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GAP Group plc (“the Issuer”) has announced the issuance of €21,000,000 3.9% Secured Bond 2024 – 2026, having a nominal value of €100 per Bond which shall be issued at par. A copy of the Registration document is available here, while the Securities Notes can be viewed here.
This offer is available to existing bond holders of the 4.25% Secured Bonds 2023. Business Overview: The GAP Group is involved in the acquisition and development of real estate properties. Established in June 2016, it embarked on a number of developments located in several Maltese localities, including Zebbug, Qawra, Luqa, Għargħur and Mellieħa, while it currently has a number of completed, as well as ongoing projects. Following the success achieved in the aforementioned development projects, GAP Group is in the process of acquiring and developing through its subsidiary GGCL new properties in both Qawra and Mosta. How to buy this bond Orders will be accepted from the 30th of December 2021 and can be submitted through one of our Financial Advisors in one of the following branches in Mosta, Sliema, B’kara, and Fgura. The minimum subscription is of €2,000. This issue is also available on our CCTrader platform.
Kindly follow the instructions below:
All orders must be submitted by not later than the 5th of January 2022 at 16:00 (closing date) however kindly be informed that the offering may close earlier if oversubscribed. The proceeds from the Bond issue will be primarily used to finance the Group’s various projects, namely the acquisition of the Qawra and Mosta sites, for excavation and development purposes and to refinance prior debt. 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 on www.cc.com.mt. 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 Bonds are secured by collateral for the full nominal value of the principal and interest by way of general hypothecs (of different ranking) over the present and future property of the Issuer, GAP QM Ltd (GQM) and GAP Qawra Ltd (GQL) and special ranking-hypothecs by GQM and GQL over specified properties. Furthermore, GQM and GQL (the Guarantors) have provided corporate guarantees in favour of the Security Trustee to guarantee the punctual performance of the Issuer’s payment obligations as fully described in the Prospectus under 6.2 Ranking of the Secured Bonds and the Collateral. Prospective Investors are urged to consider the Risks relating to the Guarantors and the Collateral included in the Prospectus.
The value of the investment can down as well as up and past performance is not necessarily indicative of future performance. Prospective investors wishing to subscribe for Bonds of the Issuer should do so on the basis of the Prospectus, including the Risk factors contained therein. An investment in the Bonds of the Issuer may not be suitable for all investors and prospective investors are urged to consult their Financial Advisor so as to ensure the suitability or appropriateness of investing in the Bonds.
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.
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Calamatta Cuschieri Investment Services Ltd is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act.
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