HSBC Bank Malta plc – Annual General Meeting Held

HSBC Bank Malta p.l.c. (the Bank) held its Annual General Meeting on 13 April 2017 where all the Ordinary Resolutions on the agenda were approved in accordance with the Bank’s Memorandum and Articles of Association.

In terms of Article 7(1) of the Bank's Memorandum, Mr Saviour sive Sonny Portelli (Chairman), Mr Andrew Beane, Mr Christopher Davies, Professor Andrew Muscat, Ms Alison Hewitt and Mr Yiannos Michaelides were appointed as Directors by the majority shareholder.

Since only three persons were nominated for election, Mr John Bonello, Dr Gordon Cordina and Dr Mary Anne sive Sue Vella were automatically elected as directors by the minority shareholders in terms of Article 77(4) of the Bank's Articles of Association.

With the exception of Mr Andrew Beane, all the Directors are Non-Executive Directors.

Mr Yiannos Michaelides, who replaces Dr Philip Farrugia Randon LL.D. on the Board, resides at 10 Pnytagora Street, Apartment 401, Engomi, Nicosia P.C.2406, Cyprus.

Mr Michaelides has over 26 years of International Business experience involving Telecoms & Media. He held various Management positions in North America, Europe, Middle East and Africa. Till 31 March 2017 Mr Michaelides occupied the post of Group CEO of GO p.l.c. Mr Michaelides holds a B.Eng (Honours), M.Eng from McGill University (Montreal, Canada) and an M.B.A. with distinction from Warwick Business School (UK). A former Non-Executive Director of Marfin Investment Group, former Non-Executive Director of GO p.l.c, and presently a Non-Executive Director of Forthnet SA.

No matter concerning Mr Yiannos Michaelides requires disclosure under Listing Rules 5.20.5 to 5.20.9. The profile of Ms Alison Hewitt was included in Company Announcement HSBC299 published on 1 February 2017.

The appointment of Ms Alison Hewitt and Mr Yiannos Michaelides will be effective from the date of approval by the Regulator.

To view the official company announcement, click here.