Friday 29 March 2024

GO plc board dividend declaration triggers start of Malta Properties Company plc share transfer

The Board of Directors of GO plc yesterday declared an interim dividend to be effected ‘in kind’, by a distribution of GO’s shareholding in Malta Properties Company plc to GO’s shareholders, on a pro rata basis. The declaration of the interim dividend follows the approval by GO shareholders, during an Extraordinary General Meeting held in July 2015, to spin-off of GO’s shareholding in MPC, formerly Malta Properties Company Limited.

GO shareholders will now receive a share in MPC for every share which they currently hold in GO. To complete this process, GO will now distribute a Share Transfer Agreement to shareholders which needs to be signed and returned to GO by no later than 17 November 2015. Once this process is complete, GO shareholders will automatically become shareholders of MPC. The MPC shares will shortly be admitted to listing on the Malta Stock Exchange following which it will be possible for MPC shares to be traded.

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