Mapfre Middlesea plc - Change in Shareholding

On 13 January, Middlesea Insurance plc announced that following the recent Rights Issue and the implementation of the agreed equalisation process between Bank of Valletta plc and Mapfre Internacional, the shareholding of both BOV and Mapfre exceeded the 30% threshold as from the 22 December 2009. In fact it was reported that BOV and Mapfre’s shareholding now amounts to 31.077% each.

The other major shareholder, Munich Re, has a 19.9% stake in Middlesea whiles the remaining shareholders now have a 17.9% shareholding in the insurance company.

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