Following the overwhelming demand for the €20 million 6.25% Bond 2014-16 which closed immediately after it opened on the 3rd of July the Board of Directors of Tumas Investments plc exercised the over allotment option thereby increasing the Bond Issue to €25 million. The Bond allotment policy was announced on Friday.

3429 applications were received for a total of €37.15 million, this being approximately 50% higher than the full Bond Issue. Applications at the pre-placement stage, which closed on 1st July already stood at €34.3 million, substantially over the limit set for pre-placement which was €15 million.

2,782 general public offer 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 on the 10th July 2009 while despatch of allotment advices and refunds of unallocated monies will be made by 17th July 2009. The bonds are expected to be listed on the Official List of the Malta Stock Exchange, at the latest on the 22nd July and trading to commence the following day.

The Board of Directors of Tumas Investments plc thanks the public, institutional investors, financial intermediaries and the banks for their strong and widespread support in making this bond issue of the Tumas Investments p.l.c. a tremendous success.