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Government Notices published in Govt. Gazette No. 19,837 of 25 July 2017
01/01/2017
No. 796
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. 19,833 of the 19th July, 2017 and No. 19,836 of the 21st July, 2017, respectively.
L.N. 193 of 2017: Traffic Regulation Ordinance (Cap. 65); Motor Vehicles (Carriage of Dangerous Goods by Road)(Amendment) Regulations, 2017.
L.N. 194 of 2017: Companies Act (Cap. 386); Companies Act (Fees) (Amendment) Regulations, 2017.
L.N. 195 of 2017: Local Loans (Registered Stock And Securities) Ordinance (Cap. 161); Directive by the Minister for Finance, for the issue of €1,096,800 7% Malta Government Stock 2027 (II).
No. 797
LOCAL COUNCIL
DEPUTY EXECUTIVE SECRETARY
IT is hereby notified for general information that the following person has been appointed Deputy Executive Secretary of that Local Council with effect from 15th July, 2017:
Local CouncilDeputy Executive Secretary
San Pawl il-BaħarGeorge Abdilla
No. 798
LOCAL COUNCIL
EXECUTIVE SECRETARY
IT is hereby notified for general information that the following person has been appointed Executive Secretary of that Local Council from 13th July, 2017:
Local CouncilExecutive Secretary
MarsaxlokkEmanuela Vella
No. 799
NOTARIAL PROFESSION AND NOTARIAL
CAP. 55
ARCHIVES ACT
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 Christina Marie Grima Tabone to be notary delegate and keeper of the Acts for Notary Dr Luca Burlò for the period between the 17th July, 2017 and 23rd July, 2017.
Today, the 20th of July, 2017.
JANET CALLEJA
For the Registrar, Court of Revision of Notarial Acts
No. 800
NOTARIAL PROFESSION AND NOTARIAL
CAP. 55
ARCHIVES ACT
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 Mark Anthony Debono to be notary delegate and keeper of the Acts for Notary Dr Marco Burlò for the period between the 14th July, 2017 and 2nd August, 2017.
Today, the 20th of July, 2017
JANET CALLEJA
For the Registrar, Court of Revision of Notarial Acts
No. 801
NOTARIAL PROFESSION AND NOTARIAL
CAP. 55
ARCHIVES ACT
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 Stephanie Sant to be notary delegate and keeper of the Acts for Notary Dr Marco Farrugia for the period between the 27th July, 2017 and8th August, 2017.
Today, the 20th of July, 2017
JANET CALLEJA
For the Registrar, Court of Revision of Notarial Acts
No. 802
NOTARIAL PROFESSION AND NOTARIAL
CAP. 55
ARCHIVES ACT
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 George sive Jurgen Galea to be notary delegate and keeper of the Acts for Notary Dr Mary sive Mariella Mizzi together with the acts of Notary Dr Joseph Felix Abela for the period between the 19th August, 2017 and 26th August, 2017.
Today, the 20th of July, 2017
JANET CALLEJA
For the Registrar, Court of Revision of Notarial Acts
No. 803
DUTY ON DOCUMENTS
AND TRANSFERS ACT (CAP. 364)
Notice in terms of Article 61 (1)
In Terms of the proviso to article 61 (1) of the Duty on Documents and Transfers Act, the Commissioner for Revenue hereby notifies the persons listed hereunder to call at the Capital Transfer Duty Department, 46, Triq il-Merkanti,Valletta, to collect the notices made on such persons.
NameIDNumberClaim Number
Cole Felicity Ann 142283AIV 134512
Mangani Jean Paul 572880M IV 135149
Mamo Hugo 31687G IV 133014
Cassar Raymond 524562M IV 133819
Cini Ina 145479M IV 133792
Calleja Raymond 574261M IV 134482
Stellini Anthony 324056M IV 135075
De Jean Ltd Roc No. C 57145 IV 134576
Grandmasters Properties Ltd Roc No. C 48145 IV 134527
Mint Co. Ltd Roc No. C 18647 IV 134517
Grech Carmelo 592051M CM028160
Bianchi Alexander 165982M CM 028352
No. 804
LOCAL COUNCILS ACT
CAP. 363
the Electoral Commission notifies that the candidate elected as Councillor in the casual election held on Monday, 24th July, 2017 for the Local Council of Ħal Safi to fill the post vacated by Mr Peter Paul Busuttil is that whose name is shown hereunder:
ABDILLA PUBLIO
J. CHURCH
Chief Electoral Commissioner
Office of the Electoral Commission,
Evans Building,
Merchants Street,
Il-Belt Valletta.
No. 805
NOTICE IN TERMS OF THE PRIVATE GUARDS
ACT nO. XIII OF 1996
AND LOCAL WARDENS ACT, 1996
THE Commissioner of Police, in terms of articles 7 and 8 of the Private Guards and Local Wardens Act, 1996, hereby notifies that the following applications as mentioned hereunder have been received:
Application for licence of a Local Warden
Application for licence of Private Guards
Any person may, within one month from the publication of this notice, object in writing to the Commissioner about the issue of the above licences on any of the grounds listed in section 10 of the Private Guards and Local Wardens Act, which are:
(a) where the applicant or any officer of the applicant or any person who has an effective control of the services to be provided by the applicant.
(i) has been convicted in Malta or elsewhere of any crime against the safety of the state, or of any crime of voluntary harm or injury to any person or any crime against property or public trust or any other serious crime; or
(ii) has been declared bankrupt or his financial position is precarious or otherwise renders the applicant unsuitable; or
(iii) has been discharged from the police or armed forcesor the prison services because of any offence or other misbehaviour; or
(iv) is a public officer or a member of the police or armed forces or the prison services; or
(b) when information is available which is in the public interest; or
(c) where the applicant does not possess the necessary qualifications as may be prescribed by or under the Act.
Name and Surname | Identity Card No. | Address |
Keith Caruana | 25279M | Lucienne, Flat 2, Triq il-Kummerċ, Birżebbuġa |
Jeanelle Bonanno | 475295M | 100, In-Nagħla, Triq Ġużè Ellul Mercer, Ħad-Dingli |
Name and Surname | Identity Card No. | Address |
Keith Caruana | 25279M | Lucienne, Flat 2, Triq il-Kummerċ, Birżebbuġa |
Jeanelle Bonanno | 475295M | 100, In-Nagħla, Triq Ġużè Ellul Mercer, Ħad-Dingli |
No. 806
PROSPECTUS
Issue of an Aggregate of Euro 40,000,000
Malta Government Stocks
Subject to an Over-Allotment Option
of Euro 35,000,000 in the event of
over-subscription
Authorised under the Budget Measures
Implementation Act (2017) (Cap. 572) and
the Local Loans (Registered Stock and Securities)
Ordinance, (Cap. 161)
1. ISSUANCE OF STOCK
The Accountant General is offering an aggregate Euro 40,000,000 of Malta Government Stocks which are being offered and made available in any one or any combination of the following Stocks:
(i) 1.4% Malta Government Stock 2023 (III) Fungibility Issue, and
(ii) 1.5% Malta Government Stock 2027 (I) Fungibility Issue.
2. BIDS
a) Applications in the form of sealed bids (auction) open at 8.30 a.m. on Wednesday 2nd August, 2017 and close at noon on Wednesday 2nd August, 2017 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 transmitted by fax on 2596 7210 or by e-mail at the e-mail addresses indicated on the application form or deposited at the Treasury Tender Box at the Treasury’s premises in Floriana.
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 Tuesday, 1st August 2017 consisting of an indicative range of spreads over the euro mid-swap rate, broadly reflecting the secondary market conditions with respect to the 1.4% Malta Government Stock 2023 (III) and the 1.5% Malta Government Stock 2027 (I).
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 Linkas 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 immediately after the lapse of two hours of 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 an over-allotment option and allocate an additional amount of up to a maximum of €35,000,000.
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) 11th day of May and the 11th day of November during the tenor of the 1.4%Malta Government Stock 2023 (III); and
(ii) 15th day of June and the 15th day of December during the tenor of the 1.5% Malta Government Stock 2027 (I).
b) (i) In the case of the 1.4% Malta Government Stock 2023 (III) Fungibility Issue, the first pro rata interest payment covering the period from the 4th August, 2017 (the issue date) to the 10th November, 2017 (both dates inclusive) will be made at the rate of 0.376630 per cent on the 11th November, 2017; and
(ii) In the case of the 1.5% Malta Government Stock 2027 (I) Fungbility Issue, the first pro rata interest payment covering the period from the 4th August, 2017 (the issue date) to the 14th December, 2017 (both dates inclusive) will be made at the rate of 0.545082 per cent on the 15th December, 2017.
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 indicated on the application form.
(ii) If the interest 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 1.4% Malta Government Stock 2023 (III) shall be redeemed at par on the 11th November, 2023.
(ii) The 1.5% Malta Government Stock 2027 (I) shall be redeemed at par on the 15th June, 2027.
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 stocks to be admissible to listing and to the Malta Stock Exchange for the stocks to be admitted to its Official List.
b) On the 11th November, 2017, after the payment of the first interest as indicated in paragraph 8 (b) (i), any amount allotted under the 1.4% Malta Government Stock 2023 (III) Fungibility Issue shall be integrated with the existing issue of this Stock and thereafter shall be deemed to be one Stock.
c) On the 15th December, 2017, after the payment of the first interest as indicated in paragraph 8 (b) (ii), any amount allotted under the 1.5% Malta Government Stock 2027 (I) 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 the Stock, such as a reduction in the principal or interest payable on the 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 ofstockholders 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 (2017) (Cap. 572), 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.
25th July 2017
No. 807
GOLDSMITHS AND
CAP. 46
SILVERSMITHS
ACT
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
25.7.2017€34.835€0.485
No. 808
ENVIRONMENT AND RESOURCES
AUTHORITY
Notification of Exemption from Environmental Planning Statement
In conformity with Regulation 3(8) of the Environmental Impact Assessment Regulations, 2007 (S.L. 549.46) with respect to the application mentioned hereunder, the Environment and Resources Authority has determined that the proposal is unlikely to result in environmental impacts that can be effectively addressed in an Environmental Impact Assessment.Therefore, the Director of Environment and Resources agrees that the proposal does not require the preparation of an Environmental Planning Statement (EPS).This is without prejudice to the environmental obligations being specified in the proposed project conditions.
The Project Description Statement (PDS) presented as part of the application has considered the environmental issues in a sufficient manner such that the preparation of an EPS would not add any new information and the Environment and Resources Authority has all the necessary information to determine the application, as concluded in the project screening according to Schedule IB of the same Regulations.
A detailed justification is presented below:
Reference Number:PA 07240/16 (EA 00018/17)
Location:Site at Ta’ Xwieki, Triq Tal-Balal, Iklin, Malta
Proposal:To change use of property from parking of commercial vehicles as approved in PA7390/16 to an SME site (including excavation of basement) and erection of class 6a garages (storage & distribution) at ground floor and basement level.
The following potential environmental impacts were identified and mitigation measures proposed in the Project Description Statement (PDS). The PDS and the justification for exemption from carrying out an Environmental Impact Assessment (EIA) were submitted to the Environment and Resources Authority on the 27th April, 2017 and 14th July, 2017, respectively.
Notwithstanding the above, the Environment and Resources Authority reserves the right to request the applicant to submit additional information as may be necessary to inform the decision making process.
Potential Impact | Remarks on mitigation measures, etc. |
Air quality, noise and vibrations | During construction, noise, vibrations and fugitive dust from site clearance, excavation, and construction is expected.No significant impact is envisaged given the scale of the proposed project and as long as the Environmental Management Construction Site Regulations (S.L 552.09) are adhered to. During operation, emissions will depend on the activities to be carried out within each garage.The operational phase of the project is not likely to result in high traffic volumes. |
Waste management | The amount of solid waste likely to be generated by the project during construction is not likely to be significant, considering the nature of the project, and that any possible impacts during construction may be sufficiently mitigated through the provisions laid down in the Environmental Management Construction Site Regulations, 2007 (S.L. 552.09). Municipal waste will be generated during operation, but this can be absorbed by the existing national waste management mechanisms.Compliance with the relevant waste management regulations and the adoption of best practice in relation to operational waste management will ensure minimisation of waste. |
Visual amenity | The proposal is not likely to generate significant visual impacts given the site context and the fact that the application seeks to construct garage units for equipment already stored on site. |
Hydrology | The site falls within the Ground Water Safeguard Zone. During construction, surface water will be managed to avoid any overspills from the site, thus potential groundwater contamination is not expected to be significant. The floor of all garages will be concreted and bunded, to prevent any contamination and therefore the impacts are not expected to be significant. |