Mur Lura
Government Notices published in Govt. Gazette No. 18,979 of the 19th October 2012
01/01/2012
No. 1043
PUBLICATION OF BILLS IN SUPPLEMENT
IT is notified for general information that the following Bills are published in the Supplement to this Gazette:
Bill No. 122 entitled the Members of the Judiciary (Pensions) Act, 2012;
Bill No. 123 entitled the Legal Profession (Advocates) Regulation Act, 2012; and
Bill No. 124 entitled the Notarial Profession and Notarial Archives (Amendment) Act, 2012.
No. 1044
ACTING PRIME MINISTER
IT is notified for general information that, acting on the advice of the Prime Minister, the President of Malta has directed that the Hon. Tonio Borg, LL.D., M.P., Deputy Prime Minister and Minister of Foreign Affairs, assumes the additional duties of the Prime Minister, on Wednesday, 17th October, 2012 and Friday, 19th October 2012 during the absence of the Hon. Lawrence Gonzi, K.U.O.M, LL.D., M.P.
No. 1045
RESUMPTION OF DUTIES BY THE PRIME MINISTER
IT is notified for general information that the Hon. Lawrence Gonzi, K.U.O.M., LL.D., M.P., resumed duties as Prime Minister on Friday, 19th October, 2012 and that the arrangements made by Government Notice No. 1044 of the 15th October, 2012, ceased to have effect accordingly.
No. 1046
RELEASE OF LAND
THE following declaration made by the President of Malta under section 3 of the Land Acquisition (Public Purposes) Ordinance (Chapter 88) is published in terms and for the purposes of Section 9(1) thereof.
Declaration OF the President of Malta
Whereas by the Declaration of the President of Malta published in the Government Gazette of the 30th October, 1975 under Notice No. 708 dated 4th November 1975, the President of Malta had declared that the land described hereunder is required by the competent authority for a public purpose in accordance with the provisions of the Land Acquisition (Public Purposes) Ordinance (Cap. 88) and whereas the premises is no longer so required, I hereby declare for all intents and purposes of law, that the undermentioned premises is no longer required by the competent authority for a public purpose in accordance with the provisions of the aforementioned Ordinance.
Description of the Land
The following premises at Paola:
Premises No. 152 (at present 148), Triq Ħaż-Żabbar, Paola (Lotto Office Number 43).
The abovementioned premises is shown marked with the colour red on plan L.D. 361/74, which may be seen on demand at the Land Department, Auberge de Baviere, Valletta.
(Sgd) George Abela
President
No. 1047
APPOINTMENT OF ACTING DIRECTOR GENERAL (TREASURY)
THE Permanent Secretary in the Ministry of Finance, the Economy and Investment has approved the following acting appointment:–
NAMEPOSITIONDEPARTMENTDATE
Ms Paulanne MamoDirector GeneralTreasury15-19.10.2012
No. 1048
CASUAL ELECTION 2012 – IL-MARSA
Declaration of Result of a Casual Election
WE, the undersigned, Electoral Commissioners at the Casual Election of a Councillor, held on the 15th day of October, 2012, to fill the seat vacated by Spiteri Christopher, an elected Councillor for the said locality, do hereby give notice that the ballot papers in the sealed parcel of the vacating Councillor were duly examined and transferred according to the validly nominated candidate and that the result is as shown hereunder:–
} 334} 1} 167
Number of votesNumber ofCouncillorsQuota
in Parcelto be elected1st Count
Name of Candidate
Votes
PARTIT LABURISTA
CACHIA JOSEPH299E
Non-Transferable Papers35
..................................... Total334
WE do hereby declare that CACHIA JOSEPH is duly elected Councillor for the above-mentioned locality.
Dated this 15th day of October, 2012
SALV. GAUCI
Chief Electoral Commissioner
J.M. BUTTIGIEGM. CALLUSV. GANADOS. SANT
J. SCICLUNAT. SULTANAR. ZAMMITJ.ZAMMIT MAEMPEL
Electoral Commissioners
No. 1049
PROSPECTUS
ISSUE OF AN AGGREGATE OF EURO 100,000,000
MALTA GOVERNMENT STOCKS
Subject to an Over-Allotment Option of Euro 40,000,000
in the event of over-subscription
Authorised under the Budget Measures Implementation Act, 2012 (Act No. V of 2012) and the Local Loans (Registered Stock and Securities) Ordinance, Cap. 161
1. ISSUANCE OF STOCK
The Accountant General is offering an aggregate Euro 100,000,000 of Malta Government Stocks which are being offered and made available in any one or any combination of the following Stocks:
(i) 3.75% Malta Government Stock 2017 (IV) Fungibility Issue, and
(ii)4.3% Malta Government Stock 2022 (II) Fungibility Issue, and
(iii) 4.8% Malta Government Stock 2028 (I).
2. APPLICATIONS
a) Applications open at 8.30 a.m. on Monday, 29th October, 2012 and close on the time and dates as hereunder, or earlier at the discretion of the Accountant General:
(i) at 5.00 p.m. on Wednesday, 31st October, 2012 for applications by any single and/or joint applicants which in the aggregate do not exceed Euro 100,000 per person, and
(ii)at noon on Friday, 2nd November, 2012 for applications in the form of sealed bids (auction) under paragraphs 2(e) and 2(f).
b) All applications are to be made in multiples of €100 on the prescribed form.
c) Application forms may be downloaded from Treasury’s website (www.treasury.gov.mt) or obtained from, and lodged at, all Members of the Malta Stock Exchange and other authorised Investment Service Providers.
d) Applications by any single and/or joint applicants, which in the aggregate must not exceed €100,000 per person in any or each of the three Stocks, shall be at a price to be established for each Stock. Such Offer Price for each Stock will be announced to the Malta Stock Exchange and published in daily local newspapers three (3) days prior to opening of the applications. Applicants under this category are precluded from bidding also under paragraphs (e) and (f) below.
e) Applications by any single applicant, which in the aggregate are over €100,000, but do not exceed €500,000 in any or each of the three Stocks, shall be in the form of sealed bids for a minimum of €100,100 each. Applicants under this category are precluded from applying also under paragraphs (d) and (f).
f) Applications by any single applicant, which in the aggregate exceed €500,000 in any or each of the three Stocks, shall be in the form of sealed bids for a minimum and multiples of €500,000 each. Applicants under this category are precluded from applying also under paragraphs (d) and (e).
g) Bids on the prescribed forms are to be deposited at the Treasury Tender Box - Floriana or transmitted by fax on 2596 7210 or by e-mail at the e-mail addresses indicated on the application forms.
h) Applications by minors will only be accepted if signed by a legal guardian.
i) Applications in the name of ‘Nominee a/c’ and/or ‘Clients a/c’ will only be accepted if accompanied by a list showing the identity card number, or in case of a body corporate, the relevant identification number of their respective clients. The amount applied for by any single person, and/or two or more persons as joint applicants, listed under the Nominee/Clients a/c must not exceed €100,000 per person in any or each of the three Stocks.
j) All applications will be irrevocable after closing time.
3. CLEARING FACILITIES
a) MaltaClear
Clearing and settlement of transactions in Malta Government Stocks traded on the Malta Automated Trading System (MATS) are effected through MaltaClear in accordance with Chapter 7 of the Malta Stock Exchange Bye-Laws.
b) Clearing (FOP) through Clearstream – MSE Access Link
(i) Applicants under paragraphs 2 (e) and (f) above, may also avail of the clearing facility (FOP) provided through the Malta Stock Exchange plc (MSE) – Clearstream Banking AG – Frankfurt (CBF) Access Link as direct customers of CBF or Clearstream Banking SA, Luxembourg (CBL), or indirectly by being capable of clearing through CBF/CBL via another central securities depository or international central securities depository (‘other CS/ICSD’) linked to CBF/CBL.
(ii) The Accountant General shall cancel any allotment of stock to any institution claiming to be CBF/CBL customers or otherwise capable of clearing via CBF/CBL, but which are rejected by Clearstream for any reason whatsoever in the process of registration. Once a subscription is rejected, the Accountant General shall refund the subscription proceeds and transfer funds in the bank account notified on the bid form.No interest shall be paid in respect of the period from the receipt of payment at Central Bank of Malta to the date of receipt of refund.
4. ALLOTMENT POLICY OF STOCK
Allocation of Stock will be made in the following order:
a) applications by auction will be considered after applications at the Offer Price per €100 nominal are exhausted.
b) In the event that the original sum on issue is over-subscribed, the Treasury reserves the right to:
(i) exercise the over-allotment option at paragraph (5) by issuing further stocks; and
(ii)first allocate and satisfy the applications to applicants falling under paragraph (2) (d).
c) In case that notwithstanding the exercise of the over-allotment option there still remains applications which are unsatisfied, then the Treasury will scale down applications as deemed appropriate.
d) Bids at the last rate accepted for each Stock by more than one applicant will be allotted in proportion to the amount of the bids for each respective Stock. The allotment results of each Stock to applicants whose applications are in the form of sealed bids (auction) will be determined and announced within two hours immediately after the closing time of applications by auction.
e) Any amount allotted to the Government Funds will be at the cut-off rate.
5. OVER-ALLOTMENT OPTION
The Accountant General reserves the right to exercise an over- allotment option for an additional amount of € 40,000,000.
Refunds of applications, which are not wholly allotted, will be effected before the issue of the relevant Registration Advices.Such refunds will be paid by direct credit in the account indicated in the respective application form for the payment of dividend (interest).
6. UNDERISSUANCE
The Accountant General reserves the right to accept bids for the full amount or any part thereof and to reject any bid or part thereof on any grounds whatsoever, notwithstanding that the aggregate amount on issue has not been taken up.
7. PAYMENT OF DIVIDENDS (INTEREST)
Dividend (interest) is payable half yearly in arrears on the:
a) (i) 20th day of February and the 20th day of August during the tenor of the 3.75% Malta Government Stock 2017 (IV);
(ii) 15th day of May and the 15th day of November during the tenor of the 4.3% Malta Government Stock 2022 (II); and
(iii) 11th day of March and the 11th day of September during the tenor of the 4.8% Malta Government Stock 2028 (I).
b) (i)In the case of accepted applications submitted by members of the public under paragraph 2 (d) in respect of the 3.75% Malta Government Stock 2017 (IV) F.I., the first pro rata dividend (interest) payment covering the period from the 2ndNovember, 2012 (the issue date) to the 19th February, 2013 (both dates inclusive) will be made at the rate of 1.120924 per cent on the 20th February, 2013;
(ii) in the case of accepted bids/applications submitted by institutional investors under paragraphs 2 (e) and (f) in respect of the 3.75% Malta Government Stock 2017 (IV) F.I., the first pro rata dividend (interest) payment covering the period from the 7th November, 2012 (the issue date) to the 19th February, 2013 (both dates inclusive) will be made at the rate of 1.069973 per cent on the 20th February, 2013;
(iii) in the case of accepted applications submitted by members of the public under paragraph 2 (d) in respect of the 4.3% Malta Government Stock 2022 (II) F.I., the first pro rata dividend (interest) payment covering the period from the 2ndNovember, 2012 (the issue date) to the 14th May, 2013 (both dates inclusive) will be made at the rate of 2.301902 per cent on the 15th May, 2013;
(iv) in the case of accepted bids/applications submitted by institutional investors under paragraphs 2 (e) and (f) in respect of the 4.3% Malta Government Stock 2022 (II) F.I., the first pro rata dividend (interest) payment covering the period from the 7th November, 2012 (the issue date) to the 14th May, 2013 (both dates inclusive) will be made at the rate of 2.243478 per cent on the 15th May, 2013;
(v)in the case of accepted applications submitted by members of the public under paragraph 2 (d) in respect of the 4.8% Malta Government Stock 2028 (I), the first pro rata dividend (interest) payment covering the period from the 2nd November, 2012 (the issue date) to the 10th March, 2013 (both dates inclusive) will be made at the rate of 1.710497 per cent on the 11th March, 2013;
(vi) in the case of accepted bids/applications submitted by institutional investors under paragraphs 2 (e) and (f) in respect of the 4.8% Malta Government Stock 2028 (I), the first pro rata dividend (interest) payment covering the period from the 7th November, 2012 (the issue date) to the 10th March, 2013 (both dates inclusive) will be made at the rate of 1.644199 per cent on the 11th March, 2013.
c) Payment of dividend (interest) of each Stock will be made by direct credit to any branch of any local bank as advised on the application form.
8. FUNGIBILITY
The Accountant General reserves the right to issue, in future, additional amounts of each of the present Stock in further tranches. In the event of such further issues these will be integrated with the respective existing Stock.
9. REDEMPTION OF STOCK
(i) The 3.75% Malta Government Stock 2017 (IV) shall be redeemed at par on the 20th August, 2017.
(ii) The 4.3% Malta Government Stock 2022 (II) shall be redeemed at par on the 15th May, 2022.
(iii) The 4.8% Malta Government Stock 2028 (I) shall be redeemed at par on the 11th September, 2028.
10. SECURITY
The Stock and dividend (interest) thereon will be a charge on the General Revenue and Assets of the Government of Malta.
11.TRADING ON THE MALTA STOCK EXCHANGE
a)Pursuant to the Financial Markets Act, Cap. 345, an application has been submitted to the Listing Authority for the bonds to be admissible to listing and to the Malta Stock Exchange for the bonds to be admitted to its Official List.
b) On the 20th February, 2013, after the payment of the first dividend (interest) as indicated in paragraphs 7 (b) (i) and 7 (b) (ii), any amount allotted under the 3.75% Malta Government Stock 2017 (IV) F.I. will be integrated with the existing issue of this Stock and thereafter shall be deemed to be one Stock.
c) On the 15th May, 2013, after the payment of the first dividend (interest) as indicated in paragraphs 7 (b) (iii) and 7 (b) (iv), any amount allotted under the 4.3% Malta Government Stock 2022 (II) F.I. will be integrated with the existing issue of this Stock and thereafter shall be deemed to be one Stock.
d) On the 11th March, 2013, after the payment of the first dividend (interest) as indicated in paragraphs 7 (b) (v) and 7 (b) (vi), any amount allotted under the 4.8% Malta Government Stock 2028 (I) shall be integrated and thereafter both shall be deemed to be one Stock.
12. RELEVANT LEGISLATION
The Budget Measures Implementation Act, 2012 (Act No. V of 2012), the Local Loans (Registered Stock and Securities) Ordinance, Cap. 161, and Directive by the Minister of Finance, the Economy and Investment under articles 4 (1) (a) and 6 (1) of the said Ordinance, the Local Loans (Registered Stock) Regulations, 1959.
Note: The value of the investment may go up and/or down during the tenor of the Stock.
No. 1050
GOLDSMITHS AND SILVERSMITHS ACT
CAP. 46
THE Commissioner of Inland Revenue notifies that on the date shown hereunder, the price of gold and silver on which valuations made by the Consuls for Goldsmiths and Silversmiths are based has been fixed for the purposes of article 14 of the said Act as follows:–
DatePure GoldPure Silver
GramsGrams
19. 10. 12€43.200 €0.838