Bank of Valletta plc – Approval of Preliminary Statement of Annual Results

The Bank’s Board of directors have today, the 28 October 2016, approved the audited financial statements for the financial year ended 30 September 2016. 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 2016.

Further the Board resolved to recommend for the approval of the Annual General Meeting:

The payment of a final gross dividend of €0.0852 per share making for a final net dividend of €0.0554 per share which, if approved by the Annual General Meeting, would make for a total gross dividend for the year of €0.1243 per share (total net dividend per share €0.0808).

A bonus share issue of one (1) share for every thirteen (13) shares held which will be allotted to shareholders on the Bank’s share register as at close of business on Monday, 16 January 2017. 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 2016, will receive notice of the Annual General Meeting together with the Financial Statements for the financial year ended 30 September 2016.

The final dividend, if approved at the Annual General Meeting, will be paid on the 16 December 2016 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 2016.

To view the full annoucement, click here.