Initial Public Offering of 11,550,000 Shares in M&Z plc – Local Equity Offer

M&Z p.l.c. (the “Company” or the “Issuer”) has announced the offer of 11,550,000 shares, having a nominal value of €0.125 per share at an offer price of €0.72 (the “Share Offer”), and the admission to listing 44,000,000 shares each having a nominal value of €0.125 per share on the Official List of the Malta Stock Exchange. 

The prospectus of the Issuer dated 25 January 2022 (the “Prospectus”) outlines a dividend distribution policy of 75% of net profits in 2022, 65% in 2023, and 50% going forward. The Share Offer is open to all categories of investors.

A copy of the prospectus is available here. 

Business Overview: 
 
Tracing the origins of the Company back to the 1920’s, the Company is responsible for the importation, marketing, and distribution of a vast array of renowned fast moving consumer goods (“FMCG”), and operates within the ambient, chilled, frozen, fresh, ice-cream, baby and kids, and home and personal care segments. 

The principal activities of the Company are the importation, marketing, and distribution of a vast range of FMCG products consisting of widely known heritage brands. The Company works with, represents and has been granted the distribution rights of various international brands from numerous suppliers, manufacturers and distributors sourced globally from the European Union, the United Kingdom, the Far East, and Malta. 

The Company is active within seven key product categories consisting of: food products namely ambient, chilled, frozen, ice-cream, fresh, kids’ and personal care products. The Company’s brand portfolio consists of 98 brands and over 2,400 different stock keeping units distributed through a multi-channel approach. The majority of the brands the Company represents are established household staples in their respective product categories. 

Use of proceeds: 

At an extraordinary general meeting of M&Z Group Limited (one of the Selling Shareholders, as defined in the Prospectus) held on 5 November 2021, and at a board meeting held on 5 November 2021, the shareholders, and Directors, respectively, of M&Z Group Limited approved the Share Offer (i.e., the offer to the public of 9,240,000 Sale Shares in the Company held by M&Z Group Limited at the Offer Price). 

Mr Thomas Agius-Vadala’, Mr John Agius Vadala’ and Ms Christine Peralta (all Selling Shareholders) shall offer 866,250 Sale Shares, 866,250 Sale Shares and 577,500 Sale Shares, respectively, all at the Offer Price. 

The Share Offer represents partial realisation of the Selling Shareholders’ investment in the Company, equivalent to a disposal of 26.25% of the Shares held by them. 

The Selling Shareholders are, pursuant to this Prospectus, offering for sale 11,550,000 Sale Shares at the Offer Price, which has been fixed by the Selling Shareholders at €0.72 per Sale Share. 
 
 
How to buy this Share: 

Orders are now being accepted 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 application amount is 2,500 Shares, and 250 Shares multiples thereafter. 
 
This issue is also available on our CCTrader platform by selecting the instrument M&Z plc IPO.  
 
All orders must be submitted by not later than the 18^th of February 2022 at 14:00 (closing date). 
 
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. 
 
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The value of the investment can down as well as up and past performance is not necessarily indicative of future performance. 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 of the Issuer and make an investment on the basis of the Prospectus, including the Risk Factors contained therein. Prospective investors making an execution-only investment 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.