We would like to bring to your attention the following notification about a new bond issue by MeDirect Bank (Malta) plc. If you wish to apply for these bonds you may visit one of our branches in Malta or Gozo (located at Tignè Point Sliema, Mosta, Paola and Victoria).  For more information, you can also contact our Customer Service Team on +356 2557 4400 or send an email to customerservice@medirect.com.mt.

This is a formal notice issued in terms of Article 99 of the Companies Act (Chapter 386 of the laws of Malta) and Listing Rule 4.48 of the Listing Rules issued by the Listing Authority. Notice is hereby given that MeDirect Bank (Malta) plc has sought authorisation for the listing of 4%  subordinated unsecured bonds with a principal aggregate amount equivalent to €35 million, redeemable between the years 2024  and 2029, of a nominal of €100 and £100 per EUR Bond and GBP Bond respectively (the “Bonds”) on the official list of the Malta Stock Exchange. The Bonds will be issued at par in two series denominated in euro (the “EUR Bonds”) and pounds sterling (the “GBP Bonds”).

The Bonds are available for subscription by:

1. The holders of the €25 million 6% MeDirect subordinated Bonds 2019 – 2024 having ISIN number MT0000551268 (EUR bonds) and MT0000551276 (GBP bonds) (“6% MeDirect Bonds”) as at the 11^th of October 2019, by subscribing for Bonds: (a) by surrendering all or part of their 6% MeDirect Bonds in favour of MeDirect Bank in exchange for the allocation of Bonds; and/or (b) by applying for Bonds exceeding in value the aggregate nominal value of 6% MeDirect Bonds held by the relevant Bondholder on the 11^th October 2019 and surrendered as aforesaid; and
2. the public by way of an intermediaries offer.

A prospectus dated 7th October 2019 has been issued and filed with the Registrar of Companies (the “Bond Prospectus”). The allocation of Bonds is subject to the allocation policy of MeDirect Bank and set out in Section 10 of the Securities Note forming part of the Bond Prospectus. The Bond Prospectus may be downloaded from our website www.medirect.com.mt. Copies of the Bond Prospectus can also be obtained during office hours as from 14^th October 2019 from MeDirect Bank branches and the authorised financial intermediaries.

The Bonds are expected to be admitted to the official list of the Malta Stock Exchange on 5^th November 2019. Trading in the EUR Bonds and the GBP Bonds shall take place on the Malta Stock Exchange in multiples of €1,000 and £1,000 respectively, subject to the retention of a minimum holding of €25,000 or £20,000, as applicable, by each individual holder of the EUR Bonds or the GBP Bonds.

The Bonds are unsecured and subordinated. Subordination means that the rights and claims of Bondholders in respect of the payment of capital and interest on the Bonds will, in the event of dissolution and winding up of the Issuer, rank after the claims of all unsubordinated debt and will not be repaid until all other unsubordinated debt outstanding at the time has been settled. The value of investments can rise or fall, and past performance is not necessarily indicative of future performance. Prospective investors are urged to consult an independent financial adviser prior to investing in the Bonds.

The information set forth in this article is only for informative purposes and should not be construed as an offer to sell or solicitation of an offer to subscribe for or purchase any investment. The information provided is subject to change without notice and does not constitute investment advice or any guarantee of returns. Please consider the terms and conditions governing the relevant investment prior to making any investment decision. Investors should note that at worst they may lose all of their invested principal in the event of default, insolvency and/or bankruptcy of the relevant issue. The financial instruments discussed may not be suitable for all investors and investors must make their own informed decisions and seek their own advice regarding the appropriateness of investing in financial instruments or implementing strategies discussed herein. 

The value of the investment and/or income may go up as well as down and past performance is no guarantee of any future performance. When an investment is denominated in a currency other than your local or reporting currency, changes in exchange rates may have an adverse effect on your investment.

MeDirect Bank (Malta) plc is included in the list of Authorised Financial Intermediaries and therefore is authorised to sell its own Bonds to prospective investors. As the issuer MeDirect Bank (Malta) plc has a direct interest in the offering of such Bond. MeDirect Bank (Malta) plc acting in the capacity of Authorised Financial Intermediary as aforesaid, may, on an “execution-only” basis, effect transactions in respect of the Bonds for the account of its customers. Prior to executing any such transactions, MeDirect Bank (Malta) plc shall carry out an Appropriateness Test in respect of each prospective investor in the Bonds and shall not accept the prospective investor’s Application unless, based on the results of such test, it is satisfied that an investment in the Bonds may be considered appropriate for such prospective investor.

MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority under the Banking Act (Cap. 371) and the Investment Services Act (Cap. 370). This material is intended only for the use of the recipient and shall not be reproduced in any way, whether in whole or in part, by the recipient. Any unauthorised disclosure, use or dissemination, either in whole or in part, of the material contained within is strictly prohibited.