Press

€13 million bond issue launched

Press Release

Committed to Excellence

Brown’s Pharma Holdings p.l.c. is pleased to announce the offer of €13,000,000 unsecured callable bonds maturing 2027-2031. The Bonds, having a nominal value of €100 per bond and issued at par, bear an interest rate of 3.9%. Calamatta Cuschieri Investment Services Ltd is acting as sponsor, manager and registrar for this bond issue. The proceeds of the Bond Issue shall be utilized to: 

  1. acquire further pharmacy licenses,
  2. refurbish and equip pharmacies as well as invest in or fund other capital projects of the Group; invest in additional health services equipment,
  3. refinance existing debt; and
  4. fund the general corporate requirements of the Group.

Applications for subscriptions will be available to the general public from the 23rd of June 2021, with their listing on the main list of the Malta Stock Exchange scheduled for the 15th of July 2021.

Established in 1998 by Alexander Fenech and Robert Spiteri; pharmacists, long-time friends, and business partners, Brown’s has grown steadily over the past 23 years into the largest retail pharmacy group in Malta and now operates 21 outlets, conveniently located across Malta, and employs over 160 people.  

The Group’s commitment to growth and improvement is also reflected through its acquisition of new licenses throughout the past 12 months. In early 2020 the Group merger with an existing chain of 5 pharmacies and continued its path towards expansion by acquiring Grognet Pharmacy, Mosta; Medical Plaza Pharmacy, San Gwann; and St Mary’s Pharmacy, Attard. Underlying this organic growth of the Group’s retail pharmacy portfolio is the Group’s core commitment to provide the best possible service and care to the community within which it operates.

This article does not intend to give any investment advice and the contents herein should not be construed as such.

The value of investments may increase as well as decrease and past performance is not an indication of future performance. Prospective investors wishing to apply for the Bonds are urged to read the Prospectus (available from the Company’s registered address or electronically on www.browns.pharmacy) and seek the advice of their financial intermediaries.

We are pleased to announce the offer of €13,000,000 unsecured callable bonds maturing 2027-2031, having a nominal value of €100 per bond and issued at par, bear an interest rate of 3.9%.

Brown’s Holdings
Zone 5, Central Business District, Qormi CBD 5030
customercare@brownspharmacy.eu
+356 2142 2999

08:00 - 20:00

+ 356 2182 1646
paolasquare@brownspharmacy.eu
64/65, Pjazza Antoine De Paule,
Paola, Malta

8:00 – 20:00

+ 356 2146 5411
zebbug@brownspharmacy.eu
47, Vjal il-Ħelsien,
Żebbuġ, Malta

8:00 – 20:00

+ 356 2141 7652
naxxar@brownspharmacy.eu
Triq San Pawl, Naxxar, Malta

8:00 – 20:00

+ 356 2149 9697
qormi@brownspharmacy.eu
278, Triq il-Vitorja,
Qormi, Malta

08:00 - 20:00

+ 356 2180 7740
kalkara@brownspharmacy.eu
No. 8, Misraħ l-Arċisqof Gonzi,
Kalkara, Malta

09:00 - 19:30

+ 356 2131 3233
sliema@brownspharmacy.eu
Unit 22, Triq Tigne,
Sliema, Malta

8:00 – 20:00

+356 2152 3554
mellieha@brownspharmacy.eu
69, Triq George Borg Olivier,
Mellieħa, Malta

08:00 - 12:30
16:00 - 19:30

+ 356 2123 8623
hamrun@brownspharmacy.eu
706, Triq il-Kbira San Ġużepp,
Ħamrun, Malta

08:00 - 21:00

+ 356 2124 4366
pieta@brownspharmacy.eu
Shop 10, Yacht Marina Apartments, Triq il-Marina,
Pietà, Malta

08:30 - 13:00
16:00 - 19:30

+ 356 2152 3536
village@brownspharmacy.eu
Main Street,
Mellieħa, Malta

08:00 - 12:30
16:00 - 19:30

+ 356 2169 4818
paola@brownspharmacy.eu
45, Paola Hill,
Paola, Malta

07:30 - 19:30

+ 356 2148 8884
fdl@brownspharmacy.eu
32, Triq Fleur-de-Lys,
Birkirkara, Malta

08:00 - 20:00

+ 356 2143 1431
mosta@brownspharmacy.eu
Bohemian Court - Shop 1, Vjal L-Indipendenza,
Il-Mosta, Malta

8:00 - 20:00

+356 2137 3275
mensija@brownspharmacy.eu

92, 94 Triq il-Mensija,
San Gwann

9:00-21:00

+356 2133 3886
stjulians@brownspharmacy.eu

135, Central Business District,
St Julian's (opposite LOVE sign)

7:00-12:30/16:00-19:00

+356 2744 1913
stanne@brownspharmacy.eu

24, Misrah, Sant' Elena,
Birkirkara

8:00-20:00

+356 2143 2038
grognet@brownspharmacy.eu

41 Constitution Street,
Mosta

8:00-20:00

+356 2141 5499
iklin@brownspharmacy.eu

Triq Geronimo Abos, L-Iklin

8:00-20:00

+356 2141 1438
naxxarcentre@brownspharmacy.eu

3 Vjal Il-21 Ta Settembru,
In-Naxxar