DOCSLIB.ORG

GO Snatches Melita TV Rights Purchaser

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
GO Snatches Melita TV Rights Purchaser Newspaper post €0.65 / 28c Business Today WEDNESDAY 23 July 2008 - ISSUE NO. 545 Interview: Pre-budget document welcomed Editorial: Transport strike Mario De Marco with caution – lessons to be learnt Page 4 Page 6 Page 7 www.businesstoday.com.mt World Business Highlights GO snatches Melita Wachovia Reports Record $8.9 Billion Loss, Slashes Payout, Cuts 6,350 Jobs Wachovia Corp., the U.S. bank that hired Treasury Undersecretary Robert Steel as chief TV rights purchaser executive officer two weeks ago, reported a record quarterly loss of Charlot Zahra negotiation of TV rights for the not confirm the move. based equity firm GMT Group $8.9 billion, slashed the dividend and competition. She is flanked by “She is not a public figure, Communications Partners last year. announced 6,350 job cuts. The stock The move of the person who used Jack Mizzi, GO’s content manager, therefore we will not disclose The impact of Dandria’s move slumped as much as 10 percent in to negotiate the TV rights for Melita who is responsible for local sports the terms and conditions of her to GO on the sporting rights New York trading. Cable to arch-rival telecoms opera- acquisitions. employment,” he told Business acquisition market is yet to be tor GO a few months ago has been Dandria joined Melita way back in Today. He said it was “normal” for ascertained, however, it is known Fannie, Freddie Rescue May Cost kept hush-hush by both operators. June 1991 when the cable company, employees in the telecoms sector, that GO have managed to eat away Taxpayers $25 Billion, Budget Office Says Treasury Secretary Henry Business Today has learnt that had just started its operations in like in any other activity, to switch some of the TV rights which were Paulson’s rescue package for Fannie Michele Dandria left Melita Cable Malta and had not even started from one company to the other. held traditionally held by Melita, Mae and Freddie Mac will probably last year after sixteen years at the offering its services to customers. Sources told Business Today that a particularly the English FA Cup and cost $25 billion, the Congressional company as programming and When Business Today contacted “significant” number of employees the matches of the British national Budget Office said. acquisition manager. Dandria for her comments about the had left Melita and joined GO football team. She has now joined GO as product matter, we were instead contacted after the arrival of the company’s Crude Oil Falls as Storm Forecast manager TV, responsible for the by a GO spokesperson, who would new majority shareholders, UK- [email protected] to Miss Gulf of Mexico Production Areas Crude oil fell to the lowest in more than six weeks on forecasts that a tropical storm in the Gulf of Mexico will miss oil fields and refineries, BWA licences may be easing concern that supplies will be disrupted. revoked, MCA warns Assured Guaranty Plunges, Bond Risk Soars on Moody’s Review for Downgrade Assured Guaranty Ltd. plunged and the cost to protect Charlot Zahra the licence conditions which may against a default by the bond insurer include the suspension or revocation and Financial Security Assurance of the licence on the basis of serious Holdings Ltd. rose to a record after The Malta Communications Author- and repeated breaches,” the MCA Moody’s Investors Service said it may ity (MCA) is not excluding suspend- spokesperson warned. cut their Aaa ratings. ing or revoking the licences of the Asked what concrete action the broadband wireless access operators MCA is taking to ensure that the two UAL’s United Airlines Boosts Planned Job Cuts to 7,000 as Fuel (BWA) for not having rolled out their operators abided by the conditions of Costs Surge UAL Corp.’s United services despite being given a licence their respective licences, the MCA Airlines, the world’s second-largest to do so three years ago. spokesperson said: “Following public carrier, said it will cut more than In 2007, Vodafone Malta Limited consultation last year, a regulatory 7,000 jobs by the end of 2009 to stem rolled out their broadband wireless decision dated 18 October 2007 was losses from record fuel bills. access services according to their taken to establish the mechanism licence obligations. However, the and quantum of administrative fines FTSE 100 other two BWA licence holders, to be imposed on licensees that Cellcom Limited and GO Mobile, failed to comply with their rollout- have still not started the rollout of obligations. This decision was not their respective services. contested. Asked by Business Today whether “On the basis of this decision, the MCA was contemplating the daily fines are being imposed on removal of the assignment of the Cellcom Limited and Mobisle frequency spectrum to the two Communications Limited,” companies and issue another call for the authority’s spokesperson applications for companies interested told Business Today. “A daily in offering the service, an MCA administrative fine of €127.63c has spokesperson said: “Both companies been imposed, effective as from 1 Inside have now informed the MCA that August 2007, on both companies they will endeavour to comply with and fines are being paid. These The Attractiveness their rollout obligations before their fines are to run until such time as of Malta for Foreign next rollout coverage date. MCA is satisfied that the companies “If either of the said companies have complied with their respective Investments do not demonstrate that they obligations.” Last week, 72 executives of foreign are complying with their rollout Finally, the MCA did not mince its owned companies based in Malta obligations, the MCA may consider words on its stance on the occupation taking other measures in line with of finite public frequency page 3 were invited by Ernst & Young to participate in a survey to identify what makes Malta attractive as an Markets investment country. Page 6 Security Closing Prices in Euro Closing Prices in Euro % Change Tue 15-July-08 Tue 22-July-08 from previous wk Bank of Valletta p.l.c. 4.670 4.660 -0.214% Dodge Citi HSBC Bank Malta p.l.c. 3.800 3.830 0.789% Like something out of the old Lombard Bank p.l.c. 2.900 2.900 0.000% Middlesea Insurance p.l.c. 3.340 3.340 0.000% American Wild West the Banking and Simonds Farsons Cisk p.l.c. 2.800 2.830 1.071% Financial sector has had to endure GO p.l.c. 2.598 2.500 -3.772% International Hotel Investments p.l.c. 1.049 1.050 0.095% an ‘OK Corral’ type shoot-out since Plaza Centres p.l.c. 1.730 1.730 0.000% Malta International Airport p.l.c. 3.062 3.120 1.894% the end of last year with much blood GlobalCapital p.l.c. 2.500 2.500 0.000% being spilt. But have the bullets now Datatrak Holdings p.l.c. 0.291 0.291 0.000% San Tumas Shareholdings p.l.c. 2.562 2.562 0.000% stopped being fired? Mark Lamb Medserv p.l.c. 3.990 3.990 0.000% Grand Harbour Marina p.l.c. 2.100 2.250 7.143% discusses. Crimsonwing p.l.c. 0.530 0.530 0.000% Page 10 MaltaPost p.l.c. 0.810 0.800 -1.235% RS2 Software p.l.c. 0.815 0.815 0.000%.
Load more

Recommended publications
  • Under the Microscope 2018
    Under the Microscope A Review of the Maltese Banking Sector for Financial Year 2017/2018 December 2018 kpmg.com.mt Welcome to the fourth edition of Under the Microscope. Under the Microscope remains a one of a kind publication, dedicated towards providing an analysis of the performance of local banks over the last financial period together with a range of insightful articles developed in-house by local KPMG thought leaders. In fact, in this year’s publication one will find an array of thought leadership pieces, aimed at stimulating one’s mind with a view to generating an element of thought and consideration to an ever evolving financial services industry which is now, more than ever, driven by regulatory and technological innovation. FinTech and Regtech today are still in their infancy, despite these buzzwords thrown left, right and centre. In this publication we really seek to explore how the financial services industry has shifted, and how we can expect to be able to change in line with the new landscape we are all currently living. Across the publication, readers will also find a number of QR codes which will provide the user with a visual explanation and representation of the content of the respective article, provided directly by the thought leaders themselves. We encourage readers to make use of this functionality. We trust you find this edition as interesting and of value to read as it was for us to prepare. Sincerely, Mark, Tonio and Noel Noel Mizzi Tonio Zarb Mark Curmi Partner Senior Partner Director Audit Services KPMG in Malta
    [Show full text]
  • Museums the Winning Entry, the Event Being Open to Painters (Period Covered: Under 45 Years
    72 During the month of September, the Museum of Fine Arts organised a very successful second edition of the Teacher's Whisky Art Award- a prize of Lm500 to Museums the winning entry, the event being open to painters (Period covered: under 45 years. With the collaboration of the Italian 1st January, 1993 to 31st December, 1993) Cultural Institute, an exceptionally fine collection of Italian graphics of the second half of the 20th Century was held in the Salon of the Auberge de Provence. Equally memorable were two collections of Ganni Fenech and Joseph M. Borg Xuereb- two pioneers of MUSEUM OF FINE ARTS Maltese contemporary art. On the occasion of the second event, the Museum of Fine Arts published an Through its annual programme of exhibitions, held illustrated monograph with an essay by Mr Dominic in the galleries of the Museums Department (Annex I), Cutajar, Curator of Fine Arts, entitled Joseph M. Borg the Museum of Fine Arts continued to make a · Xuereb and the renewal of Maltese vernacular aesthetics. considerable contribution to the art and culture of Malta The event was intended to be a tribute to an artist and which among other benign effects, has served as an man of culture whose contribution and inspiration -in encouragement for other galleries and budding art very difficult times- has rarely been acknowledged. centres to develop in various parts of Malta and Gozo. The exhibitions run by the Museums Department, not The Salon of the Auberge de Provence continued to only enrich the character of the country's <;ulture and prove a popular and attractive venue both for large-scale foster a deeper awareness among those with an interest cultural events and social occasions.
    [Show full text]
  • Annual Report 2012 a T 17 MAL 1 151 T 1 Fice
    LOMBARD BANK Lombard Bank Malta p.l.c. Annual Report 2012 Lombard Bank Malta p.l.c. Head Office 67 Republic Street Valletta VLT 1117 MALTA 2012 Tel: 25581117 Fax: 25581151 e-mail: [email protected] www.lombardmalta.com ANNUAL REPOR T HEAD OFFICE 67, Republic Street, Valletta VLT 1117 MALTA. Tel: 25581117 Fax: 25581151 e-mail: [email protected] www.lombardmalta.com ANNUAL REPORT 2012 Contents Chairman’s Statement to the Members 3 Chief Executive Officer’s Review of Operations 5 Directors’ Report 8 Statement of Compliance with the Principles of Good Corporate Governance 12 Remuneration report 19 Company Information 21 Independent Auditor’s Report to the Members of Lombard Bank Malta p.l.c. 24 Financial Statements: Statements of Financial Position 28 Income Statements 30 Statements of Comprehensive Income 31 Statements of Changes in Equity 32 Statements of Cash Flows 36 Notes to the Financial Statements 37 Additional Regulatory Disclosures in terms of Appendix 2 of Banking Rule BR/07 121 Five Year Summaries 149 Chairman’s Statement to the Members Notwithstanding the signs of an easing of the European the interest income we receive on our excess liquidity is only debt crisis, the past year remained a challenging one very marginal. Another principle we rigorously follow is that, which Lombard Bank Malta p.l.c. (the “Bank”) closed in as part of our Treasury operations, we employ our excess a fundamentally strong position. The result registered is funds only with first class counterparties even though these considered by the Board of Directors to be very satisfactory – pay very low rates of interest.
    [Show full text]
  • PRESS RELEASE Basic Payment Account – Your Right to Basic
    PRESS RELEASE Basic Payment Account – Your right to Basic Banking Services Citizens legally residing in Malta have the right to open a basic payment account, for personal use, in a number of Maltese banks. Banking services are today considered as essential and consumers depend upon access to modern payment services. The right to open a basic payment account seeks to eliminate financial exclusion being experienced at EU level. In line with the Payment Accounts Regulations, enacted through Legal Notice 411 of 2016, the Malta Financial Services Authority (MFSA) is ensuring that this right is enjoyed by all persons legally resident in Malta or another EU Member State and is striving to achieve this objective two-fold: it is communicating directly with the banks to ensure that citizens’ rights are respected when it comes to payment accounts with basic features. Concurrently, in line with its obligations to raise awareness among the public about the availability of payment accounts with basic features, the MFSA has launched an educational campaign on the features of this account. Dr Michelle Mizzi Buontempo, Head of the Conduct Supervisory Unit remarked that “the MFSA is committed towards taking the necessary steps to ensure that the legitimate expectations of customers making use of banking services are promoted and protected. The Authority’s efforts are intended to safeguard the right to access basic banking services thus ensuring that Malta’s growth in this sector is truly enjoyed by all sectors of the population”. A payment account with basic features allows consumers to: • deposit funds • withdraw cash at the counters of the bank or at ATMs in Malta, Gozo and other EU Member States • pay by direct debits within the European Union • effect payments with a debit card, including online payments • receive and order credit transfers • set-up standing orders Persons with no fixed address, refugees, stateless persons and asylum seekers can also apply for a payment account with basic features.
    [Show full text]
  • The Malta Philatelic Society
    11 ~ 1966-2016 ~ .(tnnt\l~~ Journal of THE MALTA PHILATELIC SOCIETY Vol45/2 August 2016 THE MPS JOURNAL Silver STOCKHOLM 1986 Silver PORTLAND USA 2007 Silver CHICAGOPEX 2002, 2004, 2005, 2011 Silver NIPPON 2011 -Silver INDONESIA 2012 Silver AUSTRALIA 2013 - Silver THAILAND 2013 Silver SINGAPORE 2014 - Silver GREECE 2015 Silver NEW YORK 2016 Members of Federation lnternationale de Philatelie F. I. P. Commissioner [email protected] http://www.sliemastampshop.eom.mt/MaltaPhilatelicSociety Vol. 45/2 50th Anniversary August, 2016 2016 Committee President & Chev. Dr. A. Bonnici MD, MA(Melit) FRPSL, KM , UOM Journal Editor: (Tel: 2133 8437,9949 5066), [email protected] 34 "Casa Bonnici", Sir Augustus Bartolo Street, Ta ' Xbiex, XBX 1093, Malta. Vice President Mr. John V. De Battista (Tel: 2141 1919) 46, Triq Dun Gwann Pullicino, Mosta MST 2703 debfami ly@ hotmail.com Secretary/ Treasurer Mr. John A. Cardona (Te l: 2189 2141 , 9983 6966) 56, Triq Santa Marija, Tarxien, TXN 1703, Malta. johnacardona@ gmail.com Liaison with Malta Study Circle UK: Mr. H. Wood (Tel: 2133 0336)- [email protected] Members: Mr. C. Bonello (Te l: 2137 3362)- [email protected] Mr. A. Camilleri (Tel: 2 138 0 113)- [email protected] Mr. J. C. Camilleri (Tel: 2143 6090 ,7931 7436)- [email protected] Mr. A. Caruana Ruggier (Tel: 2124 35 18)- [email protected] Mr. C. Mejlaq (Tel: 2149 8069,7973 4088)- [email protected] Mr. John Micallef (Tel: 2143 3545,9943 2945)- [email protected] Mr. C. Navarro (Tel: 2168 2448, 7930 9698)- [email protected] Overseas Rep: Mr. Chri s Howe, Sandringham Gardens, Fishtoft, Boston Lines PE21 9QA, UK chri [email protected] Mr.
    [Show full text]
  • L-Istrina 2011
    L-ISTRINA 2011 Report and Statement of Income and Expenditure by The Malta Community Chest Fund on L-Istrina 2011 The statement of income and expenditure has been audited by L-Istrina 2011 Report and Statement of Income and Expenditure Pages Legal and administrative information 1 - 2 Report of the secretary to the Board of The Malta Community Chest Fund 3 - 6 Independent auditor’s report 7 Statement of income and expenditure 8 Notes to the statement of income and expenditure 9 -10 2 L-Istrina 2011 Report and Statement of Income and Expenditure Legal and administrative information The L-Istrina event falls under the direct responsibility of The Malta Community Chest Fund, whose registered office is situated at the President’s Palace Valletta and whose Board Members are the following: Chairperson H.E. Dr George Abela Deputy Chairperson Mrs Margaret Abela Secretary Ms Darleen Zerafa Treasurer Mr Harry Fenech Assistant Treasurer Mr Ian Azzopardi Public Relations Officer Ms Marica Mizzi Assistant Public Relations Officer Mr Josef Camilleri Appointed members Dr Andrew Azzopardi Mr Joseph Borg Galea Mr Remigio Bartolo (resigned 4 September 2012) Ms Sonia Camilleri Mr Anthony Fenech Ms Christina Galea Curmi Mr Joe Gerada Ms Anne Grech Mr Alfred Mangion Dame Blanche Martin Mr Franco Masini Mr Charles Messina Mr Ronnie Micallef Dr Dione Mifsud Mr Andrew Psaila Mr Godfrey Testa Dr Antoine Vella Representative members Mr Victor Carachi Mr Mario Spiteri Mgr Carmelo Farrugia Mr Ryan Mercieca Ms Connie Carabott Mr Joseph M. Camilleri Ms Joyce Grech Ms
    [Show full text]
  • Melita Capital
    This document is a prospectus issued in accordance with the provisions of Chapter 17 of the Listing Rules issued by the Listing Authority and in accordance with the provisions of Commission Regulation (EC) No. 809/2004 of 29 April 2004 implementing Directive 2003/71/ EC of the European Parliament and of the Council as regards information contained in a prospectus as well as the format, incorporation by reference and publication of such prospectuses and dissemination of advertisements. This document contains information about Melita Capital plc (the “Issuer”), as well as information about the securities in respect of which application has been made for admission to trading on the Second Tier Market of the Malta Stock Exchange. Dealing is expected to commence on 20 October 2009. Prospectus dated 4th September 2009 by Melita Capital plc A PUBLIC LIMITED LIABILITY COMPANY REGISTERED IN MALTA WITH COMPANY REGISTRATION NUMBER C-47318 in respect of an issue of €25,000,000 7.15% Bonds 2014-2016 of a nominal value of €100 per Bond issued at par, or, in the case of exercise of the Over-allotment Option, €30,000,000 7.15% Bonds 2014-2016 of a nominal value of €100 per Bond issued at par. Due 30th September 2016 APPLICATION HAS BEEN MADE TO THE MALTA STOCK EXCHANGE FOR THE BONDS TO BE LISTED AND TRADED ON ITS SECOND TIER MARKET ONCE THE BONDS ARE AUTHORISED AS ADMISSIBLE TO LISTING BY THE LISTING AUTHORITY. THE SECOND TIER MARKET IS A MARKET DESIGNED PRIMARILY FOR COMPANIES TO WHICH A HIGHER INVESTMENT RISK THAN THAT ASSOCIATED WITH ESTABLISHED COMPANIES TENDS TO BE ATTACHED.
    [Show full text]
  • Lombard-Bank-Malta-Plc..Pdf
    HEAD OFFICE 67, Republic Street, Valletta VLT 1117 MALTA. Tel: 25581117 Fax: 25581151 e-mail: [email protected] www.lombardmalta.com ANNUAL REPORT 2013 Contents Chairman’s Statement to the Members 3 Chief Executive Officer’s Review of Operations 5 Directors’ Report 9 Statement of Compliance with the Code of Principles of Good Corporate Governance 13 Remuneration Report 21 Company Information 23 Independent Auditor’s Report to the Members of Lombard Bank Malta p.l.c. 26 Financial Statements: Statements of Financial Position 30 Income Statements 32 Statements of Comprehensive Income 33 Statements of Changes in Equity 34 Statements of Cash Flows 38 Notes to the Financial Statements 39 Additional Regulatory Disclosures in terms of Appendix 2 of Banking Rule BR/07 131 Five Year Summaries 155 Chairman’s Statement to the Members Notwithstanding the challenging operating environment Preserving the Bank’s financial strength in the best interests prevailing during 2013, Lombard Bank Malta p.l.c. (the of all stakeholders remained the primary concern of the ‘Bank’) turned in a satisfactory performance. Domestic market Board of Directors during the year under review. The capital conditions were characterised by increased competition for base was further strengthened, with a capital adequacy ratio customer deposits in a generally low-interest rate setting of 19%, compared to a regulatory minimum of 8%, while and by subdued credit growth, such that interest margins shareholders’ funds increased to €77.8 million. This strong remained under pressure throughout. This was compounded capital position continued to be accompanied by a high by the impact of a regulatory regime that has become more level of liquidity, reflected in two important indicators: the stringent with regard to the grading of loans, provisioning liquidity ratio, which at 87.4% was well above the required and dividend distribution.
    [Show full text]
  • Lombard Bank Malta Plc Investor Fact Sheet – December 2016
    Lombard Bank Malta plc Investor Fact Sheet – December 2016 PROFILE: Lombard Bank Malta plc was registered in Malta as a limited liability company in May 1969. Until 1975, it was entirely owned by Lombard North Central plc – then part of the UK Natwest Banking Group. In April 1994, the Bank’s shares were admitted to the Official List of the Malta Stock Exchange. Today, Lombard’s largest shareholder is the Cypriot bank Cyprus Popular Bank Public Company Ltd. (CPB), which holds 48.4% of Lombard Bank. Currently, CPB is going through a winding-down process as part of the country’s banking sector restructuring. However, QUICK FACTS: Lombard Bank has always operated and been managed independently of ISIN: MT0000040106 its major shareholder. Ticker: LOM Currency: EURO (€) Lombard Bank is licensed as a credit institution under the Banking Act, No. of 1994 and is an authorised currency dealer and financial intermediary. It Shares in 44,177,914 also holds a Category 2 Investment Services licence issued by the Malta Issue: Financial Services Authority (MFSA) in terms of the Investment Services Market Cap.: €101.6 million Act, 1994. The Bank is a member of the Malta Stock Exchange (MSE) for Nominal €0.25 the purpose of carrying out stockbroking services on the MSE and also a Value: member of the Depositor Compensation Scheme and the Investor Official List – Malta Stock Listing: Compensation Scheme. Exchange The Bank’s network consists of 7 branches which provide an extensive Main • MaltaPost plc (70.32%) Subsidiaries: (through Redbox Limited) range of personal, business and international banking services.
    [Show full text]
  • Annual Report 2014 a T 17 MAL 1 151 T 1 Fice
    LOMBARD BANK Lombard Bank Malta p.l.c. Annual Report 2014 Lombard Bank Malta p.l.c. Head Office 67 Republic Street Valletta VLT 1117 MALTA 2014 Tel: 25581117 Fax: 25581151 e-mail: [email protected] www.lombardmalta.com ANNUAL REPOR T WorldReginfo - 3900c6d7-d373-4968-9b70-2fb5c0b91527 WorldReginfo - 3900c6d7-d373-4968-9b70-2fb5c0b91527 HEAD OFFICE 67, Republic Street, Valletta VLT 1117 MALTA. Tel: 25581117 Fax: 25581151 e-mail: [email protected] www.lombardmalta.com ANNUAL REPORT 2014 Contents Chairman’s Statement to the Members 3 Chief Executive Officer’s Review of Operations 5 Directors’ Report 10 Statement of Compliance with the Principles of Good Corporate Governance 14 Remuneration Report 22 Company Information 24 Independent Auditor’s Report to the Members of Lombard Bank Malta p.l.c. 27 Financial Statements: Statements of Financial Position 32 Income Statements 34 Statements of Comprehensive Income 35 Statements of Changes in Equity 36 Statements of Cash Flows 40 Notes to the Financial Statements 41 Additional Regulatory Disclosures 131 Five Year Summaries 163 WorldReginfo - 3900c6d7-d373-4968-9b70-2fb5c0b91527 WorldReginfo - 3900c6d7-d373-4968-9b70-2fb5c0b91527 Chairman’s Statement to the Members The performance of Lombard Bank Malta p.l.c. (the Bank) Bank set aside in impairment allowances €0.5 million more during 2014 was conditioned by the persistence of historically than it did in 2013, raising its charge for the year to €4.6 low interest rates combined with subdued credit growth, on million, resulting in a net profit before tax of €4.9 million. the one hand, and by an increasingly restrictive and costly regulatory regime, on the other, which together made for a The Bank’s subsidiary MaltaPost p.l.c.
    [Show full text]
  • Postal Diary 16 July 2007-9 December 2007 by Joseph Fenech
    Postal Diary 16 July 2007-9 December 2007 by Joseph Fenech 20 July 2007 The 400th anniversary of Caravaggio's arrival in Malta was commemorated philatelically by Maltapost plc with a stamp issue on Friday, 20 July 2007. The set of stamps, designed in-house by Malta post, consisted of two stamps and a miniature sheet. The stamps, which are available in sheets of ten, were offset printed by Printex Limited on Maltese Crosses watermarked paper. The 5C/Euro 0.12 .___ __________, stamp depicts St. Jerome, and is 44.0mm x 31.0mm is size, with a perforation of 13.9 x 14.0 (comb). The second stamp, with a face value of 29c/Euro 0.68, shows a detail from the Beheading of St. John, and is 48.0mm x 39.5mm is size, with a perforation of 14.0 x 14.0 (comb). The miniature sheet, with a face value of Lm2/Euro 4.66, which is 120mm x 86mm in size, shows the full painting of the Beheading of St. John, with an inset stamp 44.0mm x 31.0mm in size, and a perforation of 13.9 x 14.0 (comb). Maltapost issued a special commemorative handstamp to cancel the stamps on the first day of issue (on FDC No. 7). The handstamp was inscribed "--------------- - MALT A/CARA V AGGI0/400 MITT SENA/JUM IL-HRUG 20.07 .07". The Maltapost Philatelic Bureau featured these stamps in 'The Malta Stamp' bulletin No. 255. 30 July The Ministry for Investoent, Industry and Information Technology announced that Government had decided to completely privatise Maltapost plc, which, up till then, had a Government shareholding of 65% and a Lombard Bank Malta plc shareholding of 35%.
    [Show full text]
  • Lombard Bank Malta Plc Investor Fact Sheet – December 2013
    Lombard Bank Malta plc Investor Fact Sheet – December 2013 PROFILE: Lombard Bank Malta plc was registered in Malta as a limited liability company in May 1969. Until 1975 the Bank was fully owned by Lombard North Central plc (part of the UK Natwest Banking Group). In April 1994, the Bank’s shares were admitted to the Official List of the Malta Stock Exchange. Currently, Lombard’s largest shareholder is Cyprus Popular Bank Public Company Ltd. (CPB) which holds 48.9%. CPB is a Cypriot QUICK FACTS: bank that is being wound down by a special administrator as part of the ISIN: MT0000040106 country’s banking sector restructuring. However, Lombard Bank is Ticker: LOM managed and operated independently of its major shareholder. Currency: EURO (€) No. of Shares 39,701,994 Lombard Bank is licensed as a credit institution by the Central Bank of in Issue: Malta and for investment business by the Malta Financial Services €71.86 million Market Cap.: (30 December 2013) Authority. The bank provides an extensive range of banking and financial Nominal services to domestic and international customers through a network of 9 €0.25 Value: branches and one agency across Malta and Gozo. Official List – Malta Listing: Stock Exchange The Bank is an authorised currency dealer and a member of the Malta Main • MaltaPost plc Stock Exchange. It is also a member of the Deposit Guarantee Scheme Subsidiaries: (69.2%) and the Investor Compensation Scheme. www.lombardmalta.c Website: om Through the Bank’s fully owned subsidiary, Redbox Limited, Lombard owns a 69.2% stake in MaltaPost plc – the largest postal services company and the Universal Service Provider (USP) in Malta.
    [Show full text]