Simonds Farsons Cisk plc (MTSE:SFC) announced the spin-off of Trident Estates Limited on June 27, 2017. The spin-off will be affected by way of a distribution of its entire shareholding in Trident Estates of 30 million shares, to its shareholders pro rata to the shares held by them in Simonds Farsons Cisk plc at the time of issue. As a result of the spin-off, each shareholder in Simonds Farsons Cisk will receive one share in Trident Estates for each share in Simonds Farsons Cisk on the register of members as at close of business on December 21, 2017.

Trident Estates intends to file an application with the listing authority for admission to listing of its shares on the Malta Stock Exchange. The listing authority approved a prospectus dated December 18, 2017 relating to the admissibility to listing of the shares of Trident Estates. The transaction has been approved by the shareholders of Simonds Farsons Cisk plc.

Mamo TCV acted as legal advisor and PricewaterhouseCoopers acted as accountant to Trident.