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News & Events

Mar 22, 2012



GlobalCapital plc - Board Meeting

Thursday, March 22nd, 2012

On 21 March, GlobalCapital plc announced that its Board of Directors is scheduled to meet on Friday 23 March 2012 to consider and approve the Company’s financial statements for the financial year ended 31 December 2011.

Bank of Valletta plc - Details of New Notes Issue

Tuesday, March 20th, 2012

Following last week’s announcement, on 20 March 2012 Bank of Valletta plc (BOV), issued the final terms with respect to the second series of Notes being offered under the Bank’s €125 million Debt Issuance Programme. Copies of all relative documentation, including the Prospectus, the Supplements as well as the Final Terms, are available for download [...]

Corinthia Finance plc - Bond Issue Oversubscribed

Tuesday, March 20th, 2012

On 20 March, Corinthia Finance plc announced that its issue of €7.5 million 6% Bonds 2019 – 2022 has been oversubscribed through subscriptions from existing bondholders of the maturing 6.75% bonds. Therefore, the Intermediaries offer will not be held. The Company will be announcing its allocation policy by not later than 29 March.  

GO plc - Full-Year Results

Friday, March 16th, 2012

On 16 March, GO plc published its 2011 full year financial statements. Despite the tough competitive telecommunications market and the extensive regulations in Malta which had a substantial impact on the mobile business, overall Group turnover was only marginally lower at €131.6 million. GO explained that the reduction in revenue from the mobile business and [...]

Lombard Bank Malta plc - Full-Year Results

Thursday, March 15th, 2012

On 15 March, Lombard Bank Malta plc published its results for the year ended 31 December 2011. The Group reported a drop of 11.7% in net interest income to €14.18 million (2010: €16.07 million) due to the continued pressure on interest margins. Net fee and commission income for the Group declined by 10.6% to €1.992 [...]

Island Hotels Group Holdings plc - Interim Directors’ Statement

Thursday, March 15th, 2012

On 14 March, Island Hotels Group Holdings plc (IHG) published its Interim Directors’ Statement updating the market on its performance since the start of the current financial year on 1 November 2011. The announcement confirmed the Directors’ expectations (expressed earlier this year in connection with the 2010/11 full-year results publication) that the current financial year [...]

GAP Developments plc - Bond Repurchase

Wednesday, March 14th, 2012

On 14 March 2012, GAP Developments plc announced that during the month of February it repurchased €368,633 (nom) of its 7% Secured bonds 2011-2013 as permitted in the Prospectus dated 21 March 2007. The Company explained that these bonds were repurchased from bondholders and subsequently cancelled. Following this buy back, the total amount of outstanding [...]

AX Investments plc - Bond Repurchase

Tuesday, March 13th, 2012

On 13 March 2012, AX Investments plc announced that it repurchased €282,449 (nom) of its 4% bonds 2013 as permitted in the Prospectus dated 28 November 2006. The Company explained that these bonds were repurchased from bondholders and subsequently cancelled. Following this buy back, the total amount of outstanding bonds has been reduced to €1.88 [...]

FIMBank plc - Information re Massaleh Investments & Burgan Bank

Tuesday, March 13th, 2012

On 13 March, FIMBank plc announced that its largest shareholder, Massaleh Investments K.S.C.C., has granted Burgan Bank S.A.K. the right to acquire its holding in the Bank of 52,948,867 shares, which is equivalent to 38.8% of FIMBank’s issued share capital. Burgan Bank, established in 1977, is a Kuwaiti based bank with total assets of €12.5 [...]

Bank of Valletta plc - Issue of Second Series of Notes

Tuesday, March 13th, 2012

On 13 March, Bank of Valletta plc announced that following approval by the Listing Authority, it will be issuing the second series from its €125 million Debt Issuance Programme launched last year. During 2011, BOV had issued a total of €55.4 million in Notes under this programme. The second tranche will consist of a maximum [...]