Bank of Valletta plc – Approval of Preliminary Statements of Annual Results

October 29, 2010
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

Bank of Valletta plc – Approval of Preliminary Statements of Annual ResultsThe Group announced that the Board of

Directors approved the audited financial statements for the financial year

ended September 30, 2010. A profit before tax of EUR98.9m was registered by the

Group, a rise of 21 per cent when compared to EUR81.8m reported over the same

period last year. Earnings per share rose from EUR0.245 to EUR0.317.The

Directors also recommended the payment of a net dividend of EUR0.104 per share,

to be approved at the AGM, and a bonus share issue of one share for every five

shares held, which will be allotted to shareholders on the Bank’s share

register as at close of business on January 12, 2011. The bonus issue will be

funded by a capitalisation of reserves amounting to EUR40m.