Maltacom plc wishes to announce that yesterday, the Malta Communications Authority assigned it access for the rights of use of Radio Frequencies in the UHF Band for theDevelopment and Implementation of Digital Terrestrial Television (DTTV) Transmission Networks in Malta. Maltacom is expected to achieve nationwide coverage of its DTTV transmission within eighteen (18) months of [...]

The Treasury announced the issue of Lm40 million worth of Malta Government Stocks spread across two issues: (i) Lm25 million in the 5.7% MGS 2012 (III) which is on offer only by tender for a minimum of Lm50,000 at a minimum price of Lm108.50 for every Lm100 nominal and (ii) Lm15 million in the 5% [...]

The Board of Directors at Malta International Airport plc will be meeting on 24th May 2005 to consider and approve the financial results for the year ended 31st March 2005 and declare a final dividend.

The Government of Malta and the Central Bank of Malta announced that Malta has today joined ERM II. The Malta Lira is now 100% pegged to the Euro. Previously the Malta Lira was pegged to a basket of 3 currencies (the Euro, UK Sterling and US Dollar) with weightings of circa 70%, 20% and 10% [...]

The Board of Directors of Middlesea Insurance plc published the preliminary statement of annual results for 2004 following a meeting held on 29 April 2005. Total gross premiums written by the Middlesea Group increased by 2% in 2004 to Lm35.9 million. Progress Assicurazioni SpA remains the largest contributor to gross premiums and accounted for just [...]

On Wednesday 28 April Middlesea Insurance plc announced that it has reached an agreement with Corporacion Mapfre to acquire their 38.97% shareholding in Progress Assicurazioni Spa for a consideration whcih would not exceed Euro8.6 million. Middlesea already holds a 51% stake in this insurance company based in Sicily, with the balance held by Middlesea Valletta [...]

The Board of Directors of International Hotel Investments plc met on 27 April 2005 and approved the Preliminary Statement of Annual Results for 2004. During the twelve months ended 31 December 2004, Group turnover amounted to €46.62 million, an increase of 34.3% over the revenue in 2003. This increase in revenue is due to the [...]

During a meeting held on 28 April 2005, the Board of Directors of Bank of Valletta plc approved the financial results for the six months ended 31 March 2005. During the six-month period under review, which ended on 31 March 2005, the BOV Group generated a net interest income of Lm20.1 million. This represents a [...]

The Board of Directors of Simonds Farsons Cisk plc met on 27 April 2005 and approved the financial statements for the twelve months ended 31 January 2005. Turnover of the Farsons Group increased by 8.3% during the year ended 31 January 2005 to Lm26.8 million mainly as a result of the acquisition of Quintano Foods [...]