FIMBank plc - Listing Status Confirmed

Thursday, May 22nd, 2014

On 21 May, FIMBank plc reiterated that the Listing Authority has accepted the Bank’s request to remain listed on the Malta Stock Exchange notwithstanding that the proportion of the class of ordinary shares in the hands of the public has fallen below the 25% threshold. Furthermore, the announcement explained that the Listing Authority has also indicated that should the level of shares in the hands of the public decrease to 17% as a result of the forthcoming rights issue (approved by shareholders at the Annual General Meeting held on 8 May 2014) this will not prejudice the Bank’s listing.

This approval is subject to the following conditions:

  • the Listing Authority expects that the Bank aims to increase the shares in public hands to the level of 25% at the first practical opportunity;
  • the acceptance of the lower threshold is without prejudice to any further measures that the Listing Authority may generally take with regard to listed companies not achieving the free float threshold set in Listing Rule 3.26.

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