CareMalta Finance allotment policy

CareMalta Finance p.l.c. has announced an allotment policy after it met a strong demand for its CareMalta Bonds issue.

In fact, a total value in excess of Lm4.2 million worth of bonds was received and as a result the bond issue was closed on the first day of opening for subscription lists.

CareMalta Finance p.l.c. said that with a view to ensuring the widest possible distribution of the bonds, it has decided to adopt the following allocation policy:

Applications submitted under the Employee/Resident Offering will be met in full.

Applications received from the public after opening of subscription lists will be allotted according to the following allocation policy:-

Applications for bonds with a nominal value up to and including Lm8,000 will be met in full.

Applications for bonds with a nominal value in excess of Lm8,000 and up to Lm150,000 will be met as follows:

The first Lm8,000 from the amount applied for will be met in full, whilst 30 per cent of the remaining portion will be allotted.

Applications for bonds with a nominal value in excess of Lm150,000 will be met as follows:

The first Lm8,000 from the amount applied for will be met in full, whilst 25 per cent of the remaining portion will be allotted.

All allotments will be rounded down to the nearest Lm100.

Allotment letters and refunds of unallocated monies (where applicable) will be mailed in due course.

Interest on the bonds commenced yesterday.

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