Photo : HSBC MaltaHSBC Bank Malta has announced plans to convene an Extraordinary General Meeting on 13 February 2025 to address the potential sale of 70% of its shareholding.
The announcement, released as a company statement today, outlines that shareholders will have the opportunity to deliberate on a resolution concerning sensitive information disclosure related to the potential sale. This follows the bank’s confirmation on 28 November 2024 of receiving multiple expressions of interest from potential buyers.
Shareholders holding at least 5% of the bank’s voting share capital will be afforded significant procedural rights. They may request the inclusion of agenda items or table draft resolutions, with a deadline of 29 December 2024 for such submissions.
APS Bank plc has already emerged as a prominent interested party, submitting a non-binding offer for HSBC Malta’s acquisition. The proposal aligns with APS’s strategic objective of expanding its operational scale and enhancing stakeholder value, supported by advisors Alvarez & Marsal and Ganado Advocates.
Archbishop Charles Scicluna, whose Archdiocese holds a significant share in APS Bank, addressed speculation surrounding APS Bank’s potential acquisition of HSBC Malta. Speaking at the Diocesan Assembly last month, he stressed that the deal is “far from being a done deal” and reiterated the importance of fact-based discernment.
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