MaltaPost plc, Lombard Bank Malta plc - Lombard to increase majority stake

On 25 October, MaltaPost plc announced that its largest shareholder, Redbox Limited (a fully owned subsidiary of Lombard Bank Malta plc) intends to increase its stake in the postal operator from the current 67.72% to not more than 74.5%. However, the announcement failed to disclose the way in which the majority shareholder intends to increase its shareholding. This would equate to a maximum amount of 2.2 million shares based on the current issued share capital.

Lombard Bank Malta plc also issued a similar announcement via the Malta Stock Exchange.