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Bank of Valletta plc: Approval of Preliminary Statements of Annual Results «Back
COMPANY ANNOUNCEMENT - BOV212
The following is a company announcement issued by Bank of Valletta p.l.c. pursuant to Malta Financial Services Authority Listing Rules:
The Board of Directors of Bank of Valletta p.l.c. (the Bank) has today, the 28 October 2011, approved the audited financial statements for the financial year ended 30 September 2011. The Board resolved that these audited financial statements be submitted for the approval of the shareholders at the forthcoming Annual General Meeting which is scheduled for Friday, 16 December 2011. A preliminary statement of annual results is being attached herewith in terms of the Listing Rules.
The Board of Directors further resolved to recommend for the approval of the AnnualGeneral Meeting:
1. The payment of a final gross dividend of €0.08 per share making for a final net dividend of €0.052 per share which, if approved by the Annual General Meeting, would make for a total gross dividend for the year of €0.1425 per share (total net dividend per share €0.092625).
2. A bonus share issue of one (1) share for every eight (8) shares held which will be allotted to shareholders on the Bank’s share register as at close of business on 12 January 2012
1. The bonus issue will be funded by a capitalisation of reserves amounting to €30 million.
Application will be made for the necessary authorisations concerning the listing of the bonus share issue on the Malta Stock Exchange.
Shareholders on the Bank’s share register at the Central Securities Depository of the Malta Stock Exchange, as at the close of business on Wednesday 16 November 2011
2, will receive notice of the Annual General Meeting together with the Financial Statements for the financial year ended 30 September 2011.
The final dividend, if approved at the Annual General Meeting, will be paid on the 17 December 2011 to the shareholders on the Bank’s share register at the Central Securities Depository of the Malta Stock Exchange as at the close of business on Wednesday 16 November 2011.
Dr. Catherine Formosa B.A., LL.D.
28 October 2011