MaltaPost plc - Investment in IVALIFE Limited

On 4 February 2021, MaltaPost plc announced that regulatory approval has been granted for the registration of IVALIFE Limited to carry out the business of life insurance. The shareholders of IVALIFE Ltd, who each hold 25% of the paid up and issued share capital are MaltaPost plc, APS Bank plc, Atlas Insurance PCC Ltd and Gasan Mamo Insurance Limited. MaltaPost noted that its involvement in this venture is a significant development which stands to benefit its stakeholders and the community at large.