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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Camper & Nic. | LSE:CNMI | London | Ordinary Share | GG00B1FCZR96 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.00 | 6.00 | 10.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCNMI
RNS Number : 5111I
Camper & Nicholsons Marina Inv Ltd
20 June 2017
Camper & Nicholsons Marina Investments Limited
("CNMI"or the "Company")
CNMI's Maltese subsidiary Grand Harbour Marina PLC announces proposed issue of new bonds and redemption of existing bonds
CNMI advises that Grand Harbour Marina plc ("GHM"), in which CNMI owns 79.2% of the equity, has made the following announcement:
"GHM hereby announces that it has submitted an application to the Listing Authority of the Malta Financial Services Authority (the "Listing Authority") requesting the admissibility to listing of EUR15,000,000 Unsecured Bonds redeemable in 2027 (the "New Bonds"). Application has also been made for the New Bonds to be listed on the Malta Stock Exchange.
Furthermore, GHM announces that the Board of Directors has resolved to redeem all the outstanding 7% Grand Harbour Marina p.l.c. 2017-2020 bonds (ISIN: MT0000321217) (the "Existing Bonds") in full on 22 August 2017, which Existing Bonds were issued by GHM pursuant to a prospectus dated 25 January 2010 (the "Prospectus").
The redemption of the Existing Bonds is being made in accordance with the provisions of the Prospectus which enables GHM to redeem the Existing Bonds on any date falling between and including 25 February 2017 and 25 February 2020, on giving at least sixty (60) days' notice in writing to the bondholders, which notice of redemption has been issued.
Redemption of the Existing Bonds at their nominal value together with interest accrued up to and including 21 August 2017 shall be made on the basis of the respective registers at the Central Securities Depositary of the Malta Stock Exchange as at close of business on the 23 June 2017 (the "Record Date"), which includes trading up to 21 June 2017. Trading in the Existing Bonds shall be suspended as from the 22 June 2017.
Subject to regulatory approval, the intention of GHM is that a fixed amount of the New Bonds is reserved to holders of the Existing Bonds as at Record Date who will be granted the opportunity to surrender and cancel all or part of their Existing Bonds in exchange for New Bonds. GHM also intends to reserve a fixed amount of the New Bonds for the shareholders of GHM holding shares as at Record Date. Further information on the New Bonds will be available after the attainment of the necessary approvals by the Listing Authority."
The initial announcement regarding the 7% Grand Harbour Marina p.l.c. 2017-2020 bonds was made by GHM on 20 January 2010.
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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(END) Dow Jones Newswires
June 20, 2017 02:00 ET (06:00 GMT)
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