 2024, is being given the right to purchase four new ordinary shares for every nine ordinary shares held. The right to exercise this option will be available from February 28, 2024, until March 15, 2024.

Any remaining balance up to 20,846,827 excess shares shall be allocated to institutional investors via placement agreements. The remaining excess shares, over and above 20,846,827, shall be allocated to i) eligible shareholders who have accepted their proportionate entitlement in full and applied for excess shares during the offer period, and ii) applicants applying for excess shares through Authorised Financial Intermediaries (AFIs) during the offer period.

Jesmond Mizzi Financial Advisors Ltd is participating in this issue as one of the AFIs and will be accepting applications for the rights issue.

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. A fee of €25 applies for direct applications.

Prospective clients should refer to the Prospectus dated February 14, 2024, which may be obtained from our offices in hard copy free of charge, electronically by e-mail on request, or by clicking the download button below. 

 

DOWNLOAD INVESTOR PRESENTATION                                     DOWNLOAD PROSPECTUS

 

Issuer	Malita Investments plc
Issue Type	Ordinary Shares – Rights Issue
Issue Size	65,825,806 Ordinary Shares
Share Issue Price	4 new ordinary shares for every 9 ordinary shares held at €0.50 per new ordinary share.
Offer Period	February 28, 2024 – March 15, 2024
Expected Date of Commencement of Trading	April 2, 2024

 

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). We will be pleased to answer any queries you may have on this issue.

 

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. Jesmond Mizzi Financial Advisors Limited is licensed to conduct investment services by the MFSA under the investment services act, and is a Member Firm of the Malta Stock Exchange.