Granting of admission to any of the recognised lists of Malta Stock Exchange plc is approved by the Board of Directors.
SponsorAn Applicant for admission must appoint a sponsor in accordance with Chapter 2 of the Listing Rules issued by the Listing Authority.
The Sponsor must :
be available to guide and provide advice to the Applicant
ensure that the Exchange is kept aware of all relevant information
assume responsibility for signing and lodging the application and supporting documents with the Exchange
Basic Conditions
for Admission The following are the basic conditions to be fulfilled by an Applicant for admission.
Application for admission must be submitted at the same time as application for admissibility is made to the Listing Authority
Financial instruments for which admission is sought must be freely transferable
The Exchange may require the Applicant to enter into an Admission Agreement
The application must relate only to the financial instruments for which admission is being sought
The application must relate to all the financial instruments of the class for which admission is being sought
Application Appendix 6.1 - Chapter 6 (Admission Requirements and Disclosure Standards) of the Bye-laws of Malta Stock Exchange plc.
The application must be duly signed by the Sponsor and the Directors of the Applicant and must be submitted by the Sponsor together with the supporting documents.
The supporting documents are the following.
A copy of the Offering Memorandum approved/to be approved by the Listing Authority
Certified copies of the Board Resolutions authorizing the issue of the financial instruments for which application is being made and also those authorizing the issue of the Offering Memorandum
A copy of any notice of meeting as may be referred to in the Offering Memorandum
Disclosure Requirements
Once a financial instrument is granted admission, the Issuer must ensure compliance with the continuing obligations and disclosure standards as laid down in the Listing Rules and other relevant rules.
The Issuer must appoint a Compliance Officer who shall be responsible to ensure compliance with all relevant rules.
Company Announcements
Issued in English or Maltese in accordance with the Listing Rules and Prevention of Financial Markets Abuse (Disclosure and Notification) Regulations, 2005
Disseminated through the Exchange's Dissemination System
May be issued at any time during the Exchange's business hours
The Exchange does not have responsibility for the contents of any Company Announced forwarded to it for dissemination
The Exchange will report non-compliance with disclosure requirements to the relevant competent authority
Other Information
The Exchange may require an Issuer to provide further information/documentation as appropriate to ensure compliance with relevant regulations
Language English
Fees The Exchange charges Annual Admission Fees are indicated hereunder.
Equity/fixed income:
Calculated on market capitalization:
Minimum: €2,250
Maximum: €116,000
Collective Investment Schemes:
Scheme: €1,160
Sub-funds : (depending on number of sub-funds listed)
Minimum: €465
Maximum: €1,160
For further information regarding admission to any of Malta Stock Exchange plc's recognised lists please refer to:
Financial Markets Act (Cap. 345 of the Laws of Malta) (www.gov.mt)
Listing Rules (www.mfsa.com.mt)
Bye-laws of Malta Stock Exchange plc (www.borzamalta.com.mt)
Prevention of Financial Markets Abuse (Disclosure and Notification) Regulations, 2005 (www..gov.mt)
Exchange Notice 1 - Fees & Other Charges (www.borzamalta.com.mt).
Admission to Listing
