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BUSINESS TODAY 13 October 2022

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€1.50 THURSDAY 13 OCTOBER 2022 • ISSUE 176 WWW.BUSINESSTODAY.COM.MT PAGE 5 PAGE 2 PAGE 3 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% You work hard for your money. Shouldn't your money return the favour? 1.5% p.a. Fixed-term deposit account in Euro for 3 years. → direct Limited time oer MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority under the Banking Act (Cap. 371). The Bank is a participant in the Depositor Compensation Scheme established under the Maltese Laws. Rate is quoted gross of tax on a per annum basis. Accounts can be opened with a minimum of €100. Interest is paid into a savings account. Terms and Conditions apply. O•er is for a limited time only. 2557 4400

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