HSBC Bank Malta p.l.c. has secured shareholder approval to disclose confidential information, including price-sensitive details, to bona fide offerers and its majority shareholder, HSBC Continental Europe (HBCE), in connection with a potential transaction involving a substantial shareholding in the bank.

The resolution, passed at an Extraordinary General Meeting (EGM), enables HSBC Malta to facilitate due diligence for prospective buyers while adhering to strict confidentiality and regulatory requirements. The approval does not signify any final decision regarding HBCE’s shareholding, as strategic considerations remain ongoing.

HSBC Malta will continue to update the market as required by the Malta Stock Exchange and applicable regulations.

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In September 2024, HSBC Holdings announced a strategic review of its 70.03% indirect shareholding in HSBC Bank Malta p.l.c., considering various options, including a potential sale. This move aligns with HSBC’s broader strategy of reassessing its global operations, particularly in markets where it seeks to optimise its presence.

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Following this announcement, several parties expressed interest in acquiring HSBC’s stake in the Maltese subsidiary. Notably, APS Bank, a prominent local financial institution, confirmed its interest by submitting a non-binding offer to HSBC Holdings.

To facilitate due diligence and enable potential buyers to assess the opportunity thoroughly, HSBC Malta scheduled an Extraordinary General Meeting (EGM) for 13th February 2025. The primary agenda was to seek shareholder approval to disclose confidential and unpublished price-sensitive information to bona fide offerers, a necessary step to advance negotiations.

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The passing of the resolution at the EGM marks a significant milestone in this ongoing process, allowing HSBC Malta to engage more deeply with interested parties while ensuring compliance with regulatory and confidentiality obligations.