Grand Harbour Marina announces share allocation policy

The shareholders of Grand Harbour Marina plc, who last week sold 30 per cent of their shareholding to members of the general public, have announced the share allocation policy.
Subscribers who applied to buy up to 40,000 shares will receive the full allocation. Those who applied to buy more than 40,000 shares will receive 40,000 shares and 68.1 per cent of the remaining balance, rounded off to the nearest 100 shares. Refunds, where applicable, will be paid by the 28 February.
All those who applied to buy shares in Grand Harbour Marina p.l.c. will receive a letter from the company with explanatory details.
HSBC Bank Malta acted as manager, registrar, sponsor and underwriter to the share offer, while GlobalCapital was co-sponsor.