Malita Investments p.l.c. is pleased to announce the basis of acceptance for the issue of 30 million ordinary B shares of €0.50 each, which were open for subscription by the general public and institutional investors between Monday 23 July 2012 and Friday 27 July 2012. As the share issue was over-subscribed, the Company decided to close the issue on Thursday 26 July 2012, as announced in the media on the same day.
The Company received 1,239 applications for the Share Issue for a total of 30.97 million shares. As a result of the surplus demand, the Company had to scale down a number of applications for a total of 971,000 shares that had been applied for in excess of the maximum amount of shares being issued.
In establishing the allocation policy, the Company has decided to satisfy applications up to 1 million shares in full. Applications over this amount have been allocated 88.16% of the original amounts applied for, rounded down to the nearest 100 shares. As a result, 99.6% of all applications have been satisfied in full.
Refunds of unallocated monies will be made by Friday 3 August 2012. The company will be dispatching allotment advices to all applicants by Wednesday 8 August 2012. The Shares are expected to be admitted to listing on the Official List of the Malta Stock Exchange on Tuesday 7 August 2012, and trading in the shares is expected to commence on Monday 13 August 2012.