Launch of Buy-Back Programme following the de -listing and suspension of trading from the open market of the Frankfurt Stock Exchange
Following a Corporate News issued by iFinance PCC PLC (the “Issuer”) in respect of the below listed securities issued by the Issuer on the 10th July 2017:
Performance Solution EUR Asset Backed ETD (ISIN MT0001131201);
(the “ETI Units”)
The Board of Directors of the Company wishes to notify the investors that trading has been suspended however, the instruments have not been suspended and are trading within the major clearing systems. Prices are updated on a weekly basis.
In order to ensure liquidity for investors as well as to guarantee an ordinary trading, the Issuer decided to launch a buy-back programme whereby the Issuer is offering to buy back ETI Units from investors on a daily basis. The Issuer guarantees that the bid-ask spread will not exceed fifty euro (€ 50) per ETI Unit with a minimum size of ten (10) ETI Units.
It is to be noted that the buy-back programme mentioned above shall apply to all the ETI Units listed in this Corporate News.
Kindly note that the board of directors of the Issuer is currently discussing the way forward and additional feedback will be provided in the coming days.