Bank of Valletta announced that the date for application for the subscription by Preferred Applicants of the 3.50% Subordinated Notes 2030 is being extended until the 4th December 2015. This extension was deemed necessary following general demand and for the purpose of allowing authorised financial intermediaries sufficient time to conduct the necessary appropriateness tests or suitability tests (as applicable).
Accordingly, the expected timetable set out in the Final Terms Series No:1/2015, Tranche No:1 and Final Terms Series No:2/2015, Tranche No:1 (together the "Final Terms") has been revised so as to extend the closing date for application for the subscription of Subordinated Notes by Preferred Applicants (as this term is defined in the Final Terms) from 30 November 2015 to the closing date for application for subscription of Subordinated Notes by the general public, that is 4 December 2015. The closing date for application for the subscription of Subordinated Notes by both the general public and Preferred Applicants is now 4 December 2015 (or earlier at the discretion of BOV in accordance with the Final Terms).
The extended application period also applies to any Preferred Applicant who has already submitted his/her application for subscription of Subordinated Notes and wishes to revise his/her application. In these instances, such Preferred Applicants are to consult an authorised financial intermediary.
The Subordinated Notes are complex financial instruments and may not be suitable for all types of retail investors. The notes are subordinated and unsecured. The value of investments may increase as well as decrease. Past performance is not an indication of future performance. Prospective investors should consult a licenced financial intermediary before investing in the Subordinated Notes. The full prospectus outlines the risk factors relating to this issue which a prospective investor should be aware of.