Up to half the shares of the 20 per cent of issued share capital of Malta International Airport will be reserved for applications from holders of Malta Government Privatisation Bonds when the share offer is made to the public, Malta Government Privatisation plc announced yesterday.
The holders will be able to exchange their bonds for the shares on offer.
Only holders of bonds on the Register of Bondholders as at the close of business on September 26 will be eligible to participate in the offering of shares, up to the nominal value of bonds held by them, with preference over other applicants up to the limit of the reserved portion.
Full details of the terms and conditions will be sent to all eligible bond holders following the official launch of the share offer.