Following the sale of shares in Maltapost p.l.c. to Lombard Bank (Malta) p.l.c. by virtue of which the latter became a 60% shareholder in Maltapost, the Government of Malta will be offering for sale its current holding of 11,200,000 shares of a nominal value of €0.25c per share at a Share Offer Price of €0.50c per share. The Offer is expected to close on 18 January 2008 and trading is expected to commence on the Malta Stock Exchange on 30 January 2008.
Camilleri Preziosi were the advisors to the Government of Malta on the disposal and sale of its shares in Maltapost plc.