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.
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.
