APS sets 3 for 11 Rights Issue at €0.44 per share

The MSE Equity Price Index fell by 1.17% to a nine-month low of 3,731.109 points as the declines in BOV, IHI, MIA, MPC, M&Z, and Farsons outweighed the gains in MaltaPost. Meanwhile, seven other equities closed unchanged as today’s trading activity amounted to €0.14 million. Download today’s Equity Market Summary.

Following the close of trading, APS Bank plc announced that subject to regulatory approval, it will be offering 3 new shares for every 11 ordinary shares held (3-for-11 rights issue), which shall have the same rights and entitlements to existing shares. The announcement stated that the rights issue price has been set at €0.44 per new ordinary share. This represents a discount of 43% to the net asset value of €0.775 per share as at 30 June 2025. APS explained that the Rights Issue will first be offered to shareholders as at the close of trading on Thursday 2 October 2025. Any shares not subscribed by eligible shareholders will be offered to the general public through an intermediaries’ offer, also at a price of €0.44 per share. APS reiterated that the process required to obtain regulatory approval for the Rights Issue is at an advanced stage, with the publication of the prospectus and relative application forms expected in the second half of October 2025.

Bank of Valletta plc shed 0.5% to the €1.85 level across four deals amounting to 4,871 shares.

International Hotel Investments plc decreased by 5.9% to the €0.45 level on a single trade of 1,000 shares.

Malta International Airport plc moved 0.8% lower to the €5.95 level on two deals amounting to 1,175 shares.

Malta Properties Company plc declined by 0.6% to the €0.34 level over three trades totalling 20,873 shares.

M&Z plc fell by 3.4% to the €0.57 level on two deals amounting to 17,250 shares.

Simonds Farsons Cisk plc moved 11.7% lower to the €4.90 level over 10 deals totalling 13,539 shares. Yesterday, the equity started trading without the entitlement of the cash interim dividend out of tax-exempt profits of €0.065 per share and also the dividend ‘in kind’ of €1.30 per share, which shall be settled through the distribution of the entire shareholding in Quinco Holdings plc to shareholders on a pro rata basis to the number of shares held in the company. The shares of Quinco Holdings plc are expected to be admitted to the Official List of the Malta Stock Exchange on 6 October, with trading to commence on 7th October. The cash dividend will be paid on 16 October 2025.

On the other hand, MaltaPost plc gained 1.0% to the €0.42 level over four trades amounting to 29,998 shares.

Meanwhile, the ordinary shares of RS2 plc held the €0.30 level on a single deal of 7,661 shares.

PG plc closed unchanged at the €1.84 level on two trades amounting to 7,500 shares.

BMIT Technologies plc traded flat at the €0.304 level as 20,000 shares changed hands.

HSBC Bank Malta plc closed unchanged at the €1.41 level on two trades amounting to 1,247 shares.

Hili Properties plc traded flat at the €0.24 level as 16,666 shares changed hands.

GO plc and FIMBank plc both held the €2.64 and USD0.115 levels respectively on trivial volumes.

The RF MGS Index increased for the second consecutive session as it rose by 0.17% to 909.937 points. Data released today showed mixed inflation data as France reported a softer than anticipated headline inflation figure of 1.1% in September compared to the 1.3% which was expected. Meanwhile, Germany and Italy reported headline inflation figures of 2.4% (the highest rate in 2025) and 1.8% respectively, which were both higher than forecasts. Various euro area countries experienced a slower decline in energy costs and higher services inflation.

 

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.