Malta International Airport plc - Proposal for a Share Buyback Programme

On 16 January 2025, Malta International Airport plc announced that the Board of Directors has resolved to recommend to shareholders at the forthcoming Annual General Meeting (AGM) a proposal for the Company to put in place a share buyback programme.

The Company explained that the proposal will include a minimum purchase price per share of €3.00 and a maximum of €7.38. The total amount of shares that can be repurchased will amount to 1% of the total issued share capital, equivalent to 1,353,000 shares. Any shares repurchased will be cancelled.

MIA explained that if the Board’s recommendation is approved at the forthcoming AGM, then the programme will run from 1 June 2025 up to the AGM of 2026. The Board intends to seek annual approval for any extension of the programme at the AGM. Further details will be provided in an explanatory circular in advance of the AGM which normally takes place in May.