Camper & Nicholsons Marina Inv Ltd Grand Harbour Marina plc Bond-Basis of Acceptance (0783O)
16 August 2017 - 12:45AM
UK Regulatory
TIDMCNMI
RNS Number : 0783O
Camper & Nicholsons Marina Inv Ltd
15 August 2017
Camper & Nicholsons Marina Investments Limited
("CNMI"or the "Company")
CNMI's Maltese subsidiary Grand Harbour Marina PLC announces
basis of acceptance for new bonds
CNMI advises that Grand Harbour Marina plc ("GHM"), in which
CNMI owns 79.2% of the equity, has made the following
announcement:
"GHM is pleased to announce the basis of acceptance for the
EUR15,000,000 Grand Harbour Marina p.l.c. 4.50% Unsecured Bonds
2027 (the "Bonds").
In terms of the Prospectus dated 26 June 2017 (the
"Prospectus"), the Bonds were available for subscription by holders
of the 7% Grand Harbour Marina p.l.c. 2017-2020 bonds (ISIN:
MT0000321217) (the "Redemption Bondholders"), by holders of shares
in GHM (the "Existing Shareholders") and Selected Authorised
Financial Intermediaries through an Intermediaries' Offer.
GHM received a total of 1,285 applications for an aggregate
value of EUR15,832,300, which were allocated as follows:
Redemption Bondholders
Applications for an aggregate value of EUR8,869,200 were
received for the EUR11,000,000 Bonds reserved for the Redemption
Bondholders. In accordance with the terms of the Prospectus, the
balance of the Bonds not subscribed to by the Redemption
Bondholders equal to EUR2,130,800 (the "Balance") was reserved for
subscription by Selected Authorised Financial Intermediaries
through an Intermediaries' Offer.
Existing Shareholders
Applications for an aggregate value of EUR2,832,300 were
received for the EUR2,000,000 Bonds reserved for the Existing
Shareholders. Each application received from Existing Shareholders
was allocated the first EUR20,000 in full and 21.78% on the
remaining balance rounded to the nearest EUR100. The remaining
amount of EUR832,300 remained unallocated. Refunds of unallocated
monies will be made by 22 August 2017.
Authorised Financial Intermediaries
The Selected Authorised Financial Intermediaries were allocated
the remaining EUR2,000,000 reserved for them and the Balance of the
Bonds not subscribed to by the Redemption Bondholders.
Interest on the Bonds will commence on 22 August 2017.
The Bonds are expected to be admitted to listing on the Official
List of the Malta Stock Exchange on 22 August 2017 and trading is
expected to commence on 23 August 2017."
For further information contact:
Camper & Nicholsons Marina
Investments Limited
Sir Christopher Lewinton Tel: +44 (0)1481
/ Clive Whiley 711144
finnCap Ltd
Christopher Raggett / Emily Tel: +44 (0)20
Watts 7220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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