The Malta Stock Exchange (MSE) hosted a ‘Ringing of the Bell’ ceremony to mark the listing of 359.7 million APS Bank plc shares earlier this week.

Earlier this month, the bank closed its Initial Public Offering (IPO) of 110 million new ordinary shares just six hours after opening thanks to the immense interest it attracted.

Marcel Cassar / APS Bank

These were priced at €0.62 per share.

“The ‘Ringing of the Bell’ is a significant event for the MSE and for us. This project was born out of a vision that goes back years and still has much more to deliver,” APS Bank CEO Marcel Cassar said.

“In our towns and villages, we ring bells to announce important events and milestones, and we hope to have other opportunities to ring bells, maybe not this one, with an even louder chime,” he continued.

MSE Chairman Joseph Portelli addressed the event with a welcome speech.

“I can see, based on the people here, there is real pride at APS, that you have taken this significant step,” he said.

“Congratulations to all of you, to your Board and your Shareholders. Congratulations to the APS team. We are thrilled that, after your bond issue of 2020, you are now a key member of the MSE family. Keep up the great work,” Mr Portelli added.

The event was attended by members of APS Bank Management and staff who worked closest on the IPO, senior representatives from joint sponsors and managers Rizzo Farrugia & Co. and Curmi & Partners, Legal Counsel Ganado Advocates, and management and staff of the MSE.

This milestone was also celebrated by Doreanne Caruana, Head of Corporate Advisory – Capital Markets at Rizzo Farrugia & Co.

“359,715,661 – that’s the number of shares we listed for the APS Bank IPO. Today, we held the customary ringing of the bell ceremony at the MSE, celebrating the trading of the stock on the official list,” Ms Caruana wrote on social media.

“Cheers to one of the biggest IPOs in a while,” she concluded.

Related

Nadia Pace / LinkedIn

‘I went in as a girl, I returned as a woman’: Nadia Pace on being given first major opportunity 20 years ago

26 September 2023
by Fabrizio Tabone

She joined Perideo S.A. Group as a Research and Development Executive in 2003, laying the foundations for a highly successful ...

Bare minimum Mondays: The latest workplace TikTok trend to hit your office

25 September 2023
by Fabrizio Tabone

This concept allows employees to start their Mondays focusing on doing the minimum required.

‘It’s about seizing every moment to feed the mind’: Paul Grech on why leadership books are a must

25 September 2023
by Fabrizio Tabone

MaltaCEOs.mt speaks to Paul Grech, an avid leadership book reader, about the impact that some time dedicated to reading such ...

Staff poaching: An ‘unethical’ practice or a reminder to re-evaluate your company culture?

25 September 2023
by Fabrizio Tabone

Chief Operating Officer Edmond Bonett says that employers should first focus on what they are providing to their employees, such ...

Close Bitnami banner
Bitnami