The board of directors of AX Investments plc has announced that the offer of Lm4 million AX Investments plc 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 the applications within a few hours of the opening of subscription lists.

In view of this substantial demand, a number of applications would have to be scaled down, said the company. It would be publishing the allocation policy by not later than next Wednesday.

The company thanked investors for their support of the issue.

AX Group of Companies chairman Angelo Xuereb said that “the demand for the AX Investment Bonds confirms the high regard and confidence that investors have in the AX Group.”