MaltaPost to expand into financial services
MaltaPost Chairman Joseph Said confirmed that the postal operator intends to expand into financial services.
MaltaPost Chairman Joseph Said confirmed that the postal operator intends to expand into financial services.
Mr Said was speaking at the company’s annual general meeting, the first to be held since it was listed in the Malta Stock Exchange.
Lombard Bank acquired a further 3.8 per cent stake in the company since its flotation, increasing its majority shareholding to 63.8 per cent. Mr Said described this acquisition as a continued expression of confidence by the bank.
Another Annual General Meeting will be held on February 17, 2009, where the company’s audited financial statements for the year ended September 2008 will be presented.
Mr Said maintained that the company expected to meet its objectives for the period, and that no events or transactions had impacted the company’s financial position to an extent requiring disclosure in terms of Listing Rules.
David Stellini and Philip A Tabone were re-appointed as company directors, forming the board of MaltaPost plc with Mr Said, Joseph Azzopardi and Aurelio Theuma.
