The Melita Capital plc 7.15 per cent bonds 2014 – 2016 will be redeemed in full on September 30, the company said.

The bond was successfully issued and oversubscribed in 2009 and raised funds aimed at further growth in mobile services and broadband infrastructure for the Melita Group. All bondholders on the official register as at August 26 are being informed about the bond redemption and final interest payment.

As part of the refinancing process the Melita Group is consolidating and simplifying its corporate structure. Melita Mobile Ltd, Melita Infrastructure Ltd and Melita plc are now consolidated into one entity – Melita plc.

The simpler structure will enable the group achieve a more financially agile and operationally efficient organisation and position the group to continue with its execution of an ambitious growth strategy.

Bondholders appearing on the register of bondholders as at close of business on September 15 will be receiving payment of the nominal value of the bonds held, together with interest accruing until September 30, by means of direct credit to the bank account details of which are held by the company. The last day of trading in the bonds shall be September 10.

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