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CORPORATE ANNOUNCEMENT: Approval of new bond issue 7/31/2017

The following is a Company Announcement by Simonds Farsons Cisk p.l.c. pursuant to Listing Rule 5.16.12 of the Malta Financial Services Authority Listing Rules

• Approval of New Bond Issue



The Board of Directors of Simonds Farsons Cisk plc (“SFC” or the “Company”) has approved the following company announcement.

Following regulatory approval received on 31 July 2017, the Company announces that it will be issuing €20,000,000 3.5% Simonds Farsons Cisk plc Unsecured Bonds 2027 (the “New SFC Bonds”) with a nominal value of €100 per Bond, issued at par.

As already announced on 19 July 2017, the Company will be redeeming the €15,000,000 6% Simonds Farsons Cisk plc Bonds 2017-2020 (MT0000071226) (the “Existing SFC Bonds”) on 13 September 2017 in accordance with the terms of the prospectus dated 10 May 2010.

The Company will be granting holders of the Existing SFC Bonds as at 01 August 2017 (that is, up to and including trading activity on 28 July 2017 – (the “Cut-Off Date”) preference to subscribe for New SFC Bonds subject to a minimum amount of €2,000, by surrendering the corresponding nominal value of the Existing SFC Bonds. Subject to availability, holders of Existing SFC Bonds will also have the opportunity to subscribe for New SFC Bonds in excess of their holding of Existing SFC Bonds. Should there be any balance left, this will be offered through an Intermediaries’ Offer.

In the case where holders of Existing SFC Bonds, as at Cut-off Date, do not wish to exchange their investment, or wish to exchange only part of their investment for the New SFC Bonds, they will receive, as the case may be, either the principal sum or the remaining balance of the principal of their holding on 13 September 2017. Interest due on the Existing SFC Bonds will be paid on the 13 September 2017.

Full details of the New SFC Bonds will be provided in a Prospectus dated 31 July 2017 which will be made available on the Company’s website www.farsons.com/en/bonds as from 2 August 2017 and at Authorised Financial Intermediaries as from 9 August 2017.


Antoinette Caruana
Company Secretary