Registration Time: 09:15
Sessions Time: 09:30 - 11:30 
Speakers: Ms Oriana Abela & Ms Jessica Borg
Venue: Online Webinar

Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €70.00
Non-MIA Members: €140.00
Retired Members: €30.00
Students: €50.00 

Session 1 – different platforms (Prospects MTF, IFSM, Main market), securities available (bond, equity, convertible securities, REIT, green bond), applicable rules and requirements (Listing rules), the roles involved (NED, sponsoring stock broker, reporting accountant, legal counsel, secretary) and terminology (secured/unsecured; guaranteed; consolidation)
Session 2 – the listing process from idea generation to approval
Session 3 – ongoing responsibilities and costs (circulars, announcements, financial statements requirements, audit/consolidation, ESEF, sustainability, director responsibilities)

Background Information

Raising capital is a difficult but essential part of running any business. Even the most creative ideas or business plans can only get you so far. It is therefore inevitable that businesses will need funding in order to grow. Although one of the biggest challenges businesses face is raising finance, various options exist and businesses can raise capital through capital markets, bank finance, private placements or business angels amongst others. The training session will focus on the first of the aforementioned and will therefore cover the different capital markets available in Malta and the process involved both from a financial and legal perspective.

Topics on the agenda

• Provide an overview of the instruments which can be listed

• Explore the different platforms available for listing securities

• Discuss the listing process, timeframes and steps involved

• Provide an overview of the different roles (e.g. legal counsel, reporting accountant, sponsoring stockbroker etc)

• Summarise the pertinent Listing Rules which need to be satisfied in order to proceed with listing

• Discuss the metrics analysed by professionals to ensure that a company can proceed with the listing

• Discuss the documentation which needs to be prepared to proceed with listing of instruments

• Provide an overview of ongoing obligations following listing of instruments

Why is the session of relevance to our members?

It is relevant to MIA members because capital markets are an important source of raising finance for companies.

Target Audience 

Financial advisors, finance lawyers, investment advisors, in-house accountants, counsel and advisors of companies seeking to raise finance through capital markets, any person interested in the mechanics underpinning a listing

SPEAKERs' Profiles

Jessica Borg pursued her studies at the University of Malta first obtaining a Bachelor of Laws with Italian, followed by a Diploma of Notary Public and subsequently, graduating as a Doctor of Laws submitting a thesis in the field of contract law. Jessica then read for her Master of Arts in Financial Services degree at the University of Malta, in the pursuance of which she completed study units relating to securities regulation including funds, securities markets, the regulation of banking, EU financial services law, advanced company law matters, and the local legal framework of financial services, among others.
Further to the conferment of the Master of Arts in Financial Services degree obtaining a Magna Cum Laude, Jessica was awarded the GM Corporate and Fiduciary Services Limited Prize for the best dissertation in financial services. Her dissertation is entitled ‘The Use of Distributed Ledger Technology and Smart Contracts in the Financial Services Industry: Legal Implications and Possible Applications’.
Jessica has delivered training on various topics including capital markets, regulated industries, corporate governance, prevention of market abuse, blockchain and the virtual financial assets framework which regulates the issuance of cryptoassets in or from Malta. She is also currently reading a Master of Science in Blockchain and Distributed Ledger Technologies (Law and Regulation) at the University of Malta. As part of the said MSc, she is currently following study units on EU IT Law including an extensive analysis of the General Data Protection Regulation (GDPR) and all relevant local laws, rules, regulations and EU case-law which directly or indirectly relate to privacy and data protection. Jessica has also successfully obtained a Foundation Certificate in Trusts Law and Management.
After a two year experience practicing with a local law firm specialising in the civil, commercial and private law service lines, Jessica joined Grant Thornton in 2015 focusing predominantly on the capital markets, fintech, digital assets, blockchain, innovation, financial services, corporate, trusts, compliance, capital markets, regulatory and licensing fields. She was responsible for the drafting of various contracts relating to the same areas, providing legal support for the set-up of various investment services vehicles, carrying out legal and regulatory due diligence on regulated entities, assisting with the drafting of public offering documentation, advising on corporate restructuring and regulatory compliance, drafting of license applications in the financial services sector, providing support of a legal and regulatory nature to licensed companies, and works alongside the tax and advisory teams providing legal input for projects and business plans.
Jessica is a designated person in terms of the Virtual Financial Assets Act.
Jessica is also a member of the Malta Chamber of Advocates.

Oriana Abela is a Partner at Grant Thornton engaged in the Transaction Advisory Services, a department specialising in corporate finance. She holds an honours degree in Accountancy from the University of Malta and is also ACCA qualified. In 2013, Oriana graduated from the University of Wales with distinction obtaining a Master in Finance, specialising in Mergers and Acquisitions.
Within the firm Oriana leads the capital markets division together with the due diligence division within the advisory practice. Consequently, she have taken a leading role in admitting clients to Prospects MTF, a multi-trading facility of the Malta Stock Exchange, whereby she have raised a total of €36 million for eight clients over the past three years, and a further Notes issue of €10 million on IFSM. Oriana acts as corporate advisor to nine clients admitted on Prospects MTF by monitoring for the duration that the equity/debt is admitted to Prospects MTF. Oriana also heads local and cross border vendor and buy-side due diligence assignments for clients operating in various sectors, as well as due diligence assignments relating to clients when raising funding (the financial due diligence report addressed to the MFSA). With respect to the due diligences, Oriana managed several buy-side due diligence for clients operating in the telecommunications industry, banking/stock broking industry, real estate industry, automobile industry and transportation industry and has assisted clients throughout the merger/acquisition process including the preparation of financial projections and business plans.
Prior to joining Grant Thornton in 2015, Oriana worked at two leading Big 4 companies in Malta, whereby she was involved in a variety of corporate finance engagements, including but not limited to buy-side and vendor cross-border due diligence assignments, purchase price allocation assignments, merger and acquisition transactions, raising of finance on the stock market, feasibility studies/financial projections, debt restructuring, strategic review, valuations of business and equity share capital, impairment review/assessment in relation to investment properties owned by various companies in Malta and review of the pension provision and assistance with any necessary settlement offers. Oriana has also managed cross-border due diligences, both when foreign companies acquired Maltese companies, as well as a foreign companies during her secondment in Milan.

EVENT CPE COMPETENCES

6 Hours Core

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

DISCLAIMER

By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.