On 30 January 2018, the Malta Stock Exchange announced the admission to listing of the shares of Trident Estates plc (“Trident”). Trading in the shares of Trident is possible as from Wednesday 31 January 2018.
Trident Estates plc is the property company spun-off from Simonds Farsons Cisk plc (“Farsons”), following the declaration of an ‘in-kind’ net interim dividend of €1.2403667 per share by Farsons on 20 December 2017. As a result of the spin-off, shareholders of Farsons as at the close of trading on 19 December 2017 who duly completed and returned a share transfer agreement to Farsons by 19 January 2018 received the equivalent amount of shares held in Farsons also in Trident.
A copy of the Prospectus of Trident dated 18 December 2017 is available from here.