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THURSDAY 13 OCTOBER 2022 • ISSUE 176
WWW.BUSINESSTODAY.COM.MT
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Lombard Bank Malta's new
share issue will dilute current
government, private stakes
August industrial
production up by
1.5% in euro area
Von der Heyden
Group launches
10-year €35 million
bond issue
PAUL COCKS
NEWS that Lombard Bank intends to
access the capital markets has some in-
vestors worried that this is an attempt
by the bank to dilute the shareholding
of some investors, Business Today has
learned.
Among the bank's shareholders is
the National Social and Develop-
ment Fund, a government agency
which owns a 49.01% stake, valued at
€51,098,121.
Lombard Bank announced on 12 Au-
gust that its Board of Directors had
decided that it would be in the best
interests of the bank to proceed with
the issue, allotment and listing of new
ordinary shares.
An extraordinary general meeting is
to be held on 10 November for share-
holders to approve the necessary res-
olutions.
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 12 Oct 2022
Number of Trades: 35
Turnover: € 233,322.63
MSE TRX Index: 7,679.41
(Change: +0.038%)
Name: 3.75% PRC PLC
MT0000511213 - Currency €
Last Traded: 12 Oct 2022
Price 100.000
Change +2.000
US Dollar 0.98634
British Pound: 0.87357
Japanese Yen: 142.78
Australian Dollar: 1.5258
Swiss Franc: 0.97070
7,052.62
-33.84
7,086.46 / 6,977.95
Value
Net variation
High / Low
-0.48%
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