During this morning’s trading session the only two positive performers were RS2 Software plc and Go plc.
The equity of the IT company reached another new record level of €2.50 (+1.6 per cent) on volumes of 13,000 shares.
RS2 announced that it entered into a license agreement for its proprietary software BankWORKS with a global payment processing company for a total value of €12 million.
The agreement stipulates that the license granted is for a five-year term with an option to convert to a perpetual license in accordance with the terms.
Furthermore, RS2 entered into a services agreement with the licensee with an annual minimum spend by the licensee of €1.5 million for the first three years of the agreement (total value of €4.5 million).
RS2 explained that the amount of revenue recognised is dependent upon the terms of the agreement between RS2 and the licensee. RS2 also noted that this is one of the agreements with an existing client referred to in the company announcement dated November 14.
GO plc advanced by 0.5 per cent to regain the €1.95 level on volumes of 14,000 shares.
Despite the gains registered in RS2 and GO, the MSE Share Index declined by 0.2 per cent to 3,388.383 points following the losses registered in Bank of Valletta plc, International Hotel Investments plc and Simonds Farsons Cisk plc.
BOV’s equity eased 0.5 per cent lower to €2.13 on weak volumes of 4,200 shares.
Likewise, IHI’s share price dropped back to 78c (-1.3 per cent) on activity of a mere 985 shares. The share price of Farsons closed 0.7 per cent below its all-time high on volumes of 6,000 shares. The company’s annual general meeting is taking place on June 18.
Elsewhere all other active equities closed unchanged namely, HSBC Bank Malta plc (8,220 at €2.11), Malita Investments plc (10,000 shares at 55c), Malta International Airport plc (4,400 shares at €2.26) and MaltaPost plc (5,000 shares at €1.15).
On the bond market, the Rizzo Farrugia MGS Index declined marginally to 1,039.727 points as most of the Malta Government Stock prices eased. Eurozone yields were relatively unchanged at the 1.41 per cent level ahead of the European Central Bank monetary policy meeting scheduled for tomorrow.
Subscriptions by the General Public for the new 4.3 per cent MGS 2033 (I) at a price of 100.75 per cent close later on this afternoon.
Meanwhile, tenders in the form of sealed bids for amounts in excess of €100,000 (nom) will be accepted until noon on Monday.
Two new corporate bond issues were announced today. Mediterranean Investments Holding plc (MIH) published a prospectus in connection with a new issue of €12 million six per cent bonds 2021.
MIH is offering a preferential allocation to holders of the 7.5 per cent MIH Bonds maturing on December 4.
Mariner Finance plc issued a formal notice in connection with the issue of €30 million 5.3 per cent bonds 2024 with an over-allotment option of a further €5 million.
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