sl_388.1

DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE)

9 Articles / Provisions · Malta

Open official source Machine-readable Markdown (.md)

Table of Provisions (9)

Preamble Reg. 1 Title. Reg. 2 Mode of issuing stock. Reg. 3 Allotment policy. Reg. 4 Trading on the Malta Stock Exchange. Reg. 5 Sum of money to be raised. Reg. 6 Rate of contribution to sinking fund. Reg. 7 Rate of interest and dates of payment. Reg. 8 Redemption of stock.

Statutory Text (9 Articles)

Laws of Malta — Subsidiary Legislation 388.1 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE)

Preamble — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE) Open official source

ISSUE OF LM7,500,000 6.3%

MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE)

SUBSIDIARY LEGISLATION 388.01

DIRECTIVE BY THE MINISTER OF FINANCE FOR

THE ISSUE OF LM7,500,000 6.3% MALTA

GOVERNMENT STOCK 1999 (THIRD ISSUE)

4th April, 1996

LEGAL NOTICE 56 of 1996.

Laws of Malta — Subsidiary Legislation 388.1 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE)

Reg. 1 Title. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE) Open official source

The title of this Directive is Directive by the Minister of

Finance for the Issue of Lm7,500,000 6.3% Malta Government

Stock 1999 (Third Issue).

Laws of Malta — Subsidiary Legislation 388.1 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE)

Reg. 2 Mode of issuing stock. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE) Open official source

The stock shall be issued at the price of Lm 100 per cent

and shall be allotted by application in multiples of Lm100.

Applications for the allotment of stock shall open on Monday, 15th

April, 1996 at 8.30a.m. and shall close at 12.00 noon on Saturday,

27th April, 1996, or earlier at the discretion of the Accountant

General.

Laws of Malta — Subsidiary Legislation 388.1 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE)

Reg. 3 Allotment policy. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE) Open official source

All persons and/or entities are eligible to apply. Allotment

will be on a first-applied first-accepted basis with preference being

given to non-banking applicants.

Laws of Malta — Subsidiary Legislation 388.1 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE)

Reg. 4 Trading on the Malta Stock Exchange. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE) Open official source

An application for the stock to be put on the official list

and trading on the Malta Stock Exchange will be made in terms of

the Malta Stock Exchange Act, when the stock has been allotted.

Laws of Malta — Subsidiary Legislation 388.1 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE)

Reg. 5 Sum of money to be raised. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE) Open official source

The sum of money to be raised by the stock shall be

Lm7,500,000.

Laws of Malta — Subsidiary Legislation 388.1 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE)

Reg. 6 Rate of contribution to sinking fund. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE) Open official source

On issue date, three parts out of every ten of the total

balance standing to the credit of the sinking funds of the stocks

declared as being redeemed in the twelve treasury notices

published in the Gazette of 4th April, 1996 will be transferred to

the Sinking Fund 6.3% Malta Government Stock 1999 (III)

established for the purpose of redeeming the stock. A further half-

yearly appropriation of not less than Lm75,000 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 during the first six months of the year 1997.

Laws of Malta — Subsidiary Legislation 388.1 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE)

Reg. 7 Rate of interest and dates of payment. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE) Open official source

Interest at the rate of Lm3.15 for every Lm100 stock shall

be payable in arrear half-yearly on the 1st February and the 1st of

August of every year during the currency of the stock. The first pro

rata payment covering the period from the 28th April, 1996 to the

1st August, 1996 shall be made on the 1st day of August, 1996.

Laws of Malta — Subsidiary Legislation 388.1 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE)

Reg. 8 Redemption of stock. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE) Open official source

The stock shall be redeemed at par on the 1st August, 1999.

DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM7,500,000 6.3% MALTA GOVERNMENT STOCK 1999 (THIRD ISSUE)

Table of Provisions (9)

Statutory Text (9 Articles)

Need to analyze how this provision applies to your matter?