Camper & Nicholsons Marina Inv Ltd Grand Harbour Marina plc Bond-Basis of Acceptance (0783O)

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: [phone] 
  / 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

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August 15, 2017 10:45 ET (14:45 GMT)