AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

MIDI Plc Capital/Financing Update 2026

Jun 2, 2026

2069_rns_2026-06-02_70987911-c371-475f-897b-470032e7b3bc.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

MIDI

Company Announcement

The following is a Company Announcement issued by MIDI p.l.c. ("MIDI" or the "Company") pursuant to the Capital Markets Rules of the Malta Financial Services Authority ("MFSA").

Quote

Execution of Deed of Sale

Reference is made to the company announcement issued by the Company on the 24 February 2026 (MDI 213), in relation to the promise of sale and purchase agreement entered into on the same date by the Company with The 540 Hub Ltd a limited liability company registered in Malta with registration number C114936 (the "Purchaser").

In terms of the said promise of sale and purchase agreement, the Company promised to sell and transfer to the Purchaser, which promised to acquire, the temporary utile-dominium for the period remaining out of the original period of ninety nine (99) years which commenced on the 15 June 2000, of the building under construction known as the "T15 Building" at Tigne Point, Sliema (the "Property"). The Property forms part of the land originally granted by the Government of Malta to the Company by title of temporary emphyteusis for 99 years in virtue of a public deed of the 15 June 2000 in the records of Notary Vincent Miceli (the "Emphyteutical Deed") and is subject to its pro-rata share of the overall annual ground rent burdening the land payable to the Government of Malta in terms of the Emphyteutical Deed and subject to any rights and obligations and any relevant terms and conditions and restrictions emanating from the Emphyteutical Deed.

The Company announces that the final deed of sale and purchase in respect of the Property was executed today by means of a deed published in the records of Notary Dr Sam Abela.

The net sale proceeds of the Property will be applied towards the redemption of the Company's €50 million bond which is due in July 2026.

There have been no changes to the terms of the transaction as announced in Company Announcement MDI213.