Malta Stock Exchange to Assist Listed Companies
With immediate effect, the Malta Stock Exchange (MSE) will introduce a number of measures to alleviate financial stress on companies listed on the MSE’s Regulated Main Market and Prospects MTF. These include the doubling of credit terms from two months to four months, therefore giving companies additional time to settle outstanding balances, along with the waiving of late payment fees.
The Exchange will also, on a case by case basis, work with companies, which require bespoke extended payment plans beyond the extended four month payment period.
MSE Chairman, Mr Joseph Portelli highlighted that “Our stakeholders are very important to us and we value them immensely, and we will do what is reasonably possible to be supportive as the situation develops”.
The Exchange also announced that it will be extending various regulatory reporting deadlines for companies admitted to Prospects MTF by an additional two months, giving companies more time to comply.
