Government Notices published in Govt. Gazette No. 19,430 of 26 May 2015
No. 458
RESUMPTION OF DUTIES BY THE PRESIDENTOF MALTA
It is notified for general information that the President of Malta has resumed the functions of the Office of the President on Friday, 22nd May, 2015.
Mrs Dolores Cristina has ceased to perform the functions of President.
No. 459
RESUMPTION OF DUTIES BY THE PRIME MINISTER
IT is notified for general information that the Hon. Joseph Muscat, KUOM, BCom, BA (Hons.), MA (European Studies), PhD (Bristol), MP, resumed duties as Prime Minister on Friday, 22nd May, 2015 and that the arrangements made by Government Notice No. 448 of the 20th May, 2015, ceased to have effect accordingly.
No. 460
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 the Hon George Vella, MD, Cert GAM (UK), MP, Minister for Foreign Affairs, assumes the additional duties of the Prime Minister on Tuesday, 26th and Wednesday, 27th May, 2015, whilst the Hon. Louis Grech, BA, MA (Oxon), MP, Deputy Prime Minister and Minister for European Affairs and Implementation of the Electoral Manifesto, assumes the additional duties of the Prime Minister, on Thursday, 28th May, 2015, during the absence from Malta of the Hon. Joseph Muscat, KUOM, BCom, BA (Hons), MA (European Studies), PhD (Bristol), MP.
No. 461
PUBLICATION OF ACT IN SUPPLEMENT
IT is notified for general information that the following Act is published in the Supplement to this Gazette:
Act No. XIV of 2015 entitled the Petroleum (Production) (Amendment) Act, 2015.
No. 462
LEGAL NOTICES PUBLISHED IN THE SUPPLEMENT TO THE GOVERNMENT GAZETTE
IT is notified for general information that the following Legal Notices were published in the Supplement to the Government Gazette No. 19,427 of 19th May, 2015, and No. 19,428 of 22nd May, 2015, respectively.
L.N. 154 of 2015: Trading Licences Act (Cap. 441); Local Councils Act (Cap. 363); Activities Requiring Permit by Local Councils (Amendment) Regulations, 2015.
L.N. 155 of 2015: Eurocontrol Act (Cap. 333); Civil Aviation (Route Charges for Navigation Services) (Amendment) Regulations, 2015.
L.N. 156 of 2015: Merchant Shipping Act (Cap. 234); Merchant Shipping (Limitation of Liability for Maritime Claims) (Amendment) Regulations, 2015.
L.N. 157 of 2015: Education Act (Cap. 327); Statute for the Institute for Tourism, Travel and Culture (Amendment).
L.N. 158 of 2015: Education Act (Cap. 327); Statute for the Institute of Aerospace Technologies.
L.N. 159 of 2015: Education Act (Cap. 327); Statute for the Centre for Molecular Medicine and Biobanking.
L.N. 160 of 2015: Education Act (Cap. 327); The Conduct of the Matriculation and Secondary Education Certificate Examinations (Amendment) Regulations, 2015.
L.N. 161 of 2015: Education Act (Cap. 327); Bye-Laws of 2015 in terms of the General Regulations for University Postgraduate Awards, 2008 for the Degree of International Master of Science in Community Psychiatric Nursing -M.Sc. (CPN) - under the auspices of the Faculty of Health Sciences.
L.N. 162 of 2015: Education Act (Cap. 327); Bye-Laws of 2015 in terms of the General Regulations for University Undergraduate Awards, 2004 for the Master Chef Diploma – M.Chef Dip. under the auspices of the Institute for Tourism, Travel and Culture.
L.N. 163 of 2015: Education Act (Cap. 327); University Postgraduate Awards (Amendment) Regulations, 2015.
L.N. 164 of 2015: Education Act (Cap. 327); Doctor of Philosophy - Ph.D. - Degree (Amendment) Regulations, 2015.
L.N. 165 of 2015: Education Act (Cap. 327); Professional Doctorate Degree Course (Amendment) Regulations, 2015.
L.N. 166 of 2015: Education Act (Cap. 327); Secondary Education Certificate Examination (Amendment) Regulations, 2015.
L.N. 167 of 2015: Education Act (Cap. 327); University Undergraduate Awards (Amendment) Regulations, 2015.
L.N. 168 of 2015: Malta Resources Authority Act (Cap. 423); Authority for Transport in Malta Act (Cap. 499); Merchant Shipping Act (Cap. 234); Quality of Fuels (Amendment) Regulations, 2015.
No. 463
ACQUISITION OF LAND
THE following declaration made by the President of Malta under article 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 Acting President of Malta of the 29th September, 1977, published in the Government Gazette of the 11th October, 1977, under Government Notice No. 621, the Acting President of Malta had declared that the land hereunder mentioned 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 land is no longer required, I hereby declare for all intents and purposes of law, that the undermentioned land 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 land in Siġġiewi:
1. A plot of land including a room and a demolished structure, of the area of 30 tomna and 7.92 kejliet (33,872.2 squaer metres, bounded on the North East by a public road, and on the North West and South East by Government property.
The abovementioned land is shown marked with the colour red on plan P.D. 160_76_1, which may be viewed on demand at the Land Department, Auberge de Baviere, Valletta.
(Sgd) Marie-Louise Coleiro Preca
President
No. 464
ĠIEĦ IR-REPUBBLIKA ACT (CAP. 251)
IN terms of the Ġieħ ir-Repubblika Act, the President of Malta, acting on the advice of the Prime Minister, has appointed to the National Order of Merit His Excellency Joachim Gauck, President of the Federal Republic of Germany, in the grade of Companion of Honour with Collar.
No. 465
ĠIEĦ IR-REPUBBLIKA ACT (CAP. 251)
IT is hereby notified that in terms of the Ġieħ ir-Repubblika Act, the President of Malta, acting on the advice of the Prime Minister, has appointed Ms Daniela Schadt to the National Order of Merit in the grade of Companion of Honour.
No. 466
ĠIEĦ IR-REPUBBLIKA ACT (CAP. 251)
IT is hereby notified that in terms of Article 29 (1) of the Ġieħ ir-Repubblika Act, the President of Malta, acting on the advice of the Prime Minister, has approved the recognition of the conferment of the honour of the Grand Cross 1st Class of the Order of Merit to Mr Edgar Preca by His Excellency Joachim Gauck, President of the Federal Republic of Germany on the occasion of his State Visit to Malta between the 29th and 30th April, 2015.
No. 467
ĠIEĦ IR-REPUBBLIKA ACT (CAP. 251)
IT is hereby notified that in terms of Article 29 (1) of the Ġieħ ir-Repubblika Act, the President of Malta, acting on the advice of the Prime Minister, has approved the recognition of the honour of the Grand Cross Special Class of the Order of Merit bestowed on her by His Excellency Joachim Gauck, President of the Federal Republic of Germany on the occasion of his State Visit to Malta between the 29th and 30th April, 2015.
No. 468
MINISTRY FOR SOCIAL DIALOGUE, CONSUMER AFFAIRS AND CIVIL LIBERTIES
Appointment of Member and Substitute Member on the Civil Society Committee
IN terms of Article 4 (1) c (i) of the Malta Council for Economic and Social Development Act, the Prime Minister has approved the nomination of Ms Grace Attard as Member and Ms Mary Mangion as Substitute Member of the Civil Society Committee. This appointment is valid until 3rd June, 2016.
No. 469
STATUTE LAW REVISION ACT, 1980
This appointment is valid up to 23rd March, 2016
Appointment of Members of the Law Commission
IN exercise of the powers conferred by Article 3 of the Statute Law Revision Act, 1980 and for the purposes of that Act, the Minister for Justice, Culture and Local Government has approved that the Law Commission established by and under the aforesaid Act be composed as follows:
President
Dr Franco Debono
Members
Hon. Judge Emeritus Philip Sciberras
Dr Ramona Frendo
Secretary
Ms Marita Pace Dimech
These appointments are valid up to 31st May, 2016.
No. 470
Ġieh ir-Repubblika Act (CAP. 251)
Rules for Honours, Awards and Decorations, 1990 (L.N. 105/90)
THE Minister for Home Affairs and National Security has approved the award of the Long and Efficient Service Medals and Clasps to serving members and ex-members of the Police Force, to have effect on 13th May, 2015, as shown below:-
LONG AND EFFICIENT SERVICE MEDAL
RankIsem u Kunjom
RankName and Surname
Serving Members
Inspector | Raymond Aquilina | ||||||||||||||
Inspector | Tony Cachia | ||||||||||||||
Inspector | George Cremona | ||||||||||||||
Inspector | Edmond Cuschieri | ||||||||||||||
Inspector | Fabian Fleri | ||||||||||||||
Inspector | Keith Arnaud | ||||||||||||||
Inspector | Silvio Magro | ||||||||||||||
Inspector | Charlot Casha | ||||||||||||||
2nd Class Sergeant Major536 | Jason Caruana | ||||||||||||||
Police Sergeant | 19 | Daniel Felice | |||||||||||||
Police Sergeant | 20 | Robert Cassar | |||||||||||||
Police Sergeant | 36 | Sergio Azzopardi | |||||||||||||
Police Sergeant | 171 | Karl Glanville | |||||||||||||
Police Sergeant | 174 | Joseph Cremona | |||||||||||||
Police Sergeant | 193 | Joseph Mamo | |||||||||||||
Police Sergeant | 212 | Adrian Grima | |||||||||||||
Police Sergeant | 239 | Joseph Caruana | |||||||||||||
Police Sergeant | 263 | Christopher Harmsworth | |||||||||||||
Police Sergeant | 279 | Kevin Gauci | |||||||||||||
Police Sergeant | 447 | Kevin Camilleri | |||||||||||||
Police Sergeant | 487 | Reuben Balzan | |||||||||||||
Police Sergeant | 581 | Loreto Buttigieg | |||||||||||||
Police Sergeant | 602 | Jonathan Attard | |||||||||||||
Police Sergeant | 612 | Theodore Vella | |||||||||||||
Police Sergeant | 644 | Evan Camilleri | |||||||||||||
Police Sergeant | 689 | Carmel Cauchi | |||||||||||||
Police Sergeant | 1033 | Sandro Mangion | |||||||||||||
Police Sergeant | 1122 | Arthur John Rizzo | |||||||||||||
Police Sergeant | 1243 | George Polidano | |||||||||||||
Police Sergeant | 1270 | Antoine Zammit | |||||||||||||
Police Sergeant | 1424 | Mario Xiberras | |||||||||||||
Police Sergeant | 1465 | Pierre Bartolo | |||||||||||||
Police Sergeant | 1480 | Sandro Mallia | |||||||||||||
Police Sergeant | 1543 | Oliver Cassar | |||||||||||||
Police Sergeant | 1574 | Renaldo Cremona | |||||||||||||
Police Sergeant | 1575 | Robert Fava | |||||||||||||
Police Sergeant | 1579 | Johann Mifsud | |||||||||||||
Police Sergeant | 1586 | Aaron Ronnie Attard | |||||||||||||
Police Sergeant | 1593 | Alfred Cachia | |||||||||||||
Police Sergeant | 1602 | Marco Mifsud | |||||||||||||
Police Constable | 32 | Bernard Agius | |||||||||||||
Police Constable | 42 | Paul Charles Said | |||||||||||||
Police Constable | 102 | Anthony Portelli | |||||||||||||
Police Constable | 111 | Mark Anthony Camilleri | |||||||||||||
Police Constable | 119 | John Schembri | |||||||||||||
Police Constable | 248 | Anthony Axiaq | |||||||||||||
Police Constable | 275 | Thomas Dimech | |||||||||||||
Police Constable | 288 | Patrick Farrugia | |||||||||||||
Police Constable | 333 | Vincent Calleja | |||||||||||||
Police Constable | 397 | Oscar Muscat | |||||||||||||
Police Constable | 453 | Brian Cassar | |||||||||||||
Police Constable | 460 | Antoine Briffa | |||||||||||||
Police Constable | 534 | Joseph Cini | |||||||||||||
Police Constable | 642 | Joseph Camilleri | |||||||||||||
Police Constable | 651 | Jesmond Azzopardi | |||||||||||||
Police Constable | 668 | Alexander Zammit | |||||||||||||
Police Constable | 705 | Adrian Borg | |||||||||||||
Police Constable | 725 | Jason Caruana | |||||||||||||
Police Constable | 786 | Stephen Casha | |||||||||||||
Police Constable | 842 | Angelo Camilleri | |||||||||||||
Police Constable | 870 | Reuben Farrugia | |||||||||||||
Police Constable | 911 | Mario Muscat | |||||||||||||
Police Constable | 962 | Ivan Magro | |||||||||||||
Police Constable | 1063 | Joseph Mizzi | |||||||||||||
Police Constable | 1069 | Colin Psaila | |||||||||||||
Police Constable | 1199 | Ludvig Cutajar | |||||||||||||
Police Constable | 1206 | Simon Mercieca | |||||||||||||
Police Constable | 1209 | Edmund Grima | |||||||||||||
Police Constable | 1237 | Antoine Gauci | |||||||||||||
Police Constable | 1242 | Geoffrey Gilson | |||||||||||||
Police Constable | 1246 | Cecil Oliver St John | |||||||||||||
Police Constable | 1250 | Paul Saliba | |||||||||||||
Police Constable | 1251 | Lawrence Scalpello | |||||||||||||
Police Constable | 1256 | Simon Schembri | |||||||||||||
Police Constable | 1269 | Louis Tabone | |||||||||||||
Police Constable | 1305 | Silvio Zammit | |||||||||||||
Police Constable | 1315 | Jeffrey Abela | |||||||||||||
Police Constable | 1316 | Peter Agius | |||||||||||||
Police Constable | 1384 | Felix Sammut | |||||||||||||
Police Constable | 1518 | Marvin Camilleri | |||||||||||||
Police Constable | 1531 | Ivan Caruana | |||||||||||||
Police Constable | 1538 | Raymond Mizzi | |||||||||||||
Police Constable | 1580 | Jonathan Paris | |||||||||||||
Police Constable | 1581 | John Psaila | |||||||||||||
Police Constable | 1583 | Steve Spiteri | |||||||||||||
Police Constable | 1584 | Joseph Tanti | |||||||||||||
Police Constable | 1587 | Albert Bonnici | |||||||||||||
Police Constable | 1588 | Joseph Borg Bonaci | |||||||||||||
Police Constable | 1591 | Nicholas Borg | |||||||||||||
Police Constable | 1592 | Daniel Busuttil | |||||||||||||
Police Constable | 1595 | Mark Cassar | |||||||||||||
Police Constable | 1596 | Jason Cesare | |||||||||||||
Police Constable | 1598 | Edward Paul Farrugia | |||||||||||||
Police Constable | 1599 | Stephen Farrugia | |||||||||||||
Police Constable | 1603 | Mario Muscat | |||||||||||||
Police Constable | 1605 | Jason Spiteri | |||||||||||||
Police Constable | 1609 | Edward Mizzi | |||||||||||||
Police Constable | 1610 | Noel Buhagiar | |||||||||||||
Women Police Sergeant3 | Joanna Vella | ||||||||||||||
Women Police Sergeant63 | Janet Zammit | ||||||||||||||
Women Police Sergeant83 | Alexandra Galea Sillato | ||||||||||||||
Woman Police Constable8 | Stephanie Glanville | ||||||||||||||
Woman Police Constable16 | Suzanne Sapiano | ||||||||||||||
Woman Police Constable31 | Susan Muscat | ||||||||||||||
Woman Police Constable46 | Angelle Vassallo | ||||||||||||||
Woman Police Constable51 | Louise Grech | ||||||||||||||
Woman Police Constable52 | Caroline Francalanza | ||||||||||||||
Woman Police Constable78 | Roslyn Ciantar | ||||||||||||||
Woman Police Constable81 | Joanne Sevasta Mula | ||||||||||||||
Woman Police Constable94 | Claire Doreen Casha | ||||||||||||||
Woman Police Constable130 | Margaret Azzopardi | ||||||||||||||
Woman Police Constable135 | Melissa Zahra | ||||||||||||||
Woman Police Constable149 | Ruth Sammut | ||||||||||||||
Woman Police Constable154 | Mary Anne Grima | ||||||||||||||
Woman Police Constable200 | Vanessa Attard Mc Carthy | ||||||||||||||
Woman Police Constable208 | Theresa Gili | ||||||||||||||
Woman Police Constable232 | Nathalie Zerafa | ||||||||||||||
Former Members | |||||||||||||||
Ex-Superintendent | Joseph M. Azzopardi | ||||||||||||||
Ex-Inspector | Alfred Debattista | ||||||||||||||
Ex-2nd Class Sergeant Major963 | Louis Muscat | ||||||||||||||
Ex-Police Sergeant | 884 | Alexander Azzopardi | |||||||||||||
Ex-Police Constable | 142 | Robert Borda | |||||||||||||
Ex-Police Constable | 746 | Publius Cutajar | |||||||||||||
1st CLASP | |||||||||||||||
Serving Members | |||||||||||||||
Assistant Commissioner | Alexander Zarb | ||||||||||||||
Inspector | Maria Theresa Micallef | ||||||||||||||
Inspector | Pierre Carmel Grech | ||||||||||||||
2nd Class Sergeant Major | 386 | Joseph Cauchi | |||||||||||||
2nd Class Sergeant Major | 1453 | Brian J. Scicluna | |||||||||||||
Police Sergeant | 56 | Mario Camenzuli | |||||||||||||
Police Sergeant | 114 | Massimo Persiano | |||||||||||||
Police Sergeant | 500 | John Baptist Giusti | |||||||||||||
Police Sergeant | 659 | Jeffrey Hughes | |||||||||||||
Police Sergeant | 689 | Carmel Cauchi | |||||||||||||
Police Sergeant | 959 | Winston Micallef | |||||||||||||
Police Sergeant | 1245 | Klaus Mifsud | |||||||||||||
Police Constable | 184 | Victor Degiorgio | |||||||||||||
Police Constable | 367 | Michael Sacco | |||||||||||||
Police Constable | 411 | Francis Micallef | |||||||||||||
Police Constable | 488 | Emanuel Cilia | |||||||||||||
Police Constable | 510 | William Said | |||||||||||||
Police Constable | 548 | Alfred Micallef | |||||||||||||
Police Constable | 594 | Robert Saliba | |||||||||||||
Police Constable | 686 | Mario Galea | |||||||||||||
Police Constable | 863 | Francis Grima | |||||||||||||
Police Constable | 1082 | Ronald Marmara | |||||||||||||
Police Constable | 1171 | Raymond Fabri | |||||||||||||
Woman Police Sergeant116 | Rita Micallef | ||||||||||||||
Woman Police Sergeant125 | Christabel M. Mallia | ||||||||||||||
Woman Police Constable10 | Adelina Kendall Sarreo | ||||||||||||||
Woman Police Constable14 | Roseann Tabone | ||||||||||||||
Woman Police Constable99 | Josette Pace | ||||||||||||||
Former Members | |||||||||||||||
Ex-Superintendent | Joseph M. Azzopardi | ||||||||||||||
Ex-Superintendent | Marco Mallia | ||||||||||||||
Ex-Inspector | Alfred Debattista | ||||||||||||||
Ex-Inspector | John Charles Ellul | ||||||||||||||
Ex-2nd Class Sergeant Major | Louis Muscat | ||||||||||||||
Ex-Police Sergeant | 276 | Bernard Zahra | |||||||||||||
Ex-Police Sergeant | 546 | Mario Deguara | |||||||||||||
Ex-Police Sergeant | 560 | Joseph Farrugia | |||||||||||||
Ex-Police Sergeant | 587 | Joseph Mallia | |||||||||||||
Ex-Police Sergeant | 823 | Ivan Brincat | |||||||||||||
Ex-Police Sergeant | 884 | Alexander Azzopardi | |||||||||||||
Ex-Police Constable313 | Domenic J.Busuttil | ||||||||||||||
Ex-Police Constable535 | Johann Borg | ||||||||||||||
Ex-Police Constable558 | Maurice Barbara | ||||||||||||||
Ex-Police Constable1105 | Noel Pisani | ||||||||||||||
Ex-Police Constable746 | Publius Cutajar | ||||||||||||||
2nd CLASP | |||||||||||||||
Serving Members | |||||||||||||||
Superintendent | Raymond Vella Gregory | ||||||||||||||
2nd Class Sergeant Major78 | Joseph Cremona | ||||||||||||||
Police Constable | 77 | Carmel Parnis | |||||||||||||
Police Constable | 117 | Alfred Mangion | |||||||||||||
Police Constable | 608 | Peter Cordina | |||||||||||||
Police Constable | 631 | Francis Dalli | |||||||||||||
Police Constable | 640 | Raymond Vella | |||||||||||||
Former Member | |||||||||||||||
Ex-Police Constable416 | Emanuel Chircop | ||||||||||||||
No. 471
NOTARIAL PROFESSION AND NOTARIAL ARCHIVES ACT (CAP. 55)
Appointment of Notary Delegate/Keeper
IT is hereby notified that in exercise of the powers conferred by Article 20 of the Notarial Profession and Notarial Archives Act, the Court of Revision of Notarial Acts has appointed Notary Dr Joelle Cortis to be Notary delegate and keeper of the Acts for Notary Dr Gabrielle Lautier, for the period between the 13th May, 2015, and the 20th May, 2015.
Today, 18th May, 2015
JANET CALLEJA
For the Registrar Court of Revision of Notarial Acts
No. 472
PROSPECTUS
ISSUE OF AN AGGREGATE
OF EURO 50,000,000
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, 2015 (Act No. XIII of 2015)
and the Local Loans (Registered Stock and Securities) Ordinance, Cap. 161
1. ISSUANCE OF STOCK
The Accountant General is offering an aggregate Euro 50,000,000 of Malta Government Stocks which are being offered and made available in any one or any combination of the following Stocks:
(i) 2% Malta Government Stock 2020 (V) Fungibility Issue, and
(ii) 2.3% Malta Government Stock 2029 (II).
2. BIDS
a) Applications in the form of sealed bids (auction) open at 8.30 a.m. on Thursday 11th June, 2015 and close at noon on Friday 12th June, 2015 or earlier at the discretion of the Accountant General.
b) Applications by any single applicant shall be in the form of sealed bids for a minimum of €500,000 and multiples of €100,000 each.
c) Bids on the prescribed application forms are to be deposited at the Treasury Tender Box or transmitted by fax on 2596 7210 or by e-mail at the e-mail addresses indicated on the application forms.
d) Application forms may be obtained from all Members of the Malta Stock Exchange, other authorised Investment Service Providers or downloaded from Treasury’s website (www.treasury.gov.mt).
e) Applications submitted in the name of ‘Nominee a/c’ and/or ‘Clients a/c’ shall be in the form of sealed bids for a minimum amount of €500,000 or more and in multiples of €100,000 thereafter. Applications in the name of ‘Nominee a/c’ and/or ‘Clients a/c’ may be made up of one or more underlying clients and there shall be one bid price for each application. 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.
f) All applications will be irrevocable after closing time.
3. PRICING GUIDELINES
The Accountant General will announce indicative pricing guidelines via a Press Release to be published on Wednesday, 10th June 2015 consisting of an indicative range of spreads over the euro mid-swap rate, broadly reflecting the secondary market conditions with respect to the 2% Malta Government Stock 2020 (V) and the 2.3% Malta Government Stock 2029 (II).
4. CLEARING FACILITIES
a) MaltaClear
Clearing and settlement of transactions in Malta Government Stocks traded on the Malta Stock Exchange Trading System 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, may also avail of free-of-payment (FOP) clearing facility 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) It is the settled subscriber’s responsibility to ensure that a relevant Receive Free message for free receipt of the subscribed Stocks is raised in due time in the appropriate format of the Society of Worldwide Interbank Financial Telecommunication (SWIFT). Where for any reason, the FOP delivery over the MSE-CBF Link of the allotted Malta Government Stocks fails or remains outstanding for a period of time set at the MSE’s discretion, the same Stocks may be transferred off-market, in favour of a securities account opened in the name of the settled subscriber, without charge at the MSE’s Central Securities Depository (hereinafter the CSD), until the CSD receives further authenticated instructions. The supplied International Bank Account Number (IBAN) will be availed for the payment of any interests or other payments that may subsequently become due to the settled subscriber during such time that the Stocks remain credited in the said CSD account, on the relevant record date
5. ALLOTMENT POLICY OF STOCK
Allocation of Stock will be made in the following order:
a) Bids will be allotted in descending order of price.Accepted bids will be allotted at the bid price. Bids above the lowest accepted price (the cut-off price) will be allotted in full. Bids equal to the lowest accepted price will be allotted in full or in part on a pro rata basis.The allotment results of each Stock will be determined and announced two hours immediately after the closing time of applications by auction.
b) Any amount allotted to the Government Funds will be at the cut-off rate.
6. OVER-ALLOTMENT OPTION
The Accountant General reserves the right to exercise the over-allotment option and allocate an additional amount of up to a maximum of €40,000,000.
7. 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.
8. PAYMENT OF INTEREST
Interest is payable half yearly in arrears on the:
a) (i)26th day of March and the 26th day of September during the tenor of the 2% Malta Government Stock 2020 (V); and
(ii) 24th day of January and the 24th day of July during the tenor of the 2.3% Malta Government Stock 2029 (II).
b) (i) In the case of the 2% Malta Government Stock 2020 (V) Fungibility Issue, the first pro rata interest payment covering the period from the 16th June, 2015 (the issue date) to the 25th September, 2015 (both dates inclusive) will be made at the rate of 0.554348 per cent on the 26th September, 2015; and
(ii) In the case of the 2.3% Malta Government Stock 2029 (II), the first pro rata interest payment covering the period from the 16th June, 2015 (the issue date) to the 23rd July, 2015 (both dates inclusive) will be made at the rate of 0.241436 per cent on the 24th July, 2015.
c) (i) Payment of interest of each stock will be made by credit transfer through the Single Euro Payments Area (SEPA) scheme in the International Bank Account Number (IBAN) account as advised on the application form.
(ii) If the interest payment date falls on a day other than a business day, interest payment will be made on the immediately following business day. A “business day” means a day other than a Saturday,a national or public holiday listed in sections 2 and 5 (1) of the National Holidays and other Public Holidays Act (Cap.252 of the Laws of Malta), a bank holiday as declared under section 3 (2) (b) of the Banking Act (Cap.371 of the Laws of Malta) or a day when the Trans-EuropeanAutomated Real-time Gross settlement Express Transfer system (TARGET), owned and operated by the Eurosystem, is closed for business as may be published on European Central Bank’s website (www.ecb.europa.eu).
9. 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.
10.REDEMPTION OF STOCK
(i) The 2% Malta Government Stock 2020 (V) shall be redeemed at par on the 26th September, 2020.
(ii) The 2.3% Malta Government Stock 2029 (II) shall be redeemed at par on the 24th July, 2029.
11. SECURITY
The Stock and interest thereon will be a charge on the General Revenue and Assets of the Government of Malta.
12. 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 26th September, 2015, after the payment of the first interest as indicated in paragraph 8 (b) (i), any amount allotted under the 2% Malta Government Stock 2020 (V) Fungibility Issue shall be integrated with the existing issue of this Stock and thereafter shall be deemed to be one Stock.
13.COLLECTIVE ACTION CLAUSES (CACs)
(a) Pursuant to the decision of the European Council of 24-25th March 2011, and in accordance with Paragraph 3 of Article 12 of the European Stability Mechanism (ESM) Treaty, the model Collective Action Clauses (CAC) became mandatory in all new euro area government securities with maturity above one year issued on or after 1st January 2013.
(i) Pursuant to the provisions contained in the CACs, the Accountant General may, at any time, convene a meeting of stockholders to consider and approve any modifications of the borrowing terms and conditions of the Stock on issue.
(ii) The modifications that may be carried out are of two types: (1) A ‘reserved matter’ modification, involving the modification of the most important terms and conditions of this Stock, such as a reduction in the principal or interest payable on this Stock, or changes in the dates when interest is payable or Stock is redeemable, or change the definition of a ‘reserved matter’; and (2) A ‘non-reserved matter’ modification, involving the modification of less important terms and conditions other than a reserved matter.
(iii) Under the CAC, a modification may be proposed in relation to either a single stock, a so-called single-series modification, or to more than one stock at the same time, a so-called cross series modification.
(iv) Modification of stock in relation to a ‘reserved matter’ shall require the affirmative vote of stockholders of not less than 75% of the aggregate principal amount of the outstanding stock represented at a meeting duly convened, or not less than 66 2/3% of the aggregate principal amount of the outstanding stock in the case of written resolution.
(v) In relation to a ‘non-reserved matter’ modification, the affirmative vote of stockholders of more than 50% of the aggregate principal amount of the outstanding stock represented at a meeting duly convened, or of more than 50% of the aggregate principal amount of the outstanding stock in the case of written resolution, is required.
(vi) In all events, a proposed modification shall require the consent of the Accountant General and, if approved, shall be binding for all stockholders.
(b) Notice of Meetings of Stockholders shall be published by the Accountant General at least 21 days prior to the date of the meeting or, in the case of an adjourned meeting, at least 14 days prior to the date of the adjourned meeting. The notice shall, amongst other matters, (i) specify the date, time and location of the meeting; (ii) set out the agenda and quorum for, and the text of any resolutions proposed to be adopted; and (iii) set out any additional rules adopted by the Accountant General and, if applicable, the conditions under which a cross-series modification will be deemed to have been satisfied if it is approved as to some but not all the affected series of debt securities.
(c) The Chair of any meeting of stockholders will be appointed by the Accountant General; or if such person nominated is not present at the meeting, by the holders of more than 50% of the aggregate principal amount of the Stocks then outstanding represented at the meeting.
(d) The Accountant General shall publish, without undue delay, all notices and other matters required to be published pursuant to Stockholders Meetings and Written Resolutions:
(i) on the Treasury’s website: (www.treasury.gov.mt);
(ii) through the Malta Stock Exchange;
(iii) Malta Government Gazette.
(e) The Collective Action Clauses (CACs), as agreed upon by the Member States of the European Union at its summit held on 24-25 March 2011, and in accordance with Paragraph 3 of Article 12 of the European Stability Mechanism (ESM) Treaty, can be found on the Treasury website (www.treasury.gov.mt) under the section reserved for the Debt Management Directorate.
Note: The above paragraph on the Collective Action Clauses (CACs) contains summarized information taken from the Model Collective Action Clauses (CACs). All potential applicants are solicited to access the detailed CACs which can be found on the Treasury website, and any decision to invest in the Stock/s should be based on consideration of the Prospectus as a whole.
14. RELEVANT LEGISLATION
The Budget Measures Implementation Act, 2015 (Act No. XIII of 2015), the Local Loans (Registered Stock and Securities) Ordinance, Cap. 161, and Directive by the Minister for Finance 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. 473
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:
....................................................
Date | Pure Gold Grams | Pure Silver Grams |
26.5.2015 | €0.528 | €35.195 |
No. 474
CONDOMINIUM ACT
Cap. 398
Notice is hereby given that I have received an application for the registration of and/or amendment to rules regulating the following condominia:
Dr Marlin Vella, LLD
f/Land Registrar
Condominium Number | Address of Condominium | Remarks | Date of Registration |
69 | Ta’ Kenuna/Tal-Ġebel | Registration | 21/04/2015 |
Aħmar Court, | of Rules | ||
Triq Franġisk Saver Cassar, | |||
Nadur, Gozo | |||
No. 475
LAND REGISTRATION ACT
Cap. 296
Notice of Intention to Register Titles to Land