Malita Investments plc - Extraordinary General Meeting

On 14 November 2023, Malita Investments plc announced that it has convened an extraordinary general meeting to be held on Thursday 14 December 2023 to consider and approve the following resolutions:

Extraordinary Resolution 1: To grant the Board of Directors authorisation to give effect to a rights issue and subsequently issue and allot the new ordinary shares.

Malita is proposing that:

  • The Board of Directors can give effect to a rights issue and subsequent issue and allotment of new shares as and when deemed appropriate at their sole discretion.
  • Determine the allocation policy for any shares which are not subscribed to by eligible shareholders.
  • Carry out all actions and execute such documents as may be required to give effect to the rights issue.

Extraordinary Resolution 2: Redesignate and increase its authorised share capital.

Malita is proposing that its authorised share capital is redesignated from 150 million Ordinary ‘A’ shares (nominal value of €0.50) and 50 million Ordinary ‘B’ shares (nominal value of €0.50) to 250 million Ordinary shares with a nominal value of €0.50. As a result, the authorised share capital will increase from €100 million to €125 million.

Extraordinary Resolution 3: Redesignate the issued share capital.

Malita is proposing that its issued share capital be redesignated from 118.1 million Ordinary ‘A’ shares and 30,000,000 million Ordinary ‘B’ shares to 148.1 million Ordinary shares.

Extraordinary Resolution 4: Amend the Company’s memorandum and Articles of Association.

Malita is proposing a new Memorandum and Articles of Association be issued to reflect the previous resolutions. The recommended changes to the Memorandum and Articles of Association will be vetted and approved by the Malta Financial Services Authority in anticipation of the Extraordinary General Meeting.

Malita shareholders as at close of trading on 10 November 2023 will be eligible to vote in the upcoming Extraordinary General Meeting.