HSBC Bank Malta plc - Update on Information Disclosure

On 25 March 2025, HSBC Bank Malta plc announced that following the Extraordinary General Meeting held on Thursday 13 February 2025 in which shareholders approved a resolution to allow the company to furnish and disclose information in connection with a potential transaction involving its majority shareholder, HSBC Bank Malta plc signed a confidentiality agreement with HSBC Continental Europe (the prospective transferor) on 24 February 2025.

HSBC Bank Malta plc also stated that it is in the process of signing confidentiality agreements with a number of prospective offerors and will be proceeding to furnish information in confidence to them.  HSBC Bank Malta plc has been informed by HSBC Holdings plc that there is no preferred offeror and that the process remains at an early stage. The Bank explained that any potential transaction would require regulatory approval from both the MFSA and the European Central Bank, a process that would be expected to take several months from entry into any binding agreement.  HSBC Holdings plc has confirmed that it remains committed to supporting HSBC Bank Malta plc, its customers, and its employees throughout this process.