2010
Bank of Valletta plc - Full-Year Results
Friday, October 29th, 2010On 29 October, Bank of Valletta plc published its full-year results for the financial year ended 30 September 2010. The results show a pre-tax profit of €98.9 million, representing a 20.9% increase over the Group’s profitability in the previous financial year. The increase in profitability was due to improved interest and non-interest income which offset [...]
FIMBank plc - Allocation Policy
Wednesday, October 27th, 2010On 27 October, FIMBank plc announced the allocation policy with respect to its recent bond offering. Due to the strong demand for its bond offering, FIMBank exercised a large part of its over-allotment option and issued an equivalent of €33 million 4.25% bonds which mature on 30 November 2013. The Bank stated that the pre-placement [...]
MIDI plc - New Share Issue
Wednesday, October 27th, 2010On 26 October, MIDI plc announced that it has submitted a Prospectus for approval by the Listing Authority for the issue of 44,444,444 shares of a nominal value of €0.20 per share with an over-allotment option of a further 22,222,222 shares. Concurrently, the existing shareholders of the company will be subscribing to a further 22,222,222 [...]
Malta Government Stocks - New MGS Issues
Tuesday, October 26th, 2010On 26 October 2010, the Treasury announced the issue of 2 new Malta Government Stocks for a total aggregate amount of €100 million. The 2 new stocks are: (i) 3.75% MGS 2015 (VI) (Fungible Issue) at a price to be determined on Thursday 4 November 2010. (ii) 5.25% MGS 2030 (I) (Fungible Issue) at a [...]
FIMBank plc - Bond issue closed
Monday, October 25th, 2010On 25 October, FIMBank plc announced that subscription lists for the 4.25% EUR and USD bonds maturing on 30 November 2013 have been closed. The Bank explained that it will be exercising the Over-allotment option and will shortly be announcing the allocation policy.
Bank of Valletta plc - Board Meeting
Tuesday, October 19th, 2010On 19 October 2010 Bank of Valletta plc announced that its Board of Directors is scheduled to meet on Friday 29 October to consider and approve the financial statements for the year ended 30 September 2010. The Directors will also consider the declaration of a final dividend to be subsequently approved at the next Annual [...]
MIDI plc - Extraordinary General Meeting
Tuesday, October 19th, 2010On 19 October, MIDI plc announced that it held an Extraordinary General Meeting (EGM) during which a number of resolutions were approved ahead of a planned public share issue which is still subject to regulatory approval by the Malta Financial Services Authority. During the EGM held on Monday 18 October 2010 shareholders approved a new [...]
PG Finance plc - Early Redemption
Tuesday, October 19th, 2010On 19 October, PG Finance plc announced the early redemption of its outstanding 7% Secured bonds. As specified in the Offering Memorandum dated 28 November 2002, the Company has the option to redeem the said bonds in whole or in part prior to the maturity date on 20 December 2012. The Company can avail itself [...]
FIMBank plc - India Factoring Licence
Monday, October 18th, 2010On 18 October, FIMBank plc announced that further to its announcements dated 4 November 2009 and 21 May 2010, India Factoring & Finance Solutions Private Limited has been issued with a Certificate of Registration dated 12 October 2010. This certification by the Reserve Bank of India authorises India Factoring to conduct business as a Non-Banking [...]
Mediterranean Bank plc - Allocation Policy
Monday, October 18th, 2010On 18 October, Mediterranean Bank plc announced the allocation policy with respect to its recent bond offering. The Company issued €15 million 6.25% bonds which mature on 30 October 2015. In view of the over-subscription for these Bonds, Mediterranean Bank scaled down applications as follows: 1) Applications for Bonds having a nominal value up to [...]
