APS to raise €45 million through a Rights Issue

The MSE Equity Price Index fell by 0.75% to 3,776.365 points as the declines BOV, GO, HSBC, MIA, and MPC outweighed the gains in Medserv and Farsons. Meanwhile, seven other equities closed unchanged as today’s trading activity amounted to €0.14 million. Download today’s Equity Market Summary.

APS Bank plc traded flat at the €0.53 level as 3,782 shares changed hands. Today, APS announced that it intends to raise about €45 million of new equity by way of a Rights Issue of new ordinary shares, subject to the due regulatory clearances which are currently in progress. APS explained that the proceeds are intended to strengthen its capital base and maintaining relevant regulatory requirements. APS stated that the process required to obtain regulatory approval for the Rights Issue is at an advanced stage and the publication of the Prospectus is expected in the first half of October 2025, which will be followed by the ordinary application process of the Rights Issue whereby eligible shareholders will be able to subscribe for their pro rata entitlements. Any shares not subscribed by eligible shareholders will be offered to the general public through an intermediaries’ offer.

PG plc held the €1.83 level on a single trade of 700 shares. Today, PG provided further details regarding the project being undertaken through the Group’s 60% shareholding in DB Gauci Shopping Mall Limited, which holds a promise-of-sale agreement for the temporary sub-emphyteusis of a property comprising a proposed shopping mall as well as car park spaces, which are all currently under construction on the site of the old Institute for Tourism Studies at St George’s Bay, St Julians. The company stated that it is appropriate to provide an update since the project reached a more advanced stage and there is the evident intention of the parties to enter into the final deed of sub-emphyteusis. PG explained that the project is expected to be finalised in 2026 and includes the development and eventual operation of a shopping mall accommodating a range of retail outlets, a PAVI-PAMA supermarket, various catering establishments, together with a car park facility designated for use by patrons. PG noted that this investment forms part of the Group’s growing portfolio of retail-centric destinations in Malta and is expected to contribute to the further strengthening of its property asset base and business.

The ordinary shares of RS2 plc closed unchanged at the €0.37 level on two deals totalling 4,000 shares.

VBL plc held the €0.185 level albeit over trivial volumes.

M&Z plc remained unchanged at the €0.59 level on a single trade of 1,590 shares.

Hili Properties plc traded flat at the €0.24 level across four deals amounting to 41,000 shares.

Harvest Technologies plc held the €0.70 level on two trades totalling 4,884 shares.

Bank of Valletta plc shed 1.1% to the €1.88 level across nineteen amounting to 32,664 shares.

Also in the banking sector, HSBC Bank Malta plc declined by 0.8% to the €1.32 level over six trades totalling 17,200 shares.

GO plc moved 0.7% lower to the €2.68 level across three deals amounting to 2,370 shares.

Malta Properties Company plc fell by 6.1% to the €0.34 level, albeit on trivial volumes.

Malta International Airport plc declined by 3.3% to the €5.80 level. Today, MIA announced that last week it bought 1,878 of its own shares at a weighted-average price of €5.99.

MedservRegis plc advanced by 2.8% to the €0.545 level across two deals totalling 5,300 shares.

Simonds Farsons Cisk climbed 0.8% higher to the €6.25 level.

The RF MGS Index fell by 0.08% to 909.658 points as sovereign bond yields remained volatile ahead of this week’s Federal Reserve monetary policy meeting. Meanwhile within the euro area, on Saturday Fitch Ratings has downgraded France’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘A+’ from ‘AA-‘ while the outlook was classified as stable.

 

This report contains only public information and is not to be construed as investment advice or an offer to buy or sell securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange.