into Lml5 ,ooo ,ooo 6" Malta Government Slock
Table of Provisions (6)
Statutory Text (6 Articles)
I •• N. 145 of 1994
LOCAL LOANS
(REGISTERED STOCK AND SECURITIES) ORDINANCE,
(CAf'. 161)
CONVERS ION OF STOCK
D1rfttln by 11>0 Min;,,1ft" of Finan~
for lhe CGft\"el'5kln of Lm 15,000,000 oot of tile Lm40,ooo,ooo
6"" ~a/ Ooi'nll>fK'Wnl Regi<l8"NI Stock 1994 (11)
into Lml5 ,ooo ,ooo 6" Malta Government Slock
(Connrslon) 1999 (11)
IN exercise of tile powersconferrcd byseaion 4(1)(a) ofthc I..oc;il
Loans (Registered Stock and Secu rities) Ordinance, Cap. 161. the
Minister of Finance has declared Lm1 5,OOO,OOO oot of the
I..m4O ,OOO,OOO 6% l....cK:ai Development Registe red Slock 1994 ( 11)
which is due for repayment between ls1 January , 1994 and 31st
Deoember, 1994 to be convertible into regUicred stock to be iMued
under the provisions of tile Ordinance.
The Minister has abo au thorised in terms of section 31 (b) and 32 of
Ihe same Ordinance that, for the conversion of Lm 15 .1nl.OOO oul of the
l.m4O ,OOO,OOO 6% Local Development Registered Sux:k 1994 (lJ) a new
6% Malt. Govern ment (Conversion ) Stock 1999 (11) be created and
issued as follows
The Slock shall be issued It the price of LmIOO per cent and
shall be allOlled by application in multiples of LmIOO . Appl ications for
the allotlmenl of Stoc k sha ll open on Monday, 31st October. 1\194 al
Kull pcnuna urIC'''' en li. inkluZl Isl il u12jonijiel Bankarji.
jistaflu japplikaw gbal dan l-iSIOCk. L-gboti la' l·iSlOCk jinghata fuq
kriurji pubblikali m·prospclI.
Issir applikaujoni sabiex l·iSlOCk jilqieghed fuq il·lisla uffi~ja li
u j~r negozjar lieghu fit·Borta la' MDlla skond id -dispotiujonijiel ta' I-
All d"''lIr il·Bm7.a 11' Malla mela dan l·iS/ock jilballas kollu .
Is-somma la' flus li ghandha lingabar bl·iSlock Ik un ta ' Somm ... · n ..
lml~.OOJ,OOJ.
S. Mid-dala la' bdil, lliela minn kun Imienja lal·bjlant 1i jku n
jinsab liI·kredilu tll ·Fond lal·Ammonizzamenl 6% Srock Lokali p .a. - .. '
Repll1lt ghall·lrnlupp 1994 (11) ji;; traderit g/'Iall· Fond lal· Anunortizzamont.
Ammorlizzamenl 6% Slock lal·Gvern la' Malta ( Bdil) 1999 (11).
Approprjaujoni kull silt ~hur la' mhu~ anqas minn Lm l87,500 mid·
dhuJ generali u mill·attiy laJ-Gvern ' I ' Malta aflandh~ ssir bllala
konlribuujoni gball·Fond ta' Ammonizzamenl sabiex jinreda l·iS/ock ,
L-e_el konlributtjoni ghandha ssir malu) l-e_el si ll xhur IIIS-sena
''''.
" L-imghax ghandujilllallasb'tun kuttsill xh urrKl-19 1l' Mejju u
fid-19 ta' Novembru la' kutt sena matul il_kor5la' l.iSl~k . L-e_e1 bias
la' Lm3,OO kull LmIOO Slock relauiv gtlatt-pc:r)odu mill·20 la'
Novembru. 1994 sad-19 ta ' Mejju, 1995 gIIandu jsir fid-19 ta ' Mejju,
1995,
7,
L-iSlock jinfeda b'parill fld-1 9la' Novcmbru, 1999,
30 a .m. Ar.d ~hall close at 12.00 nOOn on Saturday, 19th November ,
1994 or ea rlier at the diS(rcti on of the Aocountant General.
2. All persons andlor entities. including Banking Institulions, arc
eli gible 10 appl y fo r this Stock. Allottment shall be made as per criteri a
published in Ihe prospectus.
J . An application for the Stock to be put on the officiall il!1 and
Irading on the Malta Stock Exchange will be made in tc rms of the Malta
Stock Exchange Act. when the Stock has been fully subscribed .
4. The wm of money to be raised by Ihe Stock shall be
LmI5 ,OOO ,OOO.
5. On con~enion date. threc-eighlh$ of the balance: standinS to
tile credit of Sinking Fund 6% Local Development Registered Stock
1994 ( U) will be transferred 10 Sinking Fund 6% M~t~ Gowrnme nt
Stock (Convenion) 1999 (11). A half yurly appropnatlOl1 of IIOt lcss
than LrnI 87,500 oot of Ihe general revenue and _ u of the
Gow mmcnt of Malta $hall be made as a contribution to the Sinking
Fund established for the p!.Irpose of redeeming the Stock. The lint
c:ontribution shall be made during tbe fint sill months of the year 1995.
Inte rest shall be payable in arrear half·yearly on the 19th of
6. M ay and tile 19th of Novembe r o f every year during the currency of the
Stock. The first payment of Lm3.00 per lml00 stock covering the
period from the 20ih November. 1994 to the 191h May. 1995. shall be
made on the 19th day of M ay , 1995.
7. The Stock shall be rcdecmrd at par on 19th N~mbc r . 1999.
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