04 DECEMBER 2002

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MIA share allocation policy announced

Considering the fact that the government has received over 4,700 applications for the recent Malta International Airport share issue of 13,530,000 ordinary shares in the newly privatised company, the government has announced it is ensuring that it delivers the widest distribution of shares possible in its allocation policy.

As such, the government has announced that applications for shares put forward by Malta Government Privatisation bondholders, through their conversion of MGP Bonds, and those of Malta International Airport employees will be met in full.

Meanwhile, applications sent by the General Public will be allotted according to the following allocation policy:

ß Applications submitted up to and including 15,000 shares will be met in full

ß Applications for over 15,000 Shares will be met as follows:

The first 15,000 Shares will be met in full

For the number of Shares applied for between 15,001 and up to 50,000 Shares – 60%

For the number of Shares applied for in excess of 50,000 Shares – 55%

Bank of Valletta, who were mandated to act as manager and registrar to the share offer, have advised that allotment letters and refund cheques of unallocated monies will be dispatched by 6 December.

The government has thanked the investing public for its support and the team of advisors for their effort and diligence to make the share offer a success.


Copyright © Network Publications Malta.
Editor: Saviour Balzan
The Business Times, Network House, Vjal ir-Rihan San Gwann SGN 07, Malta
Tel: (356) 21382741-3, 21382745-6 | Fax: (356) 21385075 | e-mail: editorial@networkpublications.com.mt