AI assistant
LifeStar Holding Plc Capital/Financing Update 2021
2057_rns_2021-05-19_78ac14a7-2131-49ea-8ff3-5ac8d7f69b8a.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
COMPANY ANNOUNCEMENT
The following is a Company Announcement issued by LifeStar Holding plc ("the Company") pursuant to the Listing Rules issued by the Listing Authority.
EXTENSION OF OFFER PERIOD
The Company refers to its announcement of the 05 May 2021, through which the market wasinformed that the Listing Authority approved the Prospectus, dated 04 May 2021 (the "IPO Prospectus"), issued by its subsidiary company, LifeStar Insurance p.l.c (formerly, GlobalCapital Life Insurance Limited) ("LSI") in respect of the offer for sale of 18,518,519 ordinary shares in LSI by the Company at an offer price of €0.54 per share (the "Share Offer") and the offer of 6,570,000, ordinary shares in LSI by the Company to its shareholders in exchange for their ordinary shares in the Company at an exchange ratio of 1 Company share to 1 share in LSI (the "Exchange Offer").
Furthermore, the Company refers to the Prospectus dated 06 May 2021 (the "Bond Prospectus"), approved by the Listing Authority and issued by LSI, in respect of an issue of €10,000,000 4% Subordinated Bonds due 2026-2031 (the "Bond Issue").
The Company hereby informs the market that LSI is extending the offer period of the Share Offer and of the Bond Issue until 28 May 2021 and the offer period of the Exchange Offer until 25 May 2021, as set out hereunder.
Share Offer
The Company refers to the definition of "Share Offer Period" (as defined in the IPO Prospectus). The Company hereby announces that the "Share Offer Period" is being extended to 28 May 2021 (previously, 19 May 2021). In view of the said extension, the Expected Timetable set out in Section 17.1 of the IPO Prospectus, should read as follows:
| 30th April 2021 | Suspension of trading in LSH shares |
|---|---|
| 3rd May 2021 | Cut-Off Date |
| 5th May 2021 | Share Offer Application Forms sent to Preferred Applicants |
| 6th May 2021 | Share Application Forms made available |
| 6th May 2021 | Share Offer Opening Date |
| 28th May 2021 | Share Offer Closing Date (or such earlier date as may be determined by LifeStar Holding and/or the Company) |
LifeStar Holding plc (C19526) Testaferrata Street, Ta'Xbiex, XBX 1403 Malta
t. +356 2134 2342 e. [email protected] w. lifestarholding.com
LifeStar Insurance Ltd (C29086) is authorised under the Insurance Business Act, Cap 403 and is regulated by the MFSA. LifeStar Health Ltd (C6393) acts as an insurance agent for Bupa Global DAC under the Insurance Distribution Act, Cap 487 and is regulated by the MFSA. GlobalCapital Financial Management (C30053) is licensed to provide investment services in Malta by the MFSA.
| 1st June 2021 | Announcement of basis of acceptance (including Intermediaries' Offer results) |
|---|---|
| 9th June 2021 | Refund of monies (if applicable) |
| 10th June 2021 | Expected date of admission of the Shares to listing |
| 11th June 2021 | Expected date of commencement of trading in the Shares |
Exchange Offer
The Company refers to the definition of "Exchange Offer Closing Date" (as defined in the IPO Prospectus). The Company hereby announces that the "Exchange Offer Closing Date" is being extended to 25 May 2021 (previously, 19 May 2021). In view of the said extension, the Expected Timetable set out in Section 18.1 of the IPO Prospectus, should read as follows:
| 30th April 2021 | Suspension of trading in LSH shares |
|---|---|
| 3rd May 2021 | Cut-Off Date |
| 5th May 2021 | Exchange Offer Forms sent to LSH shareholders |
| 6th May 2021 | Exchange Offer Opening Date |
| 25th May 2021 | Exchange Offer Closing Date (or such earlier date as may be determined by LifeStar Holding and/or the Company) |
| 6th May 2021 to 25th May 2021 | Exchange Offer Period |
| Any Business Day before the Exchange Date | Exchange Offer declared unconditional |
| 9th June 2021 | Exchange Date |
| 10th June 2021 | Expected date of admission of the Shares to listing |
| 11th June 2021 | Expected date of commencement of trading in the Shares |
LifeStar Holding plc (C19526) Testaferrata Street, Ta'Xbiex, XBX 1403 Malta
t. +356 2134 2342 e. [email protected]
w. lifestarholding.com
LifeStar Insurance Ltd (C29086) is authorised under the Insurance Business Act, Cap 403 and is regulated by the MFSA. LifeStar Health Ltd (C6393) acts as an insurance agent for Bupa Global DAC under the Insurance Distribution Act, Cap 487 and is regulated by the MFSA. GlobalCapital Financial Management (C30053) is licensed to provide investment services in Malta by the MFSA.
Bond Issue
The Company refers to the definition of "Bond Offer Closing Date" (as defined in the Bond Prospectus). The Company hereby announces that the "Bond Offer Closing Date" is being extended to 28 May 2021 (previously, 19 May 2021). In view of the said extension, the Expected Timetable set out in Section 14.1 of the Bond Prospectus, should read as follows:
| 5th May 2021 | Suspension of trading in LSH Bonds |
|---|---|
| 6th May 2021 | Prospectus Date |
| 7th May 2021 | Cut-Off Date |
| 10th May 2021 | Bond Application Forms sent to Preferred Applicants |
| 10th May 2021 | Bond Application Forms made available |
| 10th May 2021 | Bond Offer Opening Date |
| 25th May 2021 | Bond Offer Closing Date |
| 28th May 2021 | Intermediaries' Offer Date* |
| 1st June 2021 | Announcement of basis of acceptance (including Intermediaries' Offer results) |
| 9th June 2021 | Refund of unallocated monies (if applicable) and dispatch of allotment letters |
| 10th June 2021 | Expected date of admission of the Bonds to listing |
| 10th June 2021 | Expected date of commencement of trading in the Bonds |
| 10th June 2021 | Commencement of Interest on the Bonds |
*In the event that the total value of Applications received from Preferred Applicants exceeds €13,000,000, the Intermediaries' Offer will not take place.
Accordingly, any other reference to the dates indicated above made elsewhere in each of the IPO Prospectus and the Bond Prospectus, including the relevant Application Forms attached thereto, are to be construed accordingly.
BY ORDER OF THE BOARD
19 May 2021
LifeStar Holding plc (C19526) Testaferrata Street, Ta'Xbiex, XBX 1403 Malta
t. +356 2134 2342 e. [email protected] w. lifestarholding.com
LifeStar Insurance Ltd (C29086) is authorised under the Insurance Business Act, Cap 403 and is regulated by the MFSA. LifeStar Health Ltd (C6393) acts as an insurance agent for Bupa Global DAC under the Insurance Distribution Act, Cap 487 and is regulated by the MFSA. GlobalCapital Financial Management (C30053) is licensed to provide investment services in Malta by the MFSA.