PG P.L.C. COMPANY ANNOUNCEMENT
The following is a company announcement issued by PG p.l.c. (C-78333) in terms of Capital Markets Rule 5.142A of the MFSA.
Date of Announcement: | 12 April 2023 |
Ref.: | 071/2023 |
Announcement in terms of Capital Markets Rule 5.142A
QUOTE
PG p.l.c. (the "Company") announces that today, its fully-owned subsidiary, PG Finance Limited (C 45136) ("PG Finance") disposed of €15 million 10% Fixed Rate Resetting Senior Non-Preferred Callable Notes having (ISIN: XS2539425095), issued by Bank of Valletta plc (the "Notes") in favour of PG Holdings Ltd, a company owned by Mr Paul Gauci, the Executive Vice-Chairman and majority shareholder of the PG Group, and his immediate family. The sale was executed at €103.48 (i.e., €15,521,917), representing the nominal value of the Notes plus accrued interest. The market value of the Notes as at today is €103.40 (i.e., €15,510,000). This transaction was approved bythe Company's Board of Directors and its Audit Committee.
The Notes were originally subscribed to by PG Finance in December 2022 as a short-term treasury operation after an agreement was reached with Mr Paul Gauci that he would acquire the Notes at parplus accrued interest by not later than 30 April 2023.
UNQUOTE
By order of the Board.
_________________
Dr Emma Grech
Company Secretary
12 April 2023
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
PG plc published this content on 12 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2023 17:19:08 UTC.
