‘There is real pride’ – APS Bank marks listing of shares with ‘Ringing of the Bell’ ceremony

The Malta Stock Exchange (MSE) hosted a ‘Ringing of the Bell’ ceremony to mark the listing of 359.7 million APS Bank plc shares earlier this week.

Earlier this month, the bank closed its Initial Public Offering (IPO) of 110 million new ordinary shares just six hours after opening thanks to the immense interest it attracted.

These were priced at €0.62 per share.

“The ‘Ringing of the Bell’ is a significant event for the MSE and for us. This project was born out of a vision that goes back years and still has much more to deliver,” APS Bank CEO Marcel Cassar said.

“In our towns and villages, we ring bells to announce important events and milestones, and we hope to have other opportunities to ring bells, maybe not this one, with an even louder chime,” he continued.

MSE Chairman Joseph Portelli addressed the event with a welcome speech.

“I can see, based on the people here, there is real pride at APS, that you have taken this significant step,” he said.

“Congratulations to all of you, to your Board and your Shareholders. Congratulations to the APS team. We are thrilled that, after your bond issue of 2020, you are now a key member of the MSE family. Keep up the great work,” Mr Portelli added.

The event was attended by members of APS Bank Management and staff who worked closest on the IPO, senior representatives from joint sponsors and managers Rizzo Farrugia & Co. and Curmi & Partners, Legal Counsel Ganado Advocates, and management and staff of the MSE.

This milestone was also celebrated by Doreanne Caruana, Head of Corporate Advisory – Capital Markets at Rizzo Farrugia & Co.

“359,715,661 – that’s the number of shares we listed for the APS Bank IPO. Today, we held the customary ringing of the bell ceremony at the MSE, celebrating the trading of the stock on the official list,” Ms Caruana wrote on social media.

“Cheers to one of the biggest IPOs in a while,” she concluded.