MT
68 tal-1994
Statutory Text (5 Articles)
L.N. 68 01' I""
LOCA L LOANS
(REGISTER ED STOCK AND SECUR m ES) ORDINANCE,
(CAP. (61 )
CONVERSION Of STOCK
nllllJlCt
()jnectiVl! by the Mln b tfr 01'
for tbe Con ¥ersIon of
Lm6 ,8B5,OOO 6'4 Local Development RegImred Stock I"" (I) Into
Lm6,885,OOO 5. 65 '4 MaItI Go¥emmmt Slod< 1998
(ThIrd blue)
IN exerci:5e of the powers conferred bysection 4(1)(a) of IIIe Local
Loans (Registered Stock and SeCllrities) OrdinllI\a:, Cap. 161, the
Minister of finance: has dedared the Lm6 ,88!i .OOO 6% Local
Development Regi~tered Stock 1994 ( I) which is due for repa yme nt
during the year 1994. 10 be oonvenible into registered stock to be issued
under tile provision~ of the Ordinance.
'The Mini~te r has also authorised in tenns of sections 31 (b) and 32
of the same O rdin ance that , for tllecoo version of the Lm6,885 ,OOO6%
Local Development Registered Slock 1994 (I) a new 5.65% Malta
Govern ment (Conversion) Stock 1998 be created and issued as follOW$
I , (a) 'The Stock shall be issued at the price of Lm l OO per cent
and shall be .notted by appIiootion in muhipla ofLmloo. Applications
for tile allotment of Stock by the present IIolders of the 6% Local
Development Registered Stock 1994 (1) shall open at 8.00 a.m . on
Monday, 20th June. 1994, and close al 12.00 noon on Saturday, 2nd
1uly.I994.
(b) AppJiCil tions from the genenl public for any remaining
balance orlhe 5,65% Malta Governmenl (Conversion) Stock 1998 (Ill)
will be received aline Treasury between 8.oo • . m. on Monday4th July,
1994 and 12 noon on Friday 1 Sth July, 1994 or earlier at the di5l.Tetion of
the Accountant General .
2, An appliau KlD for the stock to be pul on the official li st and
trading on the Malta Stock Exchange will be made in terms of tile Malta
Stock Exchange Act , wllen such Stock has bee n funy subscribed .
The sum of money to be rai$Cd by the Stock shall be
),
Lm6,88S.000.
... On conversion date , the halance standing to the credit of
Sinking Fuod 6% Local Deve lopment RegisleredSt«k 1994 (I). will be """hbu
tnnsferred 10 Sinking Fund 5.65% Maha Governmen t (Conversion)
Stock 1998. Since it is envisaged that on maturity date the invested
amount in th e Sinking Fund will be enough to rover the amount of
Stock, there would be no need for more contributions towards Ihis fund .
bsir applikazzjoni sabiu '·iSlodji!poUa fuq il·lis!a ufrKjali u
jsir negozjar ticgI'Ju fil·8orl;a la' Malta stoOO id-d.spotizzjonijiet la' I·
A ll dWlllr il·Borta la ' Malla mela dan l·iSloek jilhallas tollu .
l . b ·somma la' flus 1i glla ndha lingabar bl·iS/ock Ikun la'
Lm6.885,(XXJ.
Mid·data la' bdil. il·bilaJl~ li jkun ji n~ab fil·kreditu tal·Fond lal·
Amm\Jrt iname nt 6% Slock Lokali Ke*istral ghalJ.ltvillupp 1994 ( I) jip
trasfc ri l gI'Iall· Fond tal- Ammortizzamcnl 5.65% Stock tal·Gvem la'
Malta (Bdi!) 1998 (Ill ). Billi hU"'1 previst li ud-dara lal·gl'leluq dan jJ.
bilant investil ikun bit:l:ejed , ma jtunx hcmm il·htie*a gbal atlar
tonlribllZZjonijiel rdan il·fond ,
L-imgl'lu ghandu jil1'1allas "'Iura kull sin xhur fiI·IS la' Lulju u
Interesl shall be payable in arrear hulf-yearly on tile 151h day of
July and the 15th day of January in eve ry year during theturrc ncyofthe
Stock. The fint paymelll of Lm2.82cS pe r LmlOO Slock covering the
period from the 15th July. 1994 to the 14th }anl,lary . 1995, s hall be made
on Ihe 15th day of January , 1995.
The Stock shall be redeemed al par on ISlh July, 1998.
.-
.11. · ~I"'.......,.. - llMI iIjo
~1ty""D<,...=.41 D{ ""'"
IFP : ! ' . . . , . . . . . . Dipo
taI-G.... _."""""'"'--..,.....
loIi""",,, II- I ............