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Lombard Bank Malta Plc

Regulatory Filings Mar 16, 2021

2050_rns_2021-03-16_651afafa-1617-40f5-9c61-30104c907814.pdf

Regulatory Filings

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COMPANY ANNOUNCEMENT

The following is a Company Announcement by Lombard Bank Malta p.l.c. pursuant to the Listing Rules of the Listing Authority:

Quote

Lombard Bank Malta p.l.c. (the Bank) hereby announces that it has established two wholly-owned subsidiaries, namely FundsLCAM SICAV p.l.c. and Lombard Capital Asset Management Limited.

Subject to relevant regulatory approvals and licences being obtained,

  • FundsLCAM SICAV p.l.c will be a Retail Collective Investment Scheme in terms of applicable law on undertakings for collective investment in transferable securities and applicable rules and regulations.
  • Lombard Capital Asset Management Limited will be a UCITS management company which will primarily provide investment management services to collective investment schemes and carry on such other investment services business in terms of its licence and provide any ancillary services.

The Bank considers this development as positively significant and one that stands to benefit all its stakeholders.

Unquote

Helena Said Company Secretary

16 March 2021

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