Neville Curmi and Curmi & Partners have sent a right of reply over my article about Hart Capital: a junkish company that has issued junk bonds at the Malta Stock Exchange via Curmi & Partners.
Basically, Neville Curmi and Curmi & Partners have denied any business involvement with Hart Capital. Hart Capital Partners registered in Malta is owned by Christon Jon Burrows, but the self-claimed solicitor is just a front for other persons. Hart Capital (UK) is directed by Alex Tanti and Jon Burrows.
They also said that the company registered in Malta (Hart Capital) is not involved in property development unlike the other Hart Capital companies abroad. According to the Right of Reply, the bond issue was for a pool of debt that is managed by Hart Capital (Malta): basically junk finance business and that’s why retail clients are lured by a “7%” interest rate.
Right of Reply by Neville Curmi and Curmi & Partners
We refer to an article appearing on your blog markcamilleri.org, in which you have
mentioned Neville Curmi, and Curmi & Partners Limited, in the context of a bond issue
by Hart Capital Partners (Europe) Plc.
In this context Curmi & Partners Limited are exercising the right of reply in terms of
article 15 of the Media and Defamation Act (Cap.579 of the Laws of Malta) and formally
request the publication of this letter, with the same prominence given to your original
article, to rectify the inaccuracies contained in you blog and to ensure that the details
published on this blog are accurate and complete. Curmi & Partners Limited believe
that by providing a comprehensive view readers are properly empowered to form their
own judgments.
Since Curmi & Partners Limited are in the business of managing clients assets, we
understand that we, along with other banks and financial advisors/brokers, should be
scrutinised more than normal companies, and that accordingly we are also the object
of criticism. We have absolutely no issue with that, provided that any criticism it is
complete and accurate.
Curmi & Partners Limited acted as Placement Agent and Manager for the €3,000,000
7.25% Secured Callable Bonds 2025 – 2027 bond issue by Hart Capital Partners (Europe)
Plc (“the Issuer”) on the Prospects MTF market of the Malta Stock Exchange, as it has
done for numerous issuers over the years in accordance with the terms of its investment
services license.
Mr. Neville Curmi had no involvement with the mentioned bond issue whatsoever at the
time of the issue and has no involvement, past or present, nor is he contemplating any
involvement with the Issuer or related entities or any of the underlying developments that
each of these entities may be involved in. Moreover, Mr. Curmi has no knowledge,
business, nor personal relationship with the Issuer, its ultimate beneficial owners, or
directors.
The Issuer is a holding and finance vehicle set up to fund a portfolio of third-party loan
assets. It does not develop property. According to the disclosures made by the Issuer, as
part of its ongoing regulatory obligations, its financial performance is in line with that
outlined in the Company Admission Document, a document approved by the Malta Stock
Exchange and published on 20 October 2022.
Curmi & Partners Limited is a founder member of the Malta Stock Exchange and is
licensed by the MFSA to provide investment services. These services authorise us to act
as a broker, adviser or manager. All our services are scrutinised by the MFSA with whom
we maintain an open and transparent relationship.
Website Editor
Historian and Publisher
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