Company Announcements – September 2006

GlobalCapital p.l.c.

GlobalCapital p.l.c. (“the Company”) announces that, Mr Kevin Vella has been appointed as a member of the Company’s Executive Committee with effect from 25th September 2006. The Company also announces that Mr. Kenneth Spiteri has resigned from the post of Chief Sales Officer with effect from 22nd September 2006. The responsibility of the overall sales function within the Company will be assumed by Mr. Oliver Said.

Vilhena Funds SICAV p.l.c.

Due to a holiday in the United States of America, no determination of the net asset value and dealing will take place on Tuesday, 10th October 2006 in the Vilhena Top 100 Fund.

Applications for the purchase or sale of shares in the above Fund received at the offices of Valletta Fund Management Limited for dealing on Tuesday, 10th October 2006 will be dealt on the succeeding dealing day.

Middlesea Insurance p.l.c.

The half-yearly report on the activities and profits and losses on a Group basis for the first six months of 2006 have been approved during the Board Meeting held on 22nd September 2006. The Board of Directors does not propose to pay a dividend for the half year ended 30th June 2006. Please click on the above heading to view the official announcement including the financial statements.


Mr Louis Farrugia has resigned from the Board of Directors of HSBC Bank Malta p.l.c. with effect from 12th September 2006.

Maltacom p.l.c.

At a meeting held on 15th September 2006, the Board of Directors of Maltacom p.l.c. considered and approved the Group’s Interim Accounts for the period 1st January 2006 to 30th June 2006.

The Board of Directors also approved the payment of an ordinary interim dividend of Lm0.01c5 per share net of tax. All shareholders on the Company’s register of members as at Friday 22nd September 2006 will be paid this interim dividend on the 27th October 2006. Please click on the above heading to view official announcement and extract from the mentioned financial statement.

Middlesea Insurance

A Board Meeting is scheduled to be held on Friday, 22nd September 2006 at which the announcement of profits or losses in respect of the half-year is to be approved for publication.

Bank of Valletta

Bank of Valletta (“the Bank”) has been granted by the MFSA an extension of its licence to cover stockbroking services, and has become a member on the Malta Stock Exchange.

The Board of Directors of the Bank and that of BOV Stockbrokers Limited (BOVSL) have resolved to merge within the Bank the BOVSL operations. The Directors expect this merger to be finalised by the 16th September 2006.

This merger forms part of the Bank’s strategy of reviewing its structure on an ongoing basis, with the objective of making the most efficient use of the Group’s resources.

International Hotel Investments p.l.c.

International Hotel Investments p.l.c. (IHI) announces the issue and allotment of 2,500,000 shares to HSBC No-Load Funds SICAV p.l.c.

IHI is currently in the process of raising new equity. The acquisition of 2,500,000 IHI shares by an investment fund managed by HSBC, at Euro 1 each, is therefore a further step in this strategy, which was started earlier this year when the Company’s Annual General Meeting authorised the Directors to promote and issue fresh equity to fund further growth and development.

Please click on the above heading to view the official announcement.

Global Capital

At a meeting held on 8th September 2006, the Board of Directors of Global Capital p.l.c considered and approved the interim Financial Statements for the six months ended 30th June 2006.

An interim dividend of 2 cents per share gross of tax has been declared by the Board of Directors in respect of the six months ended 30th June 2006. Please click on the above heading to view the financial statements.


In a meeting held on the 5th September 2006, the Board of Directors of Plaza Centres p.l.c. approved the half-yearly financial statements for the six months ended 30th June 2006. Please click on the above heading to view approved financial statements.

Suncrest Hotels plc

Suncrest Hotels plc announces that Mr. Micahel Sciortino has been appointed a member of the Audit Committee with effect from 1st September 2006. Mr Sciortino replaces Ivan Fsadni who resigned from his position on the Suncrest Audit Committee on taking up full-time employment as an internal auditor with a local financial institution.


Mr Vittorio Vellano has resigned from the Board of Directors of Lombard Bank Malta p.l.c. with immediate effect.

Datatrak Holdings plc

Datatrak Solutions Limited, a subsidiary of Datatrak Holdings plc, has commenced the implementation of a contract signed with GeoPost UK Ltd in order to supply GeoPost UK Ltd with components from its DispatchIT application. The contract is worth over £600,000 for the first four years.

GeoPost UK is wholly owned by La Poste, the second largest postal operation in Europe. The initial contract referred to above will cover a total of 2,000 GeoPost vehicles located in its 40 depots spread all over the United Kingdom.