JD Capital p.l.c. (the “Issuer” or “Company”) has announced the issuance of a €25,000,000 secured bond issuance programme, approved by the Malta Financial Services Authority on the 3rd of October 2022, with an issuance of an initial tranche of €14,000,000 4.85% Secured Bonds 2032 (the “New Bonds”).
If you wish to apply for these bonds, see the information at the bottom of this article or contact us on 25 688 888.
Background:
BUSINESS OVERVIEW:
The Dimech family has been in the business of aluminium, steel, and stainless steel works for the past 40 years, having established the business in 1979. In 2004, Mr Josef Dimech took over the business and established JSDimech Limited.
Given the volume of the operational activities of JD Operations Limited, as well as the pipeline of committed and expected projects at the time, JD Capital p.l.c. was established for the purpose of issuing €5,000,000 worth of bonds on the Prospects MTF of the Malta Stock Exchange (the “Prospects Bonds”). These bonds were admitted to the Prospects MTF on 16th May 2018.
USE OF PROCEEDS:
The net proceeds from the New Bonds (which, excluding the €5,000,000 reserved for allocation to holders of the Prospects Bonds, pursuant to the Prospects Bond Exchange Offer as defined in the base prospectus dated 3rd October 2022 issued by the Company (the “Base Prospectus”), are expected to amount to €8,600,000) will be used for the following purposes:
(i) the amount of €5,000,000 will be loaned by the Issuer to JD Operations Limited, pursuant to a loan for the purpose of financing phase 1 of the redevelopment of the Hal Far factory, as further described in section 6.2.5 of the Base Prospectus; and
(ii) the remaining balance of €3,600,000 will be used by the Issuer for general corporate funding.
Full details on the secured bond issuance programme are set out in the Base Prospectus and the final terms relative to the first tranche of the New Bonds dated 3rd October 2022 (the “Final Terms”). The New Bonds are redeemable at par on 25th November 2032 and offer an interest rate of 4.85% per annum, as set out in the Final Terms.
HOW TO APPLY:
Orders will be accepted from 6th October 2022 and can be submitted online via our Moneybase Invest application or through an appointment with our Financial Advisors at one of our four branches (Mosta, Sliema, Birkirkara and Fgura).
Moneybase Invest holders of the existing bond listed on the Prospects MTF do not need to raise an order for the amount currently held as these will be, subject to receipt of the required approval at the forthcoming EGM, automatically converted into the new bond. To subscribe for any additional amount in the new bond, kindly raise an order on the instrument: 4.85% JD Capital plc 2032 - Existing Top Up.
New subscribers can apply through one of our branches or by raising an order on the 4.85% JD Capital plc 2032 - New Bondholder on our Moneybase Invest platform. The minimum application amount is €2,000 and in multiples of €100 thereafter.
All orders are subject to the acceptance of the Prospects Bond Exchange Offer, as defined in the Base Prospectus and explained further in the company announcement found here.
The offer may close at an earlier date without prior notice as a result of over-subscription.
Non-nominee applications will be subject to a €25 fee.
The value of the investment can go down as well as up and past performance is not necessarily indicative of future performance. Investing in bonds of the Issuer may result in a loss of some or all of the capital invested. This communication is for information purposes and does not constitute an invitation or recommendation.
The bonds may not be suitable for all investors and prospective investors are urged to consult their Financial Advisor prior to investing in bonds of the Issuer and to read the Base Prospectus, including the Risk Factors contained therein, and the Final Terms, available from www.cc.com.mt or www.jsdimech.com/investor-relations/. Prospective investors are advised that CCIS is not required to undertake an appropriateness assessment and investors do not benefit from the corresponding protection afforded under the Conduct of Business rules.
This advert has been approved for issue by Calamatta Cuschieri Investment Services Limited, licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap 386. CCIS, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta.
Moneybase Investment Services are brought to you by Calamatta Cuschieri Investment Services Ltd (CCIS) C13729 and is licensed by the MFSA to undertake investment services business under the Investment Services Act, Cap 370. Moneybase Invest offers direct market access and speed of execution and is intended for knowledgeable and experienced individuals taking their own investment decisions. MB and CCIS are both subsidiaries of the CC Finance Group plc with their registered address situated at Level 0, Ewropa Business Centre, Dun Karm Street, Birkirkara, BKR 9034, Malta.
