Company Announcements March – April 2006

On the 3rd of April 2006, the Government of Malta has decided to grant Tecom Investments LZ-LLC ‘Tecom’ the preferred bidder status for its 60% shareholding in Maltacom p.l.c.  Tecom’s bid implies a share price valuation of Lm1.51c per share.   The Board of Directors of Maltacom p.l.c. are also meeting on Thursday the 6th of April to consider and approve the company’s Financial Statements for the year ended 31st December 2005.  The company is also considering the declaration of a final dividend…   HSBC Bank Malta p.l.c. on the 3rd of April announced that due to the amended bye-laws of the MSE, in order for investors to be entitiled to the Bonus Share issue, the last day for trading in HSBC equity is Tuesday 11 April 2006.      On Friday 24th of March 2006 the Board of Directors of Global Services Group p.l.c. approved the company’s financial statements for the year ended 31 December 2005 which portrayed positive results for 2005 as profits before tax have increased by  87.1% to Lm2.625,603 compared with 2004 profits of Lm1.403.652.The company directors are also recommending the declaration of a final gross ordinary dividend of 1.5 cents per share (0.975 cents net of tax) and a special gross dividend of 3.0 cents per share (1.95 cents net of tax) to be approved at the forthcoming AGM which will be held on the 24th of May 2006. The cut-off date for the entitlement of such dividend (2.925 cents net of tax) is on the 24th of April 2006 and the dividend shall be paid by the company by not later than the 2nd of June 2006.