In a statement on Wednesday evening, HSBC said,
“Reference is made to Company Announcement HSBC440 issued earlier today 11 September 2024 by HSBC Bank Malta p.l.c. (‘HSBC Malta’) informing Shareholders that HSBC Holdings plc had informed the HSBC Malta’s Board of Directors that it will undertake a strategic review of its indirect 70.03% shareholding in HSBC Malta.
Reference is made to reports in the local media earlier today that APS Bank p.l.c. is in advanced negotiations with the majority shareholder to buy its shareholding in HSBC Malta. In terms of Capital Markets Rules 5.174.2, HSBC Malta announces that it is not aware of any such negotiations taking place between the majority shareholder and APS Bank p.l.c. or any other third party but has requested clarification of the position from its majority shareholder.
HSBC Malta will make further announcements as and when required”.
