AX Real Estate plc (“the Issuer”) has announced the issuance of 33,333,333 Ordinary ‘A’ shares, each having an issue price of €0.60 per share as well as €40,000,000 3.5% Unsecured Bonds 2032, having a nominal value of €100 per bond which shall be issued at par. 

Applications submitted for the share offer which is equal to or exceeds 200,000 shall be eligible for a 10% discount, resulting in a price of €0.54 per Share Offer. 
With the aim to raise approximately €50 million from the Share Offer, the company is expected to distribute a projected net dividend of 4%* in the first two years and a projected higher dividend distribution following that period depending amongst others on the profit of the year, financial and investment commitments including the redevelopment of the AX Seashells Resort at Suncrest and the Verdala Hotel in Rabat to be completed by the end of 2023.  
A copy of the Prospectus is available here
Business Overview: 
AX Real Estate serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties which it lets to subsidiaries and independent third parties. More specifically, the company’s portfolio includes nine warehouses, an office block at Hardrocks Industrial Park, as well as an office block at Falcon House. On the other hand, its subsidiaries own a range of properties and developments, such as the Suncrest Hotels, the Royal Hotels, St. John’s Boutique Hotel and Palazzo Merkanti Leisure, as well as Central Leisure Developments, Simblija Developments, Heritage Developments and Skyline Developments.  
How to apply for this offering 
Orders by preferred applicants and the general public will be accepted from the 10th of January 2022 and can be submitted through one of our Financial Advisors in one of the following branches B’kara, Mosta, Sliema, and Fgura.  
This issue will be available on our CCTrader platform when the issue is available to the public. 
Kindly note that the minimum subscription amount for the bonds is €2000 and of €100 bonds thereafter, while the minimum subscription amount for the ordinary ‘A’ shares is that of 5,000 shares, equivalent to €3000 and in multiples of 100 offer shares thereafter.  
Investment in bonds must be also accompanied by an investment in the Issuer’s shares unless the bond investment is for a minimum of €250,000. Preferred Applicants who are holders of 6% Unsecured Bonds AX Investments Plc 2024, 3.25% Unsecured Bonds AX Group Plc 2026 Series I and 3.75% Unsecured Bonds AX Group plc 2029 Series II as at 17 December 2021, as well as employees of the AX Group as at 31st October 2021, will have preference in the Issuer’s Allocation Policy. 

All orders must be submitted by not later than the 28th of January 2022 at 16:00 (closing date), however, kindly be informed that the offering may close earlier if oversubscribed. 
The proceeds from the combined offering will be primarily used to finance the Group’s various projects, namely the extension of the AX Seashells Seashells Resort at Suncrest and the development of the Verdala Project, to refinance prior debt, as well as for general corporate funding purposes of the Estate Group.      
Should you require more information, including personalised financial advice you may reply to this email, call us on +356 25 688 688 or contact us via our live chat.
If you prefer you can also choose to visit one of our branches at your convenience or avail yourself of our new video call service. Kindly mention this channel when setting your appointment. 

* The forecasted 4% minimum net dividend yield for 2022 and 2023 and any dividend yields forecasted thereafter as per the Issuer’s Dividend Policy in is only an estimated amount based on financial forecasts, and may not be a reliable indicator of dividend distributions based on the future financial position and performance of the company.  Dividend payments may vary and are not guaranteed. 
The value of the investment can down as well as up and past performance is not necessarily indicative of future performance. Investment in Bonds of the Issuer must be accompanied by an Investment in Shares of the Issuer unless such Bond investment is for a minimum of €250,000. Investing in Shares of the Issuer may result in a loss of some or all of the capital invested. Prospective investors are urged to consult their Financial Advisor prior to investing in Shares and Bonds of the Issuer. Investments should be based on the details of the Prospectus, including the risk factors contained therein. Prospective Investors making an Execution Only investments 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, which is 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.