Issue link: https://maltatoday.uberflip.com/i/1188980
11 maltatoday | SUNDAY • 1 DECEMBER 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 Muscat could stay on till January 2020, until Labour leader is elected MATTHEW VELLA JOSEPH Muscat could be expected to stay on as prime minister right up until the 18th January 2020, when the Labour Party is expected to hold its leadership election. Party sources have told Mal- taToday Muscat is expected to announce his resignation when the Tumas magnate, Yorgen Fenech, is arraigned in connection with the as- sassination of the journalist Daphne Caruana Galizia. But until then, despite re- ports of his imminent resig- nation, Muscat will formally step down when Labour elects its new leader. The party has already or- dered its polling booths to elect Muscat's successor, which will see delegates whit- tle down the field of contend- ers to two contestants, who are then finally picked by all the party's paid-up members. There will be no transition- ary leader, either. Muscat is therefore expect- ed to spend the next weeks as prime minister. The decision to step down was prompted by a stormy Cabinet meeting that refused a pardon for Yorgen Fenech, in which Muscat was faced by near-mutiny by Cabinet mem- bers who were taken aback at the scale of information on Fenech that could have been privy to chief-of-staff Keith Schembri. Muscat's final hours in a decisive Cabinet meeting held on Thursday evening edged his government close to breakdown as "disgusted" ministers indicated they could step down. Ministers were debriefed by the Attorney General and the Police Commissioner on Yorgen Fenech's request for a pardon before deciding on the matter. A Cabinet member told Mal- taToday that the debrief left them "bewildered, shocked and disgusted" as the meet- ing dragged on deep into the night. "It left us with no doubt that no presidential pardon should be given to Fenech, but we were concerned that Schem- bri's release should have been accompanied with clear ex- planations about all the points raised in the media leaks," the source said. Schembri's release came while Cabinet was in session, a decision that angered pro- testers gathered outside Cas- tille. "It was a stormy meeting. We could not comprehend why the police had simply released two sentences to announce the release of Keith Schembri. The police should have ad- dressed questions that were raised including the allegation that was denied by Schembri that he allegedly passed on a note to Fenech through his doctor when on police bail." Another Cabinet member told MaltaToday that there was a lot of anger at the man- ner by which Schembri had been allowed to throw his weight around in government. "Today, every member of Cabinet is ruing those occa- sions when they bowed to pressure from Schembri in the discharge of their duties." Disappointed at how the government's success has been tainted by the actions of one person, the source added: "This is not what we entered politics for. People are angry at us and we don't feel safe." PM expected to broadcast message to the public today Joseph Muscat could be expected to stay on as prime minister right up until the 18th January 2020, when the Labour Party is expected to hold its leadership election