News & Events

Nov 10, 2017


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Simonds Farsons Cisk plc - Deferment of Property Spin-Off

Friday, November 10th, 2017

On 10 November 2017, Simonds Farsons Cisk plc revealed that following yesterday’s Company Announcement about the Planning Authority’s indication that it might reject the granting of a permission for the development of Trident Park, the Board of Directors of Farsons has now decided to put into abeyance the plan to spin-off the Company’s shareholding in […]

Malta International Airport plc - Interim Directors’ Statement

Friday, November 10th, 2017

On 10 November 2017, Malta International Airport plc (“MIA”) published an Interim Directors’ Statement updating the market on its financial performance since the start of the year. The Directors noted that during the nine-month period under review, the financial position of the Company has remained sound and that its performance has been superior to the […]

HSBC Bank Malta plc - Transfer of Insurance Portfolio

Friday, November 10th, 2017

On 9 November 2017, HSBC Bank Malta plc announced that its wholly-owned life assurance subsidiary – HSBC Life Assurance (Malta) Limited (“HLA”) – entered into a Portfolio Transfer Agreement with Lombard International Assurance S.A. (“LIA”) for the sale of HLA’s policies of insurance governed by the Wealth Insurance Italy portfolio. This insurance portfolio forms part […]

Simonds Farsons Cisk plc - Trident Park Development

Thursday, November 9th, 2017

On 9 November 2017, Simonds Farsons Cisk plc announced that the Board of the Planning Authority voted against the recommendation of the Planning Directorate for the approval of a permit related with the creation of a business park along Mdina Road, Mriehel. The development was earmarked to complement the rehabilitation of the Old Brewhouse that […]

Malta International Airport plc - October Traffic Results

Wednesday, November 8th, 2017

On 8 November, Malta International Airport plc published the October 2017 traffic results revealing a 15.4% increase in passenger movements over October 2016 to 596,648 movements – a record for the month of October. The growth registered in October 2017 was due to the 16.4% increase in seat capacity. Summer Season October also marks the […]

MIDI plc - Manoel Island Master Plan

Thursday, November 2nd, 2017

On 2 November 2017, MIDI plc revealed its revised master plan for the restoration and redevelopment of Manoel Island. This master plan has been submitted to the Planning Authority (PA) for its consideration and to the Environmental and Resources Authority (ERA) for Environmental Impact Assessment evaluation. A period of public consultation will now commence with both the PA […]

Virtu Finance plc - Details of New Bond Issue

Thursday, November 2nd, 2017

On 2 November 2017, Virtu Finance plc published a Prospectus for the issuance of €25 million 3.75% unsecured bonds maturing in 2027. The salient details of the new bond issue are as follows: Coupon: 3.75% Amount Offered: €25 million Issue Price: 100% (par) Interest Payment Date: Annually on 30 November (first interest payment date is 30 […]

International Hotel Investments plc - Interim Directors’ Statement

Wednesday, November 1st, 2017

On 1 November 2017, International Hotel Investments plc issued an Interim Directors’ Statement updating the market on its performance since 30 June 2017. The Company explained that it is on course to register a record operating profit for the twelve-month period ending 31 December 2017 on the back of solid underlying performances of all of […]

Malta International Airport plc - New Concession Agreement

Wednesday, November 1st, 2017

On 1 November, Malta International Airport plc announced that it recently signed a new concession agreement with Dufry, the world’s leading travel retailer, for the operation of the terminal’s duty free store on Level 1 covering the period between January 2019 and December 2026. The signing of this agreement set in motion works in preparation for the embellishment and […]