During this morning’s Annual General Meeting, Mr Reinhold Schäffter, the Chairman of RS2 Software plc announced that the present CEO Mr Mario Schembri will be succeeding him as Chairman with effect from 1 January 2012. Mr Schembri will in turn be replaced by Mr Radi El Haj, who has been with the company for the past fifteen years and currently heads the business development team. During this morning’s AGM, shareholders approved all the items on the agenda including the net dividend of €0.032 per share which will be paid tomorrow. On the secondary market, the equity of RS2 edged minimally higher to regain the €0.50 level across eight trades totalling 45,000 shares.
Crimsonwing plc shares were active today for the first time in almost two months. Three deals totalling over 15,000 shares were transacted during this morning’s session with the share price easing 0.8% to a new 18-month low of €0.366. The IT Company is expected to publish its financial statements for the financial year ended 31 March 2011 by the end of July.
In the banking sector, the share price of Bank of Valletta plc slipped 1.1% lower to €2.719 on volumes of 10,237 shares. Meanwhile HSBC Bank Malta plc was inactive during this morning’s session while FIMBank plc dropped 3.8% to a new 64-month low of US$0.77 on a small trade of a mere 102 shares.
Grand Harbour Marina plc retreated by 0.6% back to €1.968 across two trades totalling 3,000 shares. The Company is scheduled to hold its Annual General Meeting on 28 June. On the other hand, MIDI plc edged 1.2% higher to regain the €0.44 level across 30,000 shares. However offers are already placed minimally lower at the €0.439 level.
The other three active equities during this morning’s session on the Borza, namely GO plc, MaltaPost plc and Plaza Centres plc all closed unchanged.
The MSE Share Index dropped by 0.33% to 3,365.023 points. On the bond market, various Malta Government Stocks and corporate bonds were active.