Malita Investments plc – Interim Directors’ Statement

Malita Investments p.l.c. announced that over the period from 1 January 2012 to 15 November 2012, the company took forward its plans to finalise the transfer of properties from the Government of Malta to the Company. In fact, on the 14th June 2012, the company and the Government of Malta entered into the two Transfer Contracts puruant to which it acquired the title of directum dominium over the sites of Malta International Airport (MIA) and Valletta Cruise Port (VCP), which real right entitle the company to receive, with effect from the 1st of December 2011, all payments of ground rent due by MIA and VCP respectively in terms of the emphyteutical grants originally granted by the Government.

In considertaion of the said transfers, the company issued in favour of the Government of Malta 68,108,064 fully paid up Orginary A Shares of a nominal value of EUR 0.50 per share. The compnay is also vested with the privileges and hypothecs originally reserved by or granted to the Governmenr on the said original emphyteutical deeds.

To view the official company announcement, click here.