HSBC Bank Malta plc has disclosed the agenda for its upcoming Extraordinary General Meeting (EGM), scheduled for Thursday, 13th February 2025, at the Corinthia St George’s Bay in St Julian’s.

The EGM, convened to consider matters related to a potential change in the bank’s ownership, will see shareholders vote on an Ordinary Resolution authorising the disclosure of confidential and unpublished price-sensitive information to bona fide offerors. This move is intended to facilitate the evaluation and potential negotiation of a Substantial Shareholding, as defined under Capital Markets Rule 5.174.

Participation and documentation

Shareholders listed on the Bank’s Register of Members as of the Record Date on 14th January 2025 will be eligible to participate and vote at the EGM. They can do so either in person or by proxy. Supporting documents, including the Notice of the EGM, Circular to Shareholders, and Form of Proxy, are accessible via HSBC Malta’s official website.

Background and potential buyers

This announcement marks a significant step forward in the ongoing speculation surrounding HSBC Malta’s potential sale. The bank’s decision to propose an information-sharing mechanism confirms that discussions with interested parties are underway.

Although HSBC has remained tight-lipped on “potential buyers”, industry observers have noted that APS Bank is among the local players with the capacity and interest to acquire the bank’s operations. Following an exclusive by WhosWho.mt on APS’ interest in acquiring the 70.03 per cent share in HSBC Malta from its parent company, HSBC Holdings, the Church-owned bank officially confirmed its interest through a company announcement. International firms could also enter the fray, given the strategic appeal of HSBC Malta’s established customer base and market share.

The EGM is seen as a critical moment in what could be a transformative period for one of Malta’s leading financial institutions. Shareholders and stakeholders alike will be watching closely as the process unfolds, with significant implications for the local banking landscape.

Stay tuned to WhosWho.mt for the latest developments.