Lombard Bank Malta plc – New Rights Issue – Update

30th October 2023

The Bank announced that not all the rights to subscribe for new ordinary shares were accepted or validly assigned by existing shareholders by the close of the rights issue offer period. This has resulted in a residual balance of 12,430,744 excess shares, which shall be available for subscription at the offer price of €0.75 per share by the following applicants in the following order of preference:

    • Preferred Applicants (employees and Directors of the Bank and shareholders of MaltaPost plc, who are not also existing shareholders of the Bank);
    • The general public

The excess shares will be available as from November 1, 2023 and will close on November 27, 2023 or earlier.

We will be very pleased to process the application on your behalf and therefore, ask you to contact your investment advisor who will be happy to assist you in any queries you may have.

A fee of €25 applies for direct applications.

Prospective clients should refer to the Prospectus dated September 20, 2023, which may be obtained from our offices in hard copy free of charge, electronically by e-mail on request, or by clicking the download button below.

You may contact us on freephone number 8007 2206 or speak to our Investment Advisors at one of our branches in Hamrun, Birkirkara, Valletta or Ta’ Xbiex (by appointment). We will be pleased to answer any queries you may have on this issue.

 

28th September 2023

We are pleased to inform you that Lombard Bank Malta plc has announced the issuance of a rights offer. This offer comprises a total of 61,828,332 new ordinary shares, each with a nominal value of €0.125 per share, which will form part of the bank’s existing share capital. These new shares will be made available to existing shareholders through the rights issue and to applicants through the excess shares offer.

Each existing shareholder is being given the right to purchase two new shares for every three shares held on record date September 15, 2023. The right to exercise this option will be available from September 28, 2023, until October 26, 2023.

Any remaining balance from the rights issue will be offered at a price of €0.75 per share to preferred applicants and general applicants from November 1, 2023 until November 27, 2023.

We will be very pleased to process the application on your behalf and therefore, ask you to contact your investment advisor who will be happy to assist you in any queries you may have.

A fee of €25 applies for direct applications.

Prospective clients should refer to the Prospectus dated September 20, 2023, which may be obtained from our offices in hard copy free of charge, electronically by e-mail on request, or by clicking the download button below.

 

DOWNLOAD REGISTRATION DOCUMENT       

 

Issuer Lombard Bank Malta plc
Issue Type Ordinary Shares
Issue Size 61,828,332 ordinary shares
Rights Issue Offer Period 28 September 2023 – 26 October 2023
Excess Shares Offer Period 1 November 2023 – 27 November 2023
Expected Date of Commencement of Trading 12 December 2023
Share Offer Price 2 shares for every 3 shares held or;

€0.75 per new ordinary share

Preferred Applicants Employees, Directors and MaltaPost p.l.c shareholders

You may contact us on freephone number 8007 2206 or speak to our Investment Advisors at one of our branches in HamrunBirkirkara, Valletta or Ta’ Xbiex (by appointment). We will be pleased to answer any queries you may have on this issue.

This information is not intended to constitute an offer or agreement to buy or sell investments. The investment referred to in this document may not be suitable or appropriate for every investor. No liability is accepted whatsoever for any loss howsoever arising from any information in this document.  The value of investments can go down as well as up. Investors may get back less than their initial investment and past performance is no guarantee of future performance. Jesmond Mizzi Financial Advisors Limited or any connected company, their clients, officers and employees may have a position or engage in transactions in the share issue. Jesmond Mizzi Financial Advisors Limited is licensed to conduct investment services by the MFSA under the investment services act, and is a Member Firm of the Malta Stock Exchange.