Melita completes bonds repayment

Melita has completed the full repayment of the nominal value and final interest due on its Melita Capital PLC 7.15% Bonds 2014 – 2016.

Bondholders who appeared on the register of bondholders as at close of business on the 15th of September 2014 received their payments by means of direct credit to the bondholders’ bank account details held by the company.

The bonds were redeemed following a resolution of the Board of Directors of Melita Capital PLC and last traded on 10th September 2014.

“Once again we would like to thank all bondholders for the support shown through their respective investment in the Melita Capital PLC Bonds. The bondholders’ support has helped our organisation to invest in infrastructure and services that offer more value and more possibilities to our customers,” Andrei Torriani, CEO of the Melita Group, said.

Proceeds from the successful bonds issue in 2009 were used towards further growth in mobile services and broadband infrastructure for the Melita Group.

Earlier Melita also announced that as part of its refinancing process the group of companies is consolidating and simplifying its corporate structure.

Melita Mobile Ltd, Melita Infrastructure Ltd and Melita PLC are now consolidated into one entity – Melita PLC. The resulting and simpler Group structure will enable the Group to achieve a more financially agile and operationally efficient organization and position the Group to continue with its execution of an ambitious growth strategy.