30 OCTOBER 2002

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Half of MIA share offer reserved for MGP bondholders

Malta Government Privatisation p.l.c. announced this week that half of the Malta International Airport’s share capital to be offered to the general public – a total of 20 per cent - will be offered to holders of Malta Government Privatisation Bonds, who will be able to exchange their bonds for the shares on offer.

The government recently announced its intention to sell a further 20 per cent of its shareholding in the Malta International Airport, following the recent sale of 40 per cent to the Malta Mediterranean Link Consortium, controlled by the Vienna International Airport.

Stakeholders in the Malta Government Privatisation Bonds, however, will be given first chance to purchase MIA stakes and will be given the chance to convert their bonds to a number of shares that will be reserved for them.

Only holders of bonds on the register of bondholders as at the close of business on 4 November will be eligible to participate in the offering of shares, up to the nominal value of bonds held by them, with preference over other applicants up to the limit of the reserved portion.

Full details of the terms of the offering of shares to Malta Government Privatisation Bondholders will be dispatched to all eligible holders.

 



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Editor: Saviour Balzan
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