Lombard Bank Malta plc - Approval of Rights Issue

On 22 September 2023, Lombard Bank Malta plc published a Prospectus following regulatory approval in connection with a 2-for- 3 rights issue for a value of €45.4 million net of issue expenses. The salient details of the Rights Issue are as follows:

Amount Offered:

61,828,332 new ordinary shares

Offer Ratio:

2 new shares for every 3 shares held.

Rights Issue Offer Price:

€0.75

Use of Proceeds:

The net proceeds from the Rights Issue are principally earmarked to supplement the funding requirements for the Bank’s strategic objectives and to further strengthen its capital base with a view to ensuring that the Bank is well-positioned to meet the capital buffers required in terms of European banking regulations.

Rights Issue Period:

Thursday 28 September 2023 – Thursday 26 October 2023

Excess Share Offering Period:

Wednesday 1 November 2023 – Monday 27 November 2023

Listing:

Official List of the Malta Stock Exchange

Admission to Listing:

11 December 2023

Downloads:

Presentation to Financial Intermediaries dated 18 September 2023

Rights Issue Prospectus dated 20 September 2023

Fact Sheet dated 29 September 2023

Lapsed Rights & Excess Share Application:

If an entitlement to New Ordinary Shares is not validly taken up by noon on 26 October 2023, then such Rights will be deemed to have been renounced and will become Lapsed Rights. Any Lapsed Rights will be made available for subscription and shall be subject to an excess share application at the Rights Issue Price of €0.75, subject to a minimum application amount of 1,000 ordinary shares. In accordance with the Allocation Policy set out in Section 8.4 on page 89 of the Rights Issue Prospectus, the excess shares will be first made available to eligible shareholders for the rights issue who would have applied for excess shares. Thereafter, in the event of any remaining excess shares, these shall be made available for subscription to employees of the bank and its subsidiaries, the bank’s directors and MaltaPost plc shareholders, and to the public, in that order or preference.

Risk Factors:

Lombard Bank Malta plc is subject to a number of risks pertaining to the nature of its businesses. Prospective investors are urged to read the risk factors found in the rights issue Prospectus dated 20 September 2023. These are listed in Section 2 – “Risk Factors” of the Registration Document on pages 22 to 31 and Section 2 – “Risk Factors” of the Securities Note on pages 74 to 77. Copies of the Prospectus are available by email on request or from www.rizzofarrugia.com.

Disclaimer:

Prospective investors are urged to base any investment decision on all the information contained in the Prospectus. The value of investments may increase as well as decrease and past performance is not an indication of future performance. Prospective investors should consult an independent financial adviser for personal advice prior to participating in the Rights Issue.

Rizzo, Farrugia & Co. (Stockbrokers) Ltd is acting as Sponsor and Co-Manager for the Rights Issue of Lombard Bank Malta plc.

This webpage has been prepared based on the Prospectus dated 20 September 2023 issued by Lombard Bank Malta plc and no representations or guarantees are made by Rizzo, Farrugia & Co. (Stockbrokers) Ltd with respect to the accuracy of the data. This webpage is for information purposes only. It is not intended to be and should not be construed as an offer or solicitation to acquire or dispose of any of the securities or issues mentioned herein. Rizzo, Farrugia & Co. (Stockbrokers) Ltd accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this webpage.

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