Issue link: https://maltatoday.uberflip.com/i/1187474
3 maltatoday | SUNDAY • 24 NOVEMBER 2019 NEWS Harvest Technology plc Nineteen Twenty Three, Valletta Road, Marsa, MRS 3000, Malta T 00356 2568 1200 E investors@harvest.tech www.harvest.tech APPLICATIONS NOW AVAILABLE 9,112,256 Ordinary Shares at an offer price of €1.50 per share Harvest Technology p.l.c. (the "Company") is offering to the public 8,201,032 ordinary shares of a nominal value of €0.50 held by 1923 Investments plc and 911,224 ordinary shares of a nominal value of €0.50 held by Professor Juanito Camilleri at an offer price of €1.50 per share, representing 40% of the issued share capital. For more information one should refer to the Prospectus dated 18 November 2019 ("Prospectus"), which may be downloaded from the Company's website www.harvest.tech. Copies of the Prospectus are also available, together with application forms, from Authorised Financial Intermediaries listed on the Company's website during office hours. Applications for the Equity Issue may be made for a minimum of 1,000 shares and in multiples of 100 shares thereafter. The subscription period is between 26 November 2019 and 12 December 2019 (both days included) or earlier if fully subscribed. The shares are expected to be admitted to the Official List of the Malta Stock Exchange on 6 January 2020 and trading is expected to commence on 7 January 2020. The value of the investments may increase as well as decrease and past performance is no indication of future performance. Harvest Technology plc is part of 1923 Investments plc, a subsidiary of Hili Ventures Limited Joint sponsors Manager & Registrar INITIAL PUBLIC OFFERING CONTINUED FROM PAGE 1 The minister said that he was also asked why he had dropped libel proceedings against Daphne Caruana Galizia, when he filed a hefty garnishee order during his li- bel case on Caruana Galizia's report on his alleged patroni- sation of a Hamburg brothel while on official duty. "I told them that I did not drop libel proceedings," Cardona said. Cardona's libel case against Caruana Galizia was, in fact, struck off by a court last year, and afterwards, his aide ceded his own libel case. The fact that both cases did not continue means that the op- portunity to verify whether the minister and his aide had been inside a German broth- el while on official business was lost. A cache of mobile data held under the custody of the magistrate would have revealed the location of Car- dona and his aide. Meanwhile, a statement re- leased by the Department of Information said Economy Minister Chris Cardona was asked "to provide some clari- fications, including on specu- lations that were made about him in the past", as part of the ongoing police investigation. "As he has always done, Minister Cardona, responded immediately to the request by cooperating fully with the police, and remains ready to cooperate further so as to clarify any issues or questions that might crop up as part of the ongoing investigation," the statement read. "In these exceptional and highly sensi- tive circumstances, an appeal is being made for the media to be prudent and not to spread further speculation which would only lead to divert the course of justice." PN calls for resignation, ur- gent House session The day's events were fol- lowed by a meeting of the PN parliamentary group, which requested that the Maltese parliament meet on Saturday evening as a matter of ur- gency to discuss the national situation. PN leader Adrian Delia said Malta was facing an unprec- edented constitutional and institutional crisis. Delia also said that Prime Minister Joseph Muscat had to resign in the wake of the arrest of Yorgen Fenech. Fenech, one of several Mal- tese interests in the Electrogas gas-fired station that enabled the delivery of Labour's chief electoral promise, a reduction in energy rates, was revealed to have been the owner of Dubai company 17 Black, which was listed as a "target client" for the secretive Pan- ama companies opened by Muscat's chief of staff Keith Schembri and tourism minis- ter Konrad Mizzi in 2016. "Ongoing investigations must be free of any vitiation. This risk exists because per- sons, including the Prime Minister, involved in the con- duct of these investigations could be close to persons of interest in the same investiga- tions," Delia said. "Muscat has lost every moral authority to lead the country and has for years evaded his political responsibilities, but now with every minute that passes Muscat has little space for manoeuvre. Our country is suffering the consequence of corrupt and criminal be- haviour of people close to the Prime Minister, people the Prime Minister has continued to protect to this day." The government, which enjoys a healthy majority of seats in the House, did not entertain the request, ac- cusing the PN of being in a state of "confusion" over its request. "The Opposition first says the Prime Minister should not speak on the case and then it wants Parliament to reconvene urgently to discuss the assassination of Daphne Caruana Galizia," the government said, referring to criticism levelled at Joseph Muscat for briefing the media on developments in the mur- der investigation. The government also said the request was coming from an Opposition that earlier this week, walked out of Par- liament instead of fulfilling its duty. "The Opposition does well to allow the institutions it has long criticised as not doing their work, to continue ful- filling their duties as they are doing," the government said. Pressure piles on Muscat Inside Castille Government sources yesterday described the sombre mood among Labour top brass after the arrest of Yorgen Fenech and the 17 Black association brought the Caruana Galizia murder investigation too close to Labour for comfort. MaltaToday was told that Prime Minister Joseph Muscat had told aides he would not be taking any decision about Keith Schem- bri, his chief-of-staff and architect of Labour's electoral cam- paigns, and minister Konrad Mizzi "until the case is closed". But this newspaper was told that Muscat is under pressure from ministers and party activists to remove Schembri and Mizzi, al- though there has been no direct challenge yet to bring Muscat to purge the two men from government. As he repeated oftentimes in the House of Representatives, Muscat also told his aides he had no problem in resigning his post. But some ministers think Muscat is mulling over the possibil- ity of holding an early election in 2020: if true, such a drastic move could consolidate Muscat's hold on power at a time when he should be making important concessions to a public that has demanded the heads of Schembri and Mizzi.