sl_393.2

DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002

9 Articles / Provisions · Malta

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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 393.2 — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002

Preamble — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002 Open official source

ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT

STOCK 2002 (FOURTH ISSUE)

SUBSIDIARY LEGISLATION 393.02

DIRECTIVE BY THE MINISTER OF FINANCE AND

COMMERCE FOR THE ISSUE OF LM5,000,000

6.9% MALTA GOVERNMENT STOCK 2002

(FOURTH ISSUE)

26th September, 1997

LEGAL NOTICE 145 of 1997.

Laws of Malta — Subsidiary Legislation 393.2 — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002

Reg. 1 Title. — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002 Open official source

The title of this Directive is Directive by the Minister of

Finance and Commerce for the Issue of Lm5,000,000 6.9% Malta

Government Stock 2002 (Fourth Issue).

Laws of Malta — Subsidiary Legislation 393.2 — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002

Reg. 2 Mode of issuing stock. — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002 Open official source

The stock shall be issued at the price of Lm100 per cent

and shall be allotted by application in multiples of Lm100.

Applications for the allotment of stock shall open on Monday, 6th

October, 1997 at 8.30a.m. and shall close at 12.00 noon on

Saturday, 18th October, 1997 or earlier at the discretion of the

Accountant General.

Laws of Malta — Subsidiary Legislation 393.2 — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002

Reg. 3 Allotment policy. — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002 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 393.2 — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002

Reg. 4 Trading on the Malta Stock Exchange. — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002 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 393.2 — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002

Reg. 5 Sum of money to be raised. — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002 Open official source

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

Lm5,000,000. raised.

Laws of Malta — Subsidiary Legislation 393.2 — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002

Reg. 6 Rate of contribution to sinking fund. — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002 Open official source

On closing date, one part out of every five of the total

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

declared as being redeemed in the six treasury notices published in

t h e G o v e r n m e n t G a z e t t e o f 2 6 t h S e p t e m b e r, 1 9 9 7 w i l l b e

transferred to the Sinking Fund 6.9% Malta Government Stock

2002 (IV) established for the purpose of redeeming the stock. A

further half-yearly appropriation of not less than Lm50,000 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 latter six months of the year

1998.

Laws of Malta — Subsidiary Legislation 393.2 — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002

Reg. 7 Rate of interest and dates of payment. — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002 Open official source

Interest at the rate of Lm3.45 for every Lm 100 stock shall

be payable in arrear half-yearly on the 30th March and the 30th of

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

pro rata payment covering the period from the 19th October, 1997

to the 30th March, 1998 shall be made on the 30th day of March,

1998.

Laws of Malta — Subsidiary Legislation 393.2 — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002

Reg. 8 Redemption of stock. — DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002 Open official source

The stock shall be redeemed at par on the 30th September,

2002.

DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.9% MALTA GOVERNMENT STOCK 2002

Table of Provisions (9)

Statutory Text (9 Articles)

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