From 8th January – 2nd Februray 2018 (unless closed earlier due to over-subscription)
AST Group p.l.c. (the Issuer) was founded in 2011 by its CEO Emmanuoil Kalamares and subsequently converted into a public limited company domiciled in Malta (Reg. No. C 66811).
It commenced trading in animal feed products to different European markets. The principal animal feed products which are traded by the Group are roasted guar meal korma, fish meal, Distiller’s Dried Grainsand Soluble (DDGS) and HiPro Sunflower meal, sourced from suppliers based in India, Morocco, Hungary and Bulgaria respectively. Its clients range from smaller animal feed producers or end-users such as farmers who are equipped to produce their own feed, all the way to multinational companies with a global footprint and annual multi-billion Euro revenues.
Over the past years, AST Group has gone from strength to strength and now has branches in Greece, Cyprus, Hungary, Spain, France, as well as Malta. To date, the AST Group has distributed the animal feed either by land – in containers loaded on trucks –or by sea – through chartering of third party vessels. The volume of stock held by the AST Group is minimal, given that sourcing only takes place after a contracted sales order. AST Group now aims to complement the animal feed operation by setting up a shipping operations and a logistics centre in Malta for the storage of animal feed products and distribution into markets around the Mediterranean and in mainland Europe, after it was awarded a Maltese licence to operate as a feed store and to import animal feed. The logistics centre will be situated close to the Malta Freeport Terminals and such set up will allow the AST Group to branch out into numerous growth areas.
The acquisition of the vessel will further contribute towards the Group’s vertical integration of its operations and to create a robust supply chain within the animal feed ecosystem. With this investment in place, AST Group hopes its animal feed business will be further developed by introducing new products, cross-selling of its existing product lines, as well as expanding its distribution services from its hub in Malta into new territories throughout Europe.
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 2nd February 2018. 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 4th December 2017 which may be obtained in hard copy from our offices, electronically by email on request or below. The issue will be admitted to Prospects MTF, a market regulated as an MTF and operated by the Malta Stock Exchange.
|Amount:||€2,000,000 (minimum application Eur 5,000)|
|Coupon & Maturity:||5.5% AST Group p.l.c 2028 (Unsecured)
ISIN Code: MT0001701201
|Issue price:||At par – Eur100|
|Interest Dates:||Annually on 31st January (Commencement 31st January 2019)|
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.
For this bond issue Financial Planning Services Limited will be receiving inducements, and thus any advice would be given on a non-independent basis.
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 AST Group plc other than as selling agent, manager and registrar.
This circular is issued for information purposes only and should not be construed as advice.