Tumas Investments announces bonds allotment policy

Tumas Investments plc received 3429 applications for €37.15 million, well over its €20 million 6.25% Bond 2014-16 which closed immediately after it opened on July 3 and which was increased to €25 million.

2,782 public applications were allotted as follows:

* Applications up to €3500 or 38% of applications were allotted in full.

* Applications for amounts between €3,600 and €100,000 had their first €3,500 accepted in full and were then allotted 12% of the remaining balance.

*Applications between €100,100 and €500,000 had the first €5,000 accepted in full and were then allotted 10% of the remaining balance.

*Applications over €500,000 had their first €5,000 accepted in full and were then allotted 7.35% of the remaining balance.

Interest on the bonds commenced today while despatch of allotment advices and refunds of unallocated monies will be made by today week.

The bonds are expected to be listed on the official list of the Malta Stock Exchange, at the latest on July 22, with trading to commence the following day.