The government yesterday announced its allocation policy for the Maltapost plc general public offering. It said that all the minimum applications of 2,000 shares will be met in full; those who applied for more than 2,000 shares will be allotted the first 2,000 shares in full, and 1.1062 per cent of the remaining balance.

In line with the terms of the prospectus, allocation advices and refunds of unallocated monies will be dispatched on 24 January.

The shares of Maltapost plc will be admitted to the Official List of the Malta Stock Exchange on 24 January while trading is expected to commence on Friday, 25 January.