Maltese-listed residential property offer

The initial subscription hopes to raise £8.25m via the release of 825,000 ordinary shares issued at £1.00 per share. A further £7,425,000 will be raised via loan notes (one ordinary share to every £9 of loan notes). The minimum subscription for investors is £50,000 which is made up of £5,000 ordinary shares and £45,000 loan notes. The offer is being marketed by LLP Services, a company authorised and regulated by the UK’s Financial Services Authority. The company has already obtained approval for its listing on the Maltese Stock Exchange. The fact that this exchange is HMRC ‘recognised’ ...