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Lombard Bank Malta Plc has announced a rights issue of 2 New Ordinary Shares for every 3 Shares held as at the Record Date at an Offer Price of €0.75 per New Ordinary Share. The Rights issue will be offered to the existing shareholders appearing on the register of members as at the Record Date, being the close of business on the 19th September 2023.
If you wish to exercise your rights, please see the information at the bottom of this article or contact us on 25 688 888.
A copy of the Prospectus can be found here.
The Bank offers a full range of traditional commercial and retail banking services to the local market through its branches and distribution network. Its main business lines include deposit-taking and lending to its customers with a focus on providing a personalised service. In recent years, the Bank was also gradually increasing its exposure to the home loans sector and expanding its card business.
The Bank’s activities include:
The Bank receives and accepts both corporate and personal customers’ monies for deposit on Current, Savings and Term Deposit accounts at both fixed and pre-determined fixed step-up rates and for varying maturity periods. The Bank also receives and accepts deposits in foreign currency.
The lending activity of the Bank consists principally of commercial and retail lending. Commercial lending is largely characterised by loan facilities to the commercial sector with short to medium-term maturities.
c. Multiple other activities including Investment services, Investment funds and UCITS management, International Business Banking (IBB) services and Tied Insurance Intermediary services.
How to exercise Rights
Our Moneybase Invest clients can apply online whilst our Financial Advisory clients can speak to their Financial Advisor at one of our four branches (Mosta, Sliema, Birkirkara and Fgura) by contacting us on +25 688 688 or [email protected] or via live chat on www.cc.com.mt
Should you prefer to apply through our Moneybase Invest platform, kindly look up Lombard Bank Rights and specify the number of Rights which you would like to exercise.
Rights holders who apply for all their rights are eligible to request to acquire excess shares. Lookup Lombard Bank Excess Shares and specify the number of excess shares you would like to purchase.
To assign your rights to someone else kindly look up Lombard Bank Rights – Assign Rights and specify the number of Rights which you would like to assign to someone else. We will be in contact with you with further instruction.
Non-nominee applications must be accompanied by an original application form.
In the event Excess Shares are made available to the public through the Excess Shares Offer, we will issue communications with details at such time.
The value of the investment can go down as well as up. Investing in shares of the Issuer may result in a loss of some or all of the capital invested. This communication is for information purposes and should not be construed as an invitation or recommendation.
The shares may not be suitable for all investors and prospective investors are urged to consult their Financial Advisor prior to investing in shares of the Issuer and to read the Prospectus, including the Risk Factors contained therein, available from www.cc.com.mt or www.lombardmalta.com/en/rights-issue-2023.
This communication has been approved for issue by Calamatta Cuschieri Investment Services Limited, licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap 386. CCIS, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta.
The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. CC does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website.
Calamatta Cuschieri Investment Services Ltd is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act.
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