On Monday 27 June 2022, the Malta Stock Exchange hosted the ‘Ringing of the Bell’ event to mark the listing of 359.7 million shares of APS Bank plc.
Earlier in June, the Bank closed an Initial Public Offering (IPO) of 110 million highly successful and highly subscribed new ordinary shares at an issue price of € 0.62 per share.
In his welcome speech, the Chairman of the Malta Stock Exchange Joseph Portelli commented: “I can see, based on the people here, there is real pride in the APS, which has taken this significant step. Congratulations to all of you, your Board and your shareholders.
Congratulations to the APS team, we are glad that, following the issuance of your 2020 bonds, you are now a key member of the Malta Stock Exchange family. Keep up the great work. ”
In his reply, Marcel Cassar, Chief Executive of APS Bank, said: “The‘ Bell House ’is a significant event for the Exchange and for us.
This project was born out of a vision that goes back years and still has a lot more to deliver. In our towns and villages, we ring the bells to announce important events and milestones, and we hope to have other opportunities to ring the bells, perhaps not this one, with an even louder sound. ”
This activity was attended by members of APS Bank Management and Staff who worked most closely on the IPO. Also present were senior representatives from the Joint Sponsors and Managers Rizzo Farrugia & Co and Curmi & Partners, Legal Counsel Ganado Advocates and Management and Staff of the Malta Stock Exchange.