Monday 11 December 2017

Funds received by National Development and Social Fund

The Board of Governors of the National Development and Social Fund (NDSF) reports that as at 30 November 2017, the NDSF recorded total revenues of €360,561,597.

Funds received by the NDSF are held in a segregated account in the name of the NDSF with the Central Bank of Malta.

During the month of November, the Fund has acquired the nil-paid rights issued to UniCredit S.p.A, as part of the €150,000,000 rights issue by Bank of Valletta p.l.c. (“BOV”). The new BOV shares will form part of NDSF’s long-term Directed Investment Portfolio, and will result in the Fund acquiring around 2.91% of BOV’s total shareholding.

The National Development and Social Fund is a government agency established for the purpose of managing and administering seventy per cent of the contributions received from the Individual Investor Programme of the Republic of Malta set up by virtue of the Malta Citizenship Act Cap.188.
The offices of the NDSF are situated at 46, West Street Valletta, VLT 1531, Malta.

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