COMPANY ANNOUNCEMENT

GRAND HARBOUR MARINA P.L.C.

(THE "COMPANY")

Publication of Financial Analysis Summary 2021

Date of Announcement

1 June 2021

Reference

181/2021

Listing Rule

5.16

This is an announcement being made by the Company in compliance with Chapter 5 of the Listing Rules:

QUOTE

The Financial Analysis Summary for 2021 is available and can be accessed on the Company's website https://en.cnmarinas.com/grand-harbour-marina/notification%20&%20publication.

A copy of such Financial Analysis Summary is also attached herewith.

UNQUOTE

Signed:

________________________

Louis de Gabriele Company Secretary

The Board of Directors

Grand Harbour Marina plc

Vittoriosa Wharf,

Vittoriosa, BRG 1721,

Malta

01 June 2021

Dear Sirs,

Grand Harbour Marina plc - Financial Analysis Summary (the "Update FAS")

In accordance with your instructions and in line with the requirements of the Listing Authority Policies, we have compiled the Update FAS set out on the following pages and which is being forwarded to you together with this letter.

The purpose of the Update FAS is that of summarising key financial data appertaining to Grand Harbour Marina p.l.c. (the "Company" or "GHM"). The data is derived from various sources or is based on our own computations as follows:

  1. Historical financial data for the three years ended 31 December 2018 to 2020 has been extracted from the
    Company's audited statutory financial statements for the three years in question, as and when appropriate;
  2. The forecast data for the financial year ending 31 December 2021 has been provided by management of the Company;
  3. Our commentary on the results of the Company and on the respective financial position is based on the explanations provided by the Company;
  4. The ratios quoted in this report have been computed by us applying the definitions as set out and defined within the Update FAS; and
  5. Relevant financial data in respect of competitors as analysed in Part D has been extracted from public sources such as the web sites of the companies concerned and the respective financial statements filed with the Registry of Companies.

The Update FAS is meant to assist potential investors by summarising the more important financial data of the Company. The Update FAS does not contain all data that is relevant to potential investors and is meant to complement, and not replace, financial and/or investment advice. The Update FAS does not constitute an endorsement by our firm of the securities of the Company and should not be interpreted as a recommendation to invest. We shall not accept any liability for any loss or damage arising out of the use of the Update FAS and no representation or warranty is provided in respect of the reliability of the information contained in this report. As with all investments, potential investors are encouraged to seek professional advice before investing.

Yours sincerely,

Vincent E Rizzo

Director

FINANCIAL ANALYSIS SUMMARY

Update 2021

Prepared by Rizzo, Farrugia & Co (Stockbrokers) Ltd, in compliance

with the Listing Policies issued by the Malta Financial Services Authority,

dated 5 March 2013.

01 June 2021

TABLE OF CONTENTS

LIST OF ABBREVIATIONS

IMPORTANT INFORMATION

PART A

BUSINESS & MARKET OVERVIEW UPDATE

PART B

FINANCIAL REVIEW

PART C

LISTED SECURITIES

PART D

COMPARATIVES

PART E

GLOSSARY

FAS Update - 2021

2

LIST OF ABBREVIATIONS

BOT

Build, Operate and Transfer agreement entered between IC Cesme

Marina Yatirim, Turizm vs Isletmeleri Anonim Sirketi ("IC Cesme") and the

Turkish Ministry of Transportation, which agreement expires in 2067;

CAGR

Compound annual growth rate;

CNMIL

Camper & Nicholsons Marina Investments Ltd;

CNML

Camper & Nicholsons Marinas Limited;

MGS

Malta Government Stock;

PA

Planning Authority; and

PPE

Property, Plant and Equipment.

FAS Update - 2021

3

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

Grand Harbour Marina plc published this content on 01 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2021 15:00:05 UTC.