3.7% Secured Bonds 2023 – GAP Group plc

GAP Group plc (“the Issuer”) has announced the issuance of €21,000,000 3.7% Secured Bond 2023 – 2025, having a nominal value of €100 per Bond which shall be issued at par.

Business Overview:

The GAP Group is involved in the acquisition and development of real estate properties. Following the success achieved in other development projects, including developments in Għargħur, Qawra, Luqa and Mellieħa, the Issuer is in the process of acquiring and subsequently developing new properties in Qawra and Mosta.

Use of proceeds:

• Approximately €15.7 million of the net proceeds from the Series I Bonds shall be used to finance the acquisition of the Qawra Site and the Mosta Site.
• The balance of the net proceeds from the Series I Bonds shall be used to settle €1 million in capital creditor balances and €3.8 million in excavation and development costs to be incurred for the financial year ending 31 December 2021.

How to buy this bond:

• Existing GAP Holders: Orders will be accepted from 25th November 2020
• Newly interested customers: Orders will be accepted from the 30th November 2020

Orders can be submitted through one of our Financial Advisors in one of the following branches in Mosta, Sliema, B’kara, Qormi, and Fgura. The minimum subscription is of €2,000.

This issue is also available on our CCTrader platform for new and existing GAP bond holders:

Existing GAP Bond Holders
Via the instrument 3.7% GAP Group PLC 2023-202 - Form A - All orders for existing GAP holders must include the completed Form A which you will receive by mail.

New Customers
Via the instrument 3.7% GAP Group PLC 2023-2025 - Form B

A copy of the registration document is available here, summary document here and securities note here

All orders must be submitted by not later than the 15th December 2020 at 16:00 (Closing date) however kindly be informed that the offering may close earlier if oversubscribed.

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 or email. 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.

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The Value of the Investments may increase as well as decrease. Past performance is not an indication of future performance. Prospective Investors are urged to read the Prospectus especially the sections entitled "Risk Factors" contained within the same document. Calamatta Cuschieri Investment Services (CCIS) Ltd is Licensed under the Investment Services Act by the Malta Financial Services Authority. Content issued by CCIS.

An investment in the Issuer and the Bonds may not be suitable for all recipients of this document and prospective investors are urged to consult an authorised investment advisor, licensed under the Investment Services Act (Chapter 370 of the Laws of Malta) as to the suitability or otherwise of an investment in the Bonds before making an investment decision.