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Company Announcement: COVID-19

The following is a Company Announcement issued by Calamatta Cuschieri Finance plc “the Company”, in terms of the Rules of Prospects MTF, the market regulated as a multi-lateral trading facility operated by the Malta Stock Exchange (‘Prospects MTF Rules’).

The company would like to update the market in relation to the effects of the spread of COVID-19 virus in Malta and the world and considerations and measures made and applied by the Company accordingly.

  • Since the health and safety of our staff and clients is of paramount importance the company has planned and now implemented remote working arrangements for the majority of its staff. Additional measures relating to critical functions within the business in line with best practice and the health authorities’ recommendations are also in place.
  • Whilst the company has enacted a policy to stop any face to face meetings with clients no disruption to the delivery channels in our groupwide product offering or service has occurred or is expected. The financial planning services and financial advisors continue to be available and accessible by phone and video conferencing. The Call centre continues to operate as per normal business hours. CC Trader the online platform has not been affected and our fund services, research and investment management teams continue to operate as normal on a remote basis.
  • Whilst we do expect financial markets locally and internationally to be characterised by uncertainty and volatility and for this to have short to medium term effects of an adverse nature on investor sentiment and financial markets in general, these financial market driven circumstances are only likely to reveal their medium to long term consequences on the performance of the Company and Group over time. That notwithstanding the company is well placed to meet all its obligations towards its creditors and is implementing various measures in order to ensure this.

Accordingly, and in light of the fast changing and developing context locally and abroad, the Company will continue to update the Market on matters relating to the measures and circumstancessurrounding COVID19 when and as relevant developments take place and more clarity emerges