From today up to Friday 21st July 2017
(unless closed earlier due to over-subscription)
Klikk Finance p.l.c. (the Issuer) was incorporated on 12 May, 2011 as a private limited liability company, registered in terms of the Companies Act with company registration number C 52833. The Issuer was subsequently converted into a public limited company on 30th June 2017 and is domiciled in Malta. The principal object of the Issuer is to carry on the business of a finance and holding company.
The Issuer itself does not have any substantial assets, apart from its 75% shareholding in Klikk Limited, furthermore it is a special purpose vehicle set up to raise finance for the business of Klikk Limited, initially by providing credit to Klikk Limited’s customers and thereafter through the Bond proceeds and loan facilities raised on behalf of Klikk Limited. As the Issuer itself does not carry on any trading activities, the Issuer is economically dependent on the business prospects of Klikk Limited. The Issuer is the parent of Klikk Limited, after the Issuer acquired 75% holding in Klikk Limited on 24 August 2016. Collectively the Issuer and Klikk Limited are referred to as the Klikk Group.
The principal object of Klikk Limited is to operate two computer retail outlets, one situated in Birkirkara and another situated in Zejtun. Klikk Limited offers its customers a variety of computer products and electronic goods, including but not limited to laptops and desktops, smartphones, tablets, televisions and computer peripheral devices. Furthermore, Klikk also offers be-spoke software solutions. Klikk Limited supplies its products and services mainly to individuals, corporate customers and Government institutions. Customers may acquire the products and/or services either through an outright cash sale or on credit as secured by bills of exchange.
Financial Planning Services Limited is the Placement Agent, Manager and Registrar of this issue. We are currently accepting applications on a first come first served basis till 20th July 2017. Since the amount of this issue is small, applications will not be accepted once the amount has been satisfied in full.
Prospective clients should refer to the Admission Document dated 3rd July 2017 which may be obtained in hard copy from our offices, electronically by email on request or by clicking here.
|Amount:||€2,000,000 (minimum application Eur 2,000)|
|Coupon & Maturity:||5.25% Klikk Finance p.l.c 2027 (Unsecured)
ISIN Code: MT0001541201
|Issue price:||At par – Eur100|
|Interest Dates:||Annually on 31st July
Commencement 31st July 2018
PAYMENT: Kindly complete and forward the application. Please issue cheques in favour of “Financial Planning Services Ltd” or transfer to our BOV clients’ account IBAN no. MT85 VALL 22013 0000 000 400 1188 0787.
15% FINAL WITHHOLDING TAX: Please tick the relevant box to indicate whether you wish tax to be withheld at source or paid gross. DIRECT BANK CREDIT: Interest, and refunds if applicable, can only be credited directly to your bank account. Please enter your bank account details including your full IBAN in the relevant box.
LIQUIDITY: These bonds can be partly or fully encashed before maturity. However please bear in mind that once the issue is a small one, there could be liquidity issues which delay the sales process.
PERSONAL ATTENTION: If you require more information, please phone between 8.00am and 5.00pm from Monday to Friday on 21 344 244. Alternatively you may call Matthew on 9947 1525 or Elaine on 7942 3375.
Bond prices fluctuate – the longer the term, the wider the potential fluctuation.
If these bonds are sold before maturity you may receive more, or less, than you invested.
This circular in no way implies that this stock-broking firm has any official appointment by Klikk Finance plc other than as selling agent.
This circular is issued for information purposes only and should not be construed as advice.