The government shares in Maltapost that were available for sale on Monday and yesterday were snapped up with the demand exceeding the supply by far, sources said.

A pre-placement of 45 per cent of the 11,200,000 shares was made available on Monday. This percentage which was made available to stock brokers was sold out by mid-day, Monday.

The sale was oversubscribed 13-and-a-half times.

The remaining shares were offered to the public yesterday with the demand exceeding the supply by seven times, the sources added.

The nominal value of each share was €0.25 (11c). The shares were available for subscription at €0.50 (21c) each.

Applications were for a minimum of 2,000 shares and in multiples of 100 shares thereafter.

Maltapost has submitted an application for its total share capital of 28 million shares to be admitted to the official list of the Malta Stock Exchange.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.