sl_388.14

DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

10 Articles / Provisions · Malta

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Table of Provisions (10)

Preamble Reg. 1 Title. Reg. 2 Purpose of issue. Reg. 3 Mode of issuing stock. Reg. 4 Allotment policy. Reg. 5 Trading on the Malta Stock Exchange. Reg. 6 Sum of money to be raised. Reg. 7 Rate of contribution to sinking fund. Reg. 8 Rate of interest and dates of payment. Reg. 9 Redemption of stock.

Statutory Text (10 Articles)

Laws of Malta — Subsidiary Legislation 388.14 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

Preamble — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE) Open official source

ISSUE OF €27,952,480.78

7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

SUBSIDIARY LEGISLATION 388.14

DIRECTIVE BY THE MINISTER OF FINANCE FOR

THE ISSUE OF €27,952,480.78 7.5% MALTA

GOVERNMENT STOCK 2011 (FIRST ISSUE)

10th September, 1996

LEGAL NOTICE 176 of 1996, as amended by Legal Notice 425 of 2007.

Laws of Malta — Subsidiary Legislation 388.14 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

Reg. 1 Title. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE) Open official source

The title of this Directive is Directive by the Minister of

Finance for the Issue of €27,952,480.78 7.5% Malta Government

Stock 2011 (First Issue).

Laws of Malta — Subsidiary Legislation 388.14 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

Reg. 2 Purpose of issue. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE) Open official source

The present issue of stock is being made for the purpose of

making good part of the deficit projected to be incurred by the

Consolidated Fund in the year 1996.

Laws of Malta — Subsidiary Legislation 388.14 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

Reg. 3 Mode of issuing stock. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE) Open official source

The stock shall be issued at the price of €232.94 per cent

and shall be allotted by application in multiples of €232.94.

Applications for the allotment of stock shall open on Monday, 23rd

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

Saturday, 28th September, 1996, or earlier at the discretion of the

Accountant General.

Laws of Malta — Subsidiary Legislation 388.14 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

Reg. 4 Allotment policy. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST 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 388.14 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

Reg. 5 Trading on the Malta Stock Exchange. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST 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 388.14 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

Reg. 6 Sum of money to be raised. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE) Open official source

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

€27,952,480.78.

Laws of Malta — Subsidiary Legislation 388.14 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

Reg. 7 Rate of contribution to sinking fund. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE) Open official source

A half-yearly appropriation of not less than €279,524.81

out of the general revenue and assets of the Government of Malta

shall be made as a contribution to the sinking fund established for

the purpose of redeeming the stock. The first contribution shall be

made during the latter six months of the year 1997.

Laws of Malta — Subsidiary Legislation 388.14 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

Reg. 8 Rate of interest and dates of payment. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE) Open official source

Interest at the rate of €3.75 for every €100.00 stock shall

be payable in arrear half-yearly on the 28th March and the 28th of

September of every year during the currency of the stock. The first

payment covering the period from the 29th September, 1996 to the

28th March, 1997 shall be made on the 28th day of March, 1997.

Laws of Malta — Subsidiary Legislation 388.14 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

Reg. 9 Redemption of stock. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE) Open official source

The stock shall be redeemed at par on the 28th September,

2011.

DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF €27,952,480.78 7.5% MALTA GOVERNMENT STOCK 2011 (FIRST ISSUE)

Table of Provisions (10)

Statutory Text (10 Articles)

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