6 .3 % Malta Government Stock 1999
Table of Provisions (7)
Statutory Text (7 Articles)
L.N. 56 01 tJ96
LOCAL WAN ACT, 1996
(ACT NO. XU O F 1996)
LOCALWANS
(REGISTERED STOCK AND SECURITIES) O RDINANC E
(C AP. 161)
Directive by the Minister of Fina nce
for the Issue of Lm7,sOO,ooo
6 .3 % Malta Government Stock 1999
(THIRD ISSUE)
IN exercise of the powersconfell"td by the Loca.I Loan Act, 1996
and by sections 4( I Xa), 3 1 (a)(b) and 32 of the Lcxal Loans (Registered
Stock and Securities) Ordinance. Cap. 161, the Mi nister of Finance
has authorised that the sum ofLm?,500,ooo 63% Malta Government
Stock be cre ated and issued as follows;-
I. The Stock shall be issued at the price ofLm 100 per cent and _
shall be allotted by application in multiples of Lm 100. Applications Sooxl .
for the allotment of Stock shall open on Monday, 15th Apri l. 1996 at
8.30a.m . and shall close at 12.00 noon on Saturday, 27th Apri l. 1996,
or earlier at the discretion of the Accountan t General.
2 . All persons andlor entities are eligible to apply. Allotment ..,1-.. ~iqo .
will be on a fir:st~ applied first-accepted basis with preference being
given to non-banking applicants.
3 . An application for the Stock to be put on the official list and TfadinlOll .... MoI ..
trading on the Malta Stock Exc hange will be made in leons of the ~,k~"i<'
Mal ta Stoc k Exchange Act. when the Stock has been allotted.
4 . The su m of. money to be raised by the Stock shall be S- ur-,. .. bo
Lrn7.500.ooo.
...-.
S. On issue date, three parts OI.It of every ten of the total balance Rob! of C<lIIITibollion
standing to the credit of the Sinking Funds of the Stocks declared as .oS;nI;iO\j; F""",
being redeemed in the twelve Treasury Notices published in the
Government Gazette of 4th April , 1996 will be transferred 10 the
Sinking Fund 6.3% Malta Government Stock 1999 (HI) established
for the purpose of redeeming the Stock . A fu rt her half-yea rly
appropriation of not less than Lrn75.ooo out of the General Revenue
and Assets of the Government of Malta shall be made as a contribution
to this same Sinking Fund. The first contribution shall be made du ring
the first six months of the year 1997 .
B ...
6 . Interest at the rate of Lm3 .1S (or every Lm lOO Stock shall be
payable in arrear half-yearly on the 1st February and the 1st of August
of every yearduring thecurrency oftheStock. 1be first pro rata payment
covering the period from the 28th April . 1996 10 the 1st August,l996
shall be made on the 1st day of August. 1996.
7 . The Stock shall be redeemed at par on the 1st August , 1999 .
Ippllbbliu! !ftid.Dipu1I ... nl II' l.lllfonnazzPol- Kaltbjl _ Pl<biUlottl "1* Dt"..-- 0{ 1 " " " _ - IC.,liJjo
,.",....,hnI
"'i!lNsJla.~w.o...n. - ""-H.tlvc.."
fuq applik azzjoni ('ammont; Ii jidhl u eiatt bil -LmlOO .L- .. ~iSM<*_
applikazzjonijiet ghaH-ghoti ta' ,·is/ock j ifthu t-Tnejn, 15 ta' April.
1996 fit-8.30 a.m. u jaghlqu fnofsin har ta' nhar is-Sibt, 27 ta' April,
1996 jew qabe l fid-di skrezzjoni la' I-Accountant General.
Kull persuna u1jew enti jistgl'1u japplikaw gl'1al dan I-iS/tICk. f''''iqd~
L-gl'1Oli la' l-iStock jingl'1ata Iii min japplika l-ewwel, iZda ti nghatl! I·. hoti II I-OSU.-cl.
preferenza lill-applikanti Ii m'humie1l. istituzzjonijiet bankarji.
3 . Issir applikazzjoni sabie1l. l-iStock jitqiegl'led fuq iI-lisla ~,....jor~.Borb
uffiCjali u jsi r negozjar liegl'1u fiI -Boria la' Malta skond id- ~ ... ~
dispoiizzjonijiet ta' I-A t! dwar il-Boria ta' Malta meta dan l-iS/ock
jigi allokat.
Is-somma la' flus Ii ghandha tingabar bl-iS/ock Ikun ta' SomOltIl·n .. b
Jlla'ldha ,jnpbor.
Lm7.500,000.
Mid-data ta l-hrug. tHeta minn kull ghaMa mit-total ta l- ~,::"" . hall.
bilanci Ii jkunu jinsabu fiI · kreditu tal-Fondi tal-Ammonizzament ta ' f<>nd .. ' """' .
dawk l-iStoch iddikjarati Ii ser j igu mifdija fit-tnu avviii tat.Teior Ii A _ j l l k •• •
gew ippublikati fil-Oazzetta tal-Gvem ta' 14 ta' April, 1996 jigu trasferiti
ghall-Fond la ' Ammonizzament 63 'l> Srock tal-Ovem la ' Malta 1999
(UI) sabiex jinfeda J-iStock. Bam minn dan, Bpproprjazzjoni kull sin
xhur ta ' mhw: anqas minn Lm7S.ooo mid- Dh ul Gcnerali u mitl·Altiv
laI-Ovem ta' Mal ta ghandha ssir bhala kontribuzzjoni O-istess Fond
la' Ammortiuament . L-ewwel I:.ontribuzzjoni ghandha ssi t matul 1-
ewwel sitt xhur tas-sena 1997 .
L-imghax bit-rata la' Lm3.15 ghal tull Lm 100 Stock ghandu
jilhallas b'iura kull sin xhu r fl-I la' Frar u fl-. ta' Awissu la' !cull sena
matul iI-kors la' I-iS/oct. lrewweJ hlas pro rita relaniv ghall· perjodu
mil-28 ta' April. 1996 " I-lUI' Awissu, 1996 ghandu jsir fl - I la ' Awissu ,
1996.
L-iS/ockjinfeda b'paritl fl · 1 ta' Awissu. 1999.