REG - Malin Corp PLC - Update on Return of Capital to Shareholders

MalinAnnouncement

05/02/2025 07:00

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RNS Number : 9228V  Malin Corporation PLC  05 February 2025

Malin Corporation plc

 

Update on Return of Capital to Shareholders

 

 

Dublin-Ireland, 5 February 2025: Malin Corporation plc (Euronext Growth
Dublin:MLC) ("Malin" or the "Company"), a company investing in highly
innovative life sciences companies, announces that it intends to return up to
€150 million of capital to shareholders by way of a tender offer (the
"Tender Offer") at a price of €10.30 per share (the "Tender Price").

 

The Tender Price represents a premium of 17.1% to the closing price of €8.80
per Malin ordinary share on 4 February 2025 and represents a discount of 4.4%
to the Estimated Intrinsic Equity Value per Ordinary Share of €10.77 on 4
February 2025.

 

It is currently anticipated that the Tender Offer will formally launch in late
February 2025 and the Company will issue a shareholder circular containing the
formal terms and conditions of the Tender Offer and instructions on how
shareholders may tender their shares should they choose to do so. Subject to
approval by the Company's shareholders at a shareholder meeting expected to be
held in mid-March, the Tender Offer is expected to be completed before the end
of March 2025.

 

Further announcements on the Tender Offer will be made by the Company as
appropriate.

 

In addition, the Company intends to report its results and publish its annual
report for the year ending 31 December 2024 at 07:00am GMT on Wednesday, 19
February 2025. The Company's 2024 Annual Report will be available at that time
on the Company's website at www.malinplc.com (http://www.malinplc.com) .

 

ENDS

 

For further information please contact:

 

Malin

Fiona Dunlevy, Executive Director/Company Secretary

Tel: +353 (0)1 901 5700

cosec@malinplc.com

 

Davy Corporate Finance (Financial Adviser, Euronext Growth Listing Sponsor
& Broker)

Brian Garrahy / Daragh O'Reilly

Tel: +353 1 679 6363

 

Sodali & Co (Media enquiries)

Eavan Gannon

Tel: +353 87 236 5973

eavan.gannon@sodali.com

 

 

This announcement contains Inside Information.

 

This announcement does not constitute, or form part of, an offer or any
solicitation of an offer, to purchase or repurchase securities in any
jurisdiction or constitute a recommendation or advice in respect of any
securities or other financial instruments or any other matter.

 

Forward-looking Statements

This announcement contains certain forward-looking statements with respect to
the financial condition, results of operations and business of the Group and
certain plans and objectives of the Board, that are subject to risk factors
associated with, amongst other things, the economic and business circumstances
occurring from time to time in the countries, sectors and business segments in
which the Group operates. These forward-looking statements can be identified
by the fact that they do not relate only to historical or current facts.
Forward looking statements often use words such as "anticipate", "target",
"expect", "estimate", "intend", "plan", "goal", "believe", "will", "may",
"should", "would", "could" or other words of similar meaning. These statements
are based on assumptions and assessments made by the Board in light of its
experience and perception of historical trends, current conditions, expected
future developments and other factors it believes appropriate. By their
nature, forward-looking statements involve risk and uncertainty, and the
factors described in the context of such forward-looking statements in this
document could cause actual results or developments to differ materially from
those expressed in or implied by such forward-looking statements.

 

Should one or more of these risks or uncertainties materialise, or should
underlying assumptions prove incorrect, actual results may vary materially
from those described in this document. Malin assumes no obligation to update
or correct the information contained in this document, whether as a result of
new information, future events or otherwise, except to the extent required by
law or the Euronext Growth Rules.

 

The statements contained in this announcement are made as at the date of this
announcement, unless some other time is specified in relation to them, and
publication of this document shall not give rise to any implication that there
has been no change in the facts set out in this document since such date.
Nothing contained in this announcement shall be deemed to be a forecast,
projection or estimate of the future financial performance of Malin except
where expressly stated.

 

 

 

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