ANNEX 6A

NAME OF ISSUER

APPLICATION FOR THE LISTING OF MUNICIPALITY BONDS ON THE CSE REGULATED MARKET

WITH THE METHOD OF ………………

Summary Presentation o the applicant issuer (Issuer Profile)

The content of this Issuer Profile is in full compliance with the information contained in the issuer’s Prospectus which (has been approved), has been submitted/shall be submitted to the Securities and Exchange Commission.

The Municipal Council Members jointly and severally undertake full responsibility with regards to the accuracy and correctness of the information and details included in this Issuer Profile and affirm that there are no other material facts whose omission would render any declaration contained herein misleading.

During the examination of the application for the listing of its titles on the CSE the Issue Manager / Issue Advisor is …………

ATTENTION: This document is not a Public Invitation to the public and its purpose is not to raise funds.

dd/mm/yy

Α. SUMMARY INFORMATION ON THE ISSUE

Nominal value of bonds
Number of bonds
Date of issue
Expiration date
Interest rate
Date of interest payment

Β. ADVISORS

MUNICIPAL COUNCIL

Name and address of the Mayor and the Members of the Issuer

SECRETARY: ......

BANKERS: ......

AUDITORS: ......

ISSUE ADVISORS, INVESTMENT FIRM ADVISORS, UNDERWRITERS: ......

LEGAL ADVISORS ......

ISSUER’S CONTACT DETAILS

Address, Telephone, Fax, Email, Website

C. BRIEF DESCRIPTION OF THE POWERS/ SERVICES OF THE MUNICIPALITY AND THE REVENUE RESOURCES

D. / GENERAL LISTING REQUIREMENTS
An issuer wishing to list its securities on the CSE regulated market for the first time should give details of the following general requirements:
Please state
YES or NO / Issuer’s comments (in case of failure to fulfil a requirement)
§  / It has the power to issue the specific securities in accordance with its memorandum and articles of association or any other document.
§  / The listing concerns all the securities of the same category issued or to be issued.
§  / It proposes the listing of freely transferable securities.
§  / If the issuer has securities listed on a foreign stock exchange, it fully complies with the terms and conditions of this stock exchange.
§  / It has adequate working capital.
Please state the amount €……….
Please state
YES or NO / Issuer’s comments (in case of failure to fulfil a requirement)
§  / It is not bound against anyone in a manner which is incompatible with the interests of the holders of its securities.
§  / It ensures the equal treatment of the beneficiaries of the securities of the same category.
§  / It provides all the necessary guarantees for the protection of investors.
§  / It ensures that any future issue shall be offered initially to the existing securities holders in proportion to the percentage that each one of them holds in the issuer’s capital.
§  / It proposes the listing of fully paid up securities.
§  / It is ready and able to hand its Register over to the Central Depository and Registry in electronic form in accordance with the CSE specifications.
§  / The Bonds are freely tradeable

* Note: The CSE Council has the power to exempt the issuer from any of the general listing requirements, unless such requirement is provided by law

E. / SPECIAL REQUIREMENTS FOR BONDS LISTING
Please state
YES or NO / Issuer’s comments (in case of failure to fulfil a requirement)
(a) It proposes for listing securities whose total value is greater than €200.000,00.
Exemption may be given.
(b) If the bonds are converted or exchanged into shares or options to acquire shares, the shares to which they refer should be listed on the Stock Exchange or a recognized stock exchange.
Exemption may be given.
(c) Appoints a competent person as a trustee for the protection of the interests and rights of the holders of bonds.
(d) It prepared annual financial statements for at least two years prior to the application for listing on the Stock Exchange.
Exemption may be given.
(e) It has drawn and published a document* binding by law which provides that it is not possible to be amended unless the consent of the beneficiaries of 75% of total bonds is given and with which the following is regulated or referred:
1. / The rights and obligations of the issuer against the beneficiaries or representatives or trustees of the beneficiaries.
2. / The relation between the rights of the beneficiaries and the rights of the beneficiaries of other securities and bonds of the same issuer or other issuer on which the issuer or its capital depends.
3. / The reserves, the repayment procedure or other provisions relating to the amortization of the debt.
4. / In the case of bonds whose repayment or partial repayment is guaranteed by a third party, a copy of the decision or the document providing such guarantee.
5. / The name or names of the representatives or trustee for the representation and protection of the interests of the beneficiaries and the terms of his replacement and his responsibilities.
* Please submit the binding document to the CSE

F. GOALS/TARGETS - PROSPECTS - FUND RAISING

(1) GOALS/TARGETS – PROSPECTS

Include investment business plan, analyzing the performance of the issuer for the next years regarding the investments expected to be carried out by the issuer and the timing. The plan should include a detailed description of the means the issuer intends to use in order to achieve its development objectives.

(2) ANALYSIS OF FUNDS RAISED


Please specify the amount of funds raised and how they will be used

......

G. PERSONNEL

Please state the number of the issuer’s employees

H. RISKS – ADEQUATE QUARANTEES

·  The Bonds of Local Authority Organization seeking to be listed, should provide adequate guarantees for the protection of investors (the CSE Council with the consent opinion of the Securities and Exchange Commission may exempt an issuer from the relevant article of the Law).

I. TERMS OF BONDS ISSUE

·  Size of issue, nominal value and split

·  Registration and transfer

·  Status of seniority (Subordination)

·  Claims in case of winding up

·  Deferred payment of interest

·  Payment of interest (interest rate, date of interest payment, interest calculation basis)

·  Alternative interest payment mechanism

·  Exchange with secondary capital securities, change in terms, redemption

·  Untimely payment

·  Allocation of bonds to non-permanent residents of Cyprus (if applicable)

·  Trust Document

·  Notices and announcements

·  Additional issues

·  Listing to the CSE and trading/transfer of securities

The CSE Council has the power to request additional information or details.

SIGNATURE
…………………………. / ...... / ……………………………..
Issue Advisor / Underwriter / Authorized person on behalf of the Municipal Council

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