HSBC Bank Malta plc has announced that it will convene an Extraordinary General Meeting (EGM) on 13th February 2025 to consider a resolution that would allow the bank to disclose information on potential buyers, a transaction involving a substantial shareholding.

The resolution, listed as Special Business on the EGM agenda, seeks approval for the disclosure of information connected to the potential transaction.

What we know about the potential sale of HSBC Bank Malta

Last September, this newsroom revealed that APS Bank were in talks to acquire a 70.03 per cent shareholding in HSBC Bank Malta held by its parent company, HSBC Holdings. The story followed an announcement by HSBC Holdings that it was conducting a strategic review of its Maltese holding operations.

At the time, APS Bank had not publicly disclosed its dealings with HSBC Global, however in late November, through the Malta Stock Exchange, it declared its interest in acquiring HSBC Malta, publicly confirming the story.

Also in late November, HSBC Malta issued a statement saying it was calling an EGM to obtain shareholder permission to share sensitive price-sensitive information as it had been approached by a number of potential bidders.

The company said that its parent company “has been contacted by a number of parties who have expressed interest in its shareholding” in HSBC Bank Malta.

Upcoming EGM by HSBC Malta

In a move to uphold corporate governance and transparency, HSBC Bank Malta outlined the rights of shareholders ahead of the EGM. Shareholders or groups holding at least five per cent of the bank’s voting-issued share capital have been invited to actively participate by either:

• Requesting the inclusion of additional items on the meeting agenda.
• Tabling draft resolutions for items already listed on the agenda.