Annual Report 2003-2004
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LISTING SECURITIES in MALTA What You Need to Know
LISTING SECURITIES IN MALTA What you need to know Malta offers two regulated markets on which issuers can list their securities, the Malta Stock Exchange (“MSE”) Official List for both equity and debt listings and the European Wholesale Securities Market (“EWSM”) for debt listings. The MSE also operates ‘Prospects’, a multi-lateral trading facility specifically designed for SMEs to list their equity and debt securities. KEY INFORMATION AND LISTING CONDITIONS MSE Official List Prospects (Equity / Debt)* EWSM (Debt)** (Equity / Debt)*** EU Regulated Market Yes Yes No Prospectus (Prospectus Prospectus (Prospectus Admission Document Offering / Admission Document Directive Compliant) Directive Compliant) (Prospects Template) Listing Authority MFSA MFSA N/A (Self-Regulated Market) Appointment of Sponsor / Sponsor Listing Agent Corporate Advisor Listing Agent / Advisor Minimum Denomination of Securities N/A €100,000 N/A Minimum Amount of Securities Listed €1,000,000 €1,000,000 N/A Minimum Issuer Share Capital • €1,000,000 (Equity) N/A N/A (Fully Paid-Up) • €250,000 (Debt) Minimum Free Float / • 25% (Equity) N/A N/A Securities held by Public • N/A (Debt) Whole Class to be Listed Yes Yes Yes Securities must be Freely Transferable Yes Yes Yes • 3 Financial Years (Equity) Historical Audited Financial Information N/A N/A • 2 Financial Years (Debt) Listing Application Approval Timing 1-2 months 1-2 weeks 2 weeks €12,500 - €60,000 Initial Application Fee €1,000 €5,000 (Based on Market Cap) €2,250 - €116,000 €5,000 - €32,500 Annual Exchange Fee €2,000 (Based on Market Cap) (Based on Market Cap) * MSE listing requirements vary for listing of units in collective investment schemes. -
Malta Stock Exchange Equity Market Summary - 05 April 2019 Trading Hours - 09.30 A.M
Malta Stock Exchange Equity Market Summary - 05 April 2019 Trading Hours - 09.30 a.m. to 15.30 p.m. MSE Equity Price Index 4,714.243 - 0.104% Shares Market2019 YTD Opening Day's Day's Closing Change % No. Div. Net Net Div. NAV/ Price E.P.S P/E Ratio Notes Issued Cap High Low % Currency Price High Low Price on previous Change of Turnover Payment Div. Div. Cover Share to Hist. Hist. 000's 000's Change close Trades Date Yield (a) (b) (c) NAV (d) (e) No. of OFFICIAL LIST %#Shares €%times € Financial Services 530,772 €732,465 1.480 1.235 3.8% Bank of Valletta plc - EUR1.00 EUR 1.375 1.380 1.350 1.380 0.000 0.00% 10 23,721 - - - - 1.87 0.74 0.097 14.25 Annual General Meeting - 09 May 2019 360,306 €587,299 1.810 1.600 -10.9% HSBC Bank Malta plc - EUR0.30 XD EUR 1.630 1.630 1.630 1.630 0.000 0.00% 1 2,000 Apr/Aug 0.038 2.31 2.11 1.27 1.28 0.080 20.47 Annual General Meeting - 17 April 2019 44,178 €103,376 2.520 2.260 -4.1% Lombard Bank Malta plc - EUR0.25 XD EUR---2.340 ‐‐- - April 0.033 1.39 5.88 2.45 0.95 0.191 12.25 Annual General Meeting - 11 April 2019 92,000 €217,120 2.380 1.830 18.6% Mapfre Middlesea plc - EUR0.21 EUR 2.360 2.360 2.360 2.360 0.000 0.00% 1 10,000 May 0.098 1 4.14 0.96 1.00 2.37 0.093 25.26 Dividend Cut-Off Date - 30 April 2019 30,000 €9,000 0.300 0.216 -9.6% GlobalCapital plc - EUR0.2912 EUR---0.300 ‐‐- - - - - - 0.54 0.56 0.105 2.86 522,288 $360,379 0.716 0.619 -8.0% FIMBank plc - USD0.50 XB USD---0.690 ‐‐- - - - - - 0.54 1.29 0.022 31.00 Annual General Meeting - 07 May 2019 Telecommunications 101,310 €492,369 5.000 3.900 22.7% GO plc - EUR0.5823 EUR---4.860 ‐‐--May0.14 3 2.88 1.34 1.11 4.37 0.187 25.95 Dividend Cut-Off Date - 24 April 2019 Food / Beverages 30,000 €262,500 8.750 7.400 0.0% Simonds Farsons Cisk plc - EUR0.30 EUR---8.750 ‐‐- - Oct/June 0.120 1.37 4.00 3.34 2.62 0.480 18.23 Tourism 615,685 €470,999 0.780 0.590 23.4% Int. -
St-Paul-Faith-Iconography.Pdf
An exhibition organized by the Sacred Art Commission in collaboration with the Ministry for Gozo on the occasion of the year dedicated to St. Paul Exhibition Hall Ministry for Gozo Victoria 24th January - 14th February 2009 St Paul in Art in Gozo c.1300-1950: a critical study Exhibition Curator Fr. Joseph Calleja MARK SAGONA Introduction Artistic Consultant Mark Sagona For many centuries, at least since the Late Middle Ages, when Malta was re- Christianised, the Maltese have staunchly believed that the Apostle of the Gentiles Acknowledgements was delivered to their islands through divine intervention and converted the H.E. Dr. Edward Fenech Adami, H.E. Tommaso Caputo, inhabitants to Christianity, thus initiating an uninterrupted community of 1 Christians. St Paul, therefore, became the patron saint of Malta and the Maltese H.E. Bishop Mario Grech, Hon. Giovanna Debono, called him their 'father'. However, it has been amply and clearly pointed out that the present state of our knowledge does not permit an authentication of these alleged Mgr. Giovanni B. Gauci, Arch. Carmelo Mercieca, Arch. Tarcisio Camilleri, Arch. Salv Muscat, events. In fact, there is no historic, archaeological or documentary evidence to attest Arch. Carmelo Gauci, Arch. Frankie Bajada, Arch. Pawlu Cardona, Arch. Carmelo Refalo, to the presence of a Christian community in Malta before the late fourth century1, Arch. {u\epp Attard, Kapp. Tonio Galea, Kapp. Brian Mejlaq, Mgr. John Azzopardi, Can. John Sultana, while the narrative, in the Acts of the Apostles, of the shipwreck of the saint in 60 AD and its association with Malta has been immersed in controversy for many Fr. -
Admission Document
This document, which comprises an admission document, required by the rules of Prospects MTF, a market regulated as an MTF and operated by the Malta Stock Exchange (the “MSE” or “Exchange”), has been drawn up in compliance with the Prospects MTF Rules issued by the Exchange. This document does not comprise a document drawn up in terms of the EU Prospectus Directive (2003/71/EC) or for the purposes of the Listing Rules of the Listing Authority. In terms of article 2(3)(b)(ii) of the Companies Act, Chapter 386 of the laws of Malta, this Bond Issue does not constitute an offer of securities to the public and this document does not constitute a prospectus as defined in article 2(i) of the said Act. A public limited liability company incorporated under the laws of Malta company registration number C 87809 In respect of an issue of €7.5 million 5.35% Unsecured Bonds 2028 ISIN: MT0002001205 Guaranteed by* D Shopping Malls Limited a private limited liability company registered in Malta company registration number C 87499 *Prospective investors are to refer to the guarantee contained in Annex A of this Company Admission Document for a description of the Guarantee. Reference should also be made to the sections entitled “Risk Factors” contained in this Company Admission Document for a discussion of certain risk factors, which should be considered by prospective investors in connection with the Bonds including but not limited to the guarantee provided by D Shopping Malls Limited. COMPANY ADMISSION DOCUMENT Dated 27 September 2018 THE MSE HAS AUTHORISED THE ISSUE OF THIS DOCUMENT. -
Company Admission Document
This document comprises an admission document, required by the rules of Prospects MTF (the market regulated as a multilateral trading facility operated by the Malta Stock Exchange (the “Exchange” or the “MSE”). This document has been drawn up in compliance with the Prospects MTF Rules for the purpose of giving information with regards to the issue of the Bonds (as herein defined). This document does not comprise a document drawn up in terms of the EU Prospectus Directive (2003/71/EC) or for the purposes of the Listing Rules of the Listing Authority. In terms of article 2(3)(b)(v) of the Companies Act, Chapter 386 of the Laws of Malta, this Bond Issue (as defined herein) does not constitute an offer of securities to the public and this document does not constitute a prospectus as defined in article 2(i) of the said Act. COMPANY ADMISSION DOCUMENT Dated 25th January 2019 In respect of an issue of €5,000,000 5% Secured Callable Bonds 2026-2029 of a nominal value of €100 per Bond issued at par by Borgo Lifestyle Finance plc Borgo Lifestyle Finance plc - A public limited liability company registered in Malta with company registration number C 88245 ISIN: MT0002151208 THE MSE HAS AUTHORISED THE ISSUE OF THIS DOCUMENT. THE MSE DOES NOT GIVE ANY CERTIFICATION, REPRESENTATION, WARRANTY OR GUARANTEE REGARDING THE POTENTIAL RISKS INVOLVED IN INVESTING IN THE SAID SECURITIES OR THE SAFETY OF INVESTING IN SUCH SECURITIES. THE MSE ACCEPTS NO RESPONSIBILITY FOR THE COMPLETENESS OR ACCURACY OF THIS ADMISSION DOCUMENT AND EXPRESSLY DISCLAIMS ANY LIABILITY WHATSOEVER FOR ANY LOSS HOWSOEVER ARISING FROM OR IN RELIANCE UPON THE WHOLE OR ANY PART OF THE CONTENTS OF THIS ADMISSION DOCUMENT. -
Gazzetta Tal-Gvern Ta' Malta
Nru./No. 20,099 Prezz/Price €3.96 Gazzetta tal-Gvern ta’ Malta The Malta Government Gazette It-Tlieta, 4 ta’ Diċembru, 2018 Pubblikata b’Awtorità Tuesday, 4th December, 2018 Published by Authority SOMMARJU — SUMMARY Notifikazzjonijiet tal-Gvern ............................................................................................. 11,981 - 12,002 Government Notices ......................................................................................................... 11,981 - 12,002 Avviżi lill-Baħħara ........................................................................................................... 12,002 - 12,004 Notices to Mariners .......................................................................................................... 12,002 - 12,004 Avviżi tal-Gvern ............................................................................................................... 12,004 - 12,037 Notices .............................................................................................................................. 12,004 - 12,037 Offerti ............................................................................................................................... 12,038 - 12,044 Tenders ............................................................................................................................. 12,038 - 12,044 Avviżi tad-Direttorat għar-Reġistrazzjoni tal-Proprjetà Industrijali ................................ 12,044 - 12,046 Industrial Property Registrations Directorate Notices ................................................... -
Why List on the Malta Stock Exchange?
WHY LIST ON THE MALTA STOCK EXCHANGE? More than just a cost-effective solution … An EU jurisdiction coupled A professional environment backed Cost-effective access with Passportability by cost-effective support services to capital markets The MSE has extensive experience with The Malta Stock Exchange (MSE) is There are many reasons why companies listing various categories of financial located in a well-regulated, cost-effective may seek a listing on the MSE, such as instruments such as equities, bonds, domicile which is a fast-developing seeking access to capital markets as a money market funds, property funds financial centre with an excellent source of finance or to raise new equity and venture capital or development reputation, skilled English-speaking capital. A listing may also help raise an funds. Moreover, the Maltese financial professionals and a pleasant working entity’s brand profile or address succession services sector is supported by numerous environment. The MSE is itself an planning issues. authorised organisation that has been experienced professionals who are able to provide cost-effective expertise in legal, operating to the highest international The fees applicable to companies seeking audit, accounting and brokerage services. standards for almost 25 years. admission to listing on the Main Market are very competitive and cost-effective. All the global accounting and audit firms Companies admitted to listing on the Indeed the Exchange’s fee structure is one are represented in Malta and operate MSE’s Main Market and the secondary of Europe’s most affordable. They are also together with many other accounting listing board, the Alternative Companies very straightforward and easy to establish firms, all of which provide premium List, which are both regulated markets, since they are structured on an ‘annual services at significantly competitive are listed in accordance with the fee’ basis, without any up-front charges rates when compared to many other Prospectus Directive. -
Budget Speech 2019
Ministry for Finance Budget Speech 2019 The Hon. Prof. Edward Scicluna Minister for Finance Malta 22nd October, 2018 Published by the Ministry for Finance, South Street, Valletta VLT 1102 Tel.: (+356) 25 99 82 59 Website: www.mfin.gov.mt Cataloguing-in-Publication Data Malta. Ministry for Finance, Valletta - Budget Speech 2019 / Edward Scicluna. Ministry for Finance, 2018 ISBN: 978-99957-58-34-9 1. Budget – Malta I. Title II. Edward Scicluna This publication is available from: Department of Information 3, Castille Place Valletta VLA 2000 Tel.: (+356) 22 00 17 00 Printed at the Government Press Price: €2.00 CONTENTS 1. INTRODUCTION .................................................................................. 1 1.1 The economic and financial context ........................................... 4 1.2 The economic and fiscal projections .......................................... 6 2. THE DISTRIBUTION OF WEALTH ...................................................... 11 2.1 The Cost of Living Adjustment .................................................. 11 2.2 An additional day of vacation leave .......................................... 11 2.3 Salary adjustment for employees earning Minimum Wage ..... 12 2.4 Increase in the Children’s Allowance for families with an income under €20,000 ........................................................................... 12 2.5 Further reduction in taxes for all employed persons ............... 13 2.6 Adjusting the tax exemption cap for single persons ................ 13 2.7 Self-employed persons -
Currency in Malta )
CURRENCY IN MALTA ) Joseph C. Sammut CENTRAL BANK OF MALTA 2001 CONTENTS List of Plates ........................ ......................... ......... ............................................ .... ... XllI List of Illustrated Documents ............ ,...................................................................... XVll Foreword .................................................................................................................. XIX } Preface...................................................................................................................... XXI Author's Introduction............................................................................................... XXllI I THE COINAGE OF MALTA The Earliest Coins found in Malta.................................................................... 1 Maltese Coins of the Roman Period................................................................. 2 Roman Coinage ................................................................................................ 5 Vandalic, Ostrogothic and Byzantine Coins ........... ............ ............ ............ ...... 7 Muslim Coinage ............................................................................................... 8 Medieval Currency ........................................................................................... 9 The Coinage of the Order of St John in Malta (1530-1798) ............................ 34 The Mint of the Order...................................................................................... -
Annual Report 2016
ANNUAL REPORT 2016 During the year under review Heritage Malta sustained the upbeat momentum and to some extent surpassed the noteworthy achievements of 2015. Besides the inauguration of three major infrastructural projects, two of which co-funded by the EU, and a major exhibition to commemorate the 450th anniversary of the foundation of Valletta, Heritage Malta also managed to register a record in the number of visitors and in the generation of revenue for the fourth year in a row. The Agency’s output comprised also the biggest-ever number of cultural activities, and an impressive outreach programme including thematic sessions for school children and publications. ANNUAL REPORT FOR THE YEAR ENDING 31 DECEMBER 2016 CONTENTS Capital Works 5 EU Co-funded Projects 11 Exhibitions and Events 17 Collections and Research 21 Conservation 27 Education, Publications and Outreach 35 Other Corporate 43 Admissions on Payment 47 Appendix 1. Events 49 Appendix 2. Purchase of Modern and Contemporary Artworks 2016 75 Appendix 3. Acquisition of Natural History Specimens 2016 77 Appendix 4. Acquisition of Cultural Heritage Objects 2016 87 3 CAPITAL WORKS ANNUAL REPORT FOR THE YEAR ENDING 31 DECEMBER 2016 During the year under review works at the Malta Maritime Museum continued with the restoration of the lateral façade and apertures, the structural consolidation of the turrets, and the refurbishment of the St Angelo Hall and kitchen. Catering equipment was also bought to upgrade the kitchen operational capabilities. The office and library upgrades also continued, including a new board room and two sealed reserve collection areas. Further investment was also made in the functions spaces at Fort St Angelo in order to meet clients’ needs and expectations. -
Malta Their Home Over Thousands of Years
4(%-!,4%3%)3,!.$3 4HE-EDITERRANEAN´SBESTKEPTSECRET -!,4!À'/:/À#/-)./ "25./6%44%23 4 -ALTAHASBEENCONQUERED COLONISEDANDGOVERNEDBYNUMEROUS -EDITERRANEANCIVILISATIONS OURPASTHASBEENMOULDEDBYTHE 0HOENICIANS THE#ARTHAGINIANS THE 2OMANS THE"YZANTINES THE.ORMANS THE!RAGONESE THE+NIGHTSOF3T*OHN THE&RENCHAND½NALLY THE"RITISH!LL HAVELEFTTHEIRCULTURALMARKANDMADE USTHEUNIQUENATIONWEARETODAY -)#(%,%0%3!.4% 4 4-)#(%,%0%3!.4% 2%.%2/33)'.!5$ 4 4HEBEATINGHEARTOFTHE -EDITERRANEAN 4HISLITTLEISLANDINTHECENTREOFTHE-EDITERRA NEANHASJUST INHABITANTS ANDYETITAT TRACTSMILLIONSOFVISITORSFROMALLOVERTHEWORLD ALLYEARROUND Our weather is mild no matter what time of year it is. In winter, when the rest of Europe is bat- tling with the biting cold and rain, you could be taking in the sights or simply relaxing with the sun as your companion. Spend a week pampering yourself in one of our world-class hotels, lounging by the pool or dipping your toes in temperate waters along our beaches. Go for a fabulous dive in one of the many sites, weaving through wonderful wrecks. Mean- der through the streets of the world-heritage site which is our capital city, Valletta. You can be sure that you’ll go back with a bagful of stories and memories. %.:/)3!)! 4 -)#(%,%0%3!.4% 4 We are not short of churches either—baroque, neo-gothic and medieval chapels—we have them all: one for every day of the year! Our architecture and archaeology were be- queathed to us by the various peoples who chose to make Malta their home over thousands of years. This colourful history has bestowed us with linguistic ease and two official languages. The young – and not so young – spend weeks here taking up our quality English lessons while practicing the language in the time spent out of the classroom. -
THE MALTESE E-NEWSLETTER 169 June2017 1
THE MALTESE E-NEWSLETTER 169 June2017 1 THE MALTESE E-NEWSLETTER 169 June2017 A Sad Day in Maltese History THE RIOTS OF THE 19 JUNE 1919 The four victims: Karmenu Abela (Valletta), Giuzeppe Bajada (Xaghr a, Gozo), Manwel Attard (Sliema) and Wenzu Dyer (Vittoriosa) Sette Giugno (7 June) is one of Malta’snational days. It is the day to commemorate the death of four Maltese rioters on June 7, 1919. The incident is now marked as a day when Maltese nationalism first surfaced during the BritishColonial period. This was a time when Malta’s economy was dominated by itsstatus as a military outpost. The price of grain had risen sharply, and pricesof bread were to increase. This was largely due to the fact that Maltese merchants were crippled by the costs of insuring their cargo, due to the threatto shipping in the Mediterranean. The flour merchants pleaded with the British government of the time to allow a subsidy, but they were scoffed at. And so,bread prices spiked and the life of Maltese people went from hard toharder. On the day, they converged onValletta, and the government of the time had no idea what was in store. It completely underestimated the gravity of the situation. The first spark of unrest centred on theMaltese flag defaced with the Union Jack flying above the “A la Ville deLondres.” This incident sparked the uprising. The death of the President of theCourt some days earlier had required all governmental departments to fly theUnion Flag at half mast, including the Bibliothèque buildings in PjazzaRegina, and the meteorological office.