‘A vision that goes back years’: APS Bank rings bell at the Malta Stock Exchange

Last Monday, the Malta Stock Exchange hosted the ‘Ringing of the Bell’ event to mark the listing of 359.7 million APS Bank plc shares. Earlier in June, the Bank closed a highly successful and heavily oversubscribed Initial Public Offering (IPO) of 110 million new ordinary shares at an issue price of €0.62 per share.

It closed the IPO on the very same day it had opened it to the public thanks to overwhelming demand.

In his welcome speech, MSE chairman Joseph Portelli commented: “I can see, based on the people here, there is real pride at APS, that you have taken this significant step. Congratulations to all of you, to your Board and your shareholders. Congratulations to the APS team, we are thrilled that, after your bond issue of 2020, you are now a key member of the Malta Stock Exchange family. Keep up the great work.”

In his reply, Marcel Cassar, APS Bank CEO, said: “The ‘Ringing of the bell’ 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 much more to deliver. In our towns and villages, we ring bells to announce important events and milestones, and we hope to have other opportunities to ring bells, maybe not this one, with an even louder chime.”

The event was attended by members of APS Bank Management and Staff who worked closest 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.