Company Structure

The Company

Full Legal & Commercial Name of Company:	Grand Harbour Marina p.l.c.
Registered Address:	Vittoriosa Wharf, Vittoriosa, BRG 1721, Malta
Place of registration & Domicile:	Malta
Registration Number:	C 26891
Date of registration:	31 August 2000
Legal Form:	Public Limited Liability Company
Telephone Numbers:	+356 21 800 700

 

Share Capital

The Company was first established on 31 August 2000, as a private company under the Companies Act.  On the 4 September 2001, the Company acquired the rights to develop and operate Grand Harbour Marina, located in the area of Grand Harbour, Malta known as Dockyard Creek for the 97-year balance of a 99-year sub-emphyteusis.

In preparation of the initial public offering of the Company in 2007, the Company was converted into a public limited company in accordance with section 213 of the Companies Act and is currently duly registered and existing as a public company pursuant to the Companies Act.

On 1 March 2007, the ordinary share capital of the Company was admitted to the Official List of the Malta Stock Exchange following a successful initial public offering of 30% of the Company’s shares. Subsequently, an offer was made to the then shareholders by Camper & Nicholsons Marina Investments Limited (CNMI) which as a result acquired 79.2% of the issued share capital of the Company. CNMI is a closed-ended investment company registered and incorporated in Guernsey under the Companies (Guernsey) Law, 1994 (as amended) with registered number 45700 and is listed on the Alternative Investment Market of the London Stock Exchange.

The authorised share capital and issued share capital of the Company is two million three hundred and twenty nine thousand three hundred and seventy euro (€2,329,370) divided into ten million ordinary shares of a nominal value of €0.232937 per share. All of the issued shares of the Company form part of one class of ordinary shares in the Company, which shares are listed on the MSE. 

The issued share capital is subscribed as follows: -

Camper & Nicholsons Marina Investments Limited holds 7,917,209 shares (79.17%).
The General Public holds, in aggregate, 2,082,791 (20.83%).

The Company’s intentions are presently to use the net proceeds of the Bond Issue amounting to approximately €7.8 million,

1. for further waterside and landside investments within the Marina itself and within Malta; and
2. potentially to co-invest with Camper & Nicholsons in existing and new investment marinas outside of Malta with a focus on the Mediterranean.

Parent and subsidiaries

The Company forms part of a group of companies, under the parent company Camper and Nicholsons Marina Investments Ltd (CNMI).  The Company has no subsidiaries.