The Board of Directors of AX Investments has announced that the offer of Lm4 million AX investments bonds 2014-2016, as well as the over-allotment option of a further Lm1 million, made by the company to the general public, has been fully subscribed.

The company closed applications within a few hours of the opening of subscription lists. In view of this substantial demand, it will be necessary to scale down a number of applications. AX Investments later published the allocation policy.

The company wishes to thank investors for their support of the issue. AX Group of Companies chairman Angelo Xuereb said: “The demand for the AX investment bonds confirms the high regard and confidence that investors have in the AX Group.”