NEWS | Wednesday, 23 January 2008

Maltapost announces share allocation policy

The Government of Malta received over 2,900 applications for a total of 37,719,400 shares during the recent Maltapost p.l.c. General Public Offering.
Excluding the pre-placement portion of 5,040,000 ordinary shares, the offer to the public consisted of 6,160,000 ordinary shares. The Government said it wished to ensure the widest distribution of shares possible in its allocation policy.
All the minimum applications of 2,000 shares will be met in full, while those subscribers who applied for more than 2,000 shares will be allotted the first 2,000 shares in full and 1.1062% of the remaining balance.
In line with the terms of the prospectus, allocation advises and refunds of unallocated monies will be dispatched on 24 January this year.
Meanwhile the shares of Maltapost p.l.c. will be admitted to the Official List of the Malta Stock Exchange today while trading is expected to commence on Friday 25 January 2008.
Once again the Government thanked the investing public for its support and the team of advisors for their effort and diligence that made the share offer a success.