The government announced that it will be disposing of the remaining shares held in MaltaPost plc through an Initial Public Offering. Today, a pre-placement exercise for up to a maximum of 45 per cent of the total share offer (i.e. 5,040,000 shares) will take place. A total of 11,200,000 ordinary shares, whose nominal value per share is €0.25, and are currently held by the Government of Malta and Malta Government Investments Limited, are being made available for subscription at a price of €0.50 per share.

The remaining shares and any shares not acquired during the pre-placement will be made available during the general public offering which opens tomorrow and closes on Friday or earlier in the case of over-subscription. Applications are for a minimum of 2,000 shares and in multiples of 100 shares thereafter. MaltaPost has submitted an application for its total share capital amounting to 28,000,000 shares to be admitted to the Official List of the Malta Stock Exchange.

Applications forms and the Prospectus are available at all local commercial banks and authorized financial intermediaries.