Source: Times of Malta
Last Monday marked the first day of trading for BMIT Technologies plc on the Malta Stock Exchange. This followed a highly successful IPO, in which 99,761,701 shares in the company were subscribed to by institutional and general investors.
The formal commencement of trading was accompanied by the traditional bell-ringing ceremony at the Malta Stock Exchange, attended by the board of directors of BMIT Technologies, the company’s external advisers and top Malta Stock Exchange officials.
“BMIT’s listing on the main market of the Malta Stock Exchange is the culmination of a journey over a number of years, which saw the company transforming itself into a fully-fledged IT organisation, servicing a wide-range of local and international companies,” said Nikhil Patil, chairman of BMIT Technologies plc.
“The company now plans to continue building on this success to grow further and deliver value to all shareholders that have shown trust in BMIT by investing in it,” he added.
“BMIT Technologies’ success is a result of a clear strategy which we executed over a number of years, which saw us grow our core business, make key strategic investments and continue attracting expert technical resources, in both BMIT and Kinetix,” said Christian Sammut, BMIT chief executive officer of the company.
“I would like to extend the company’s gratitude to the board of directors for their support, as well as all employees for making the company the success story that it has become.”
BMIT Technologies plc commenced trading on the regulated main market of the Malta Stock Exchange on February 18, under the BMIT ticker symbol.