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AST Group p.l.c.

AST Group p.l.c. announced the issuance of €8,500,000 6.25% Secured Bonds maturing in 2033, having a nominal value of €100 per bond issued and redeemable at par. 

In December 2013, Damask Investment Limited, a company registered in Malta with company registration number C 63147, commenced trading in roasted guar meal korma and fish meal from Malta. In the following months, Damask Investment Limited expanded its operations, both in terms of animal feed products traded as well as locations. 

Over the years, the Group introduced other animal feed products to its product range and now trades in roasted guar meal korma, fish meal, Distiller’s dried grains with soluble (“DDGS”) and HiPro Sunflower meal, corn, soya meal, feed wheat and barley. Hence, the animal feed products are sourced from suppliers based in India, Morocco, South Africa, Bulgaria, Ukraine, Moldova, Hungary, Slovakia, Serbia and Romania which products are then exported to customers in Greece, Spain, France, Cyprus, Malta, Turkey and Dubai. The Group has working relationships with its suppliers and customers spanning several years. 

The Group acquired a vessel in 2018 to carry its own cargo, time-chartered various vessels from third parties, or chartered third-party vessels for a specific voyage, to continue growing its fleet whilst expanding its animal feed operations and complementing both business lines given that the vessels provide security of supply to the Group’s animal feed customers. 

More info about this bond issue on this link.