Bank of Valletta plc - Rejection of Appeal to Precautionary Warrant

On 20 July 2018, Bank of Valletta plc announced that the appeal to the precautionary warrant of €363 million instituted against it on 27 March 2018 has been rejected.  As such, while the bank remains convinced of the strength of its defences on the merits, it also noted that it shall be keeping the litigation in question under constant review and will also keep supervisory authorities and the market updated with any material developments.