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COMPANY ANNOUNCEMENT: Regulatory Approval – Bonus Share Issue 6/1/2022

The following is a Company Announcement issued by Simonds Farsons Cisk p.l.c. (the “Company”) pursuant to Chapter 5 of the Capital Market Rules as issued by the MFSA in accordance with the provisions of the Financial Markets Act (Chapter 345 of the Laws of Malta) as they may be amended from time to time.

Bonus Share Issue

In terms of a Company Announcement issued by the Company on 25th May 2022, the Board of Directors of the Company resolved to recommend for the approval of the Annual General Meeting the capitalisation of €1.8 million from the Company’s Retained Tax Exempt Earnings for the purpose of issuing up to 6 million fully paid-up ordinary shares of a nominal value of €0.30 per share, representing one (1) bonus share for every five (5) shares held. The bonus shares will be allotted to the members of the Company appearing on the Register of Members as at close of trading on the Malta Stock Exchange on Friday, 3rd June 2022.

The Board of Directors is pleased to announce that on the 31st of May 2022, the Malta Financial Services Authority has approved the application for Admissibility to Listing of 6,000,000 Ordinary Shares of nominal value of €0.30 per share as well as the proposed changes to the Memorandum and Articles of Association.

A Company Announcement will be issued on the Regulated Market by the Company at a later date detailing the date of allotment and issue as well as the dates on which the shares are expected to be admitted to listing and on which dealings are expected to commence.

By order of the Board,

Antoinette Caruana
Company Secretary