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	<title>
	Comments on: ElectroGas Malta Ltd has not yet been incorporated/registered with the Malta Financial Services Authority	</title>
	<atom:link href="https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/feed/" rel="self" type="application/rss+xml" />
	<link>https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/</link>
	<description>Daphne Caruana Galizia is a journalist working in Malta.</description>
	<lastBuildDate>Sat, 17 May 2014 15:33:19 +0000</lastBuildDate>
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		<title>
		By: There is no power purchase agreement		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1948189</link>

		<dc:creator><![CDATA[There is no power purchase agreement]]></dc:creator>
		<pubDate>Sat, 17 May 2014 15:33:19 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47570#comment-1948189</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943185&quot;&gt;La Redoute&lt;/a&gt;.

I do not understand why you say &quot;That information has not been published in the MFSA company registry.&quot;

The MFSA company registry online reflects all movements resulting from the 9 May documents, so the information is published.

The 9 May documents increased the authorised AND issued share capital of Malta Power and Gas Ltd from 1,201 shares to 10,000 shares.  

Situation before 9 May: 1,200 shares held by Enemalta, 1 share held by Aviation Fuelling Services Ltd.  

Situation after 9 May: 9,999 shares (denominated A shares) held by Enemalta, 1 share held by Aviation Fuelling Services Ltd.

For the time being, Gasol does not appear among the shareholders of MPGL and that is probably because the Share Purchase Agreement has not been given effect as yet - there may be conditions in it which still need to be fulfilled before it is executed.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943185">La Redoute</a>.</p>
<p>I do not understand why you say &#8220;That information has not been published in the MFSA company registry.&#8221;</p>
<p>The MFSA company registry online reflects all movements resulting from the 9 May documents, so the information is published.</p>
<p>The 9 May documents increased the authorised AND issued share capital of Malta Power and Gas Ltd from 1,201 shares to 10,000 shares.  </p>
<p>Situation before 9 May: 1,200 shares held by Enemalta, 1 share held by Aviation Fuelling Services Ltd.  </p>
<p>Situation after 9 May: 9,999 shares (denominated A shares) held by Enemalta, 1 share held by Aviation Fuelling Services Ltd.</p>
<p>For the time being, Gasol does not appear among the shareholders of MPGL and that is probably because the Share Purchase Agreement has not been given effect as yet &#8211; there may be conditions in it which still need to be fulfilled before it is executed.</p>
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		<title>
		By: Manuel		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1946591</link>

		<dc:creator><![CDATA[Manuel]]></dc:creator>
		<pubDate>Sat, 17 May 2014 09:33:01 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47570#comment-1946591</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1942987&quot;&gt;Freedom5&lt;/a&gt;.

Touché]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1942987">Freedom5</a>.</p>
<p>Touché</p>
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		<title>
		By: Spock		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1944680</link>

		<dc:creator><![CDATA[Spock]]></dc:creator>
		<pubDate>Sat, 17 May 2014 01:57:18 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47570#comment-1944680</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943144&quot;&gt;La Redoute&lt;/a&gt;.

And the people whose lives are ruined in the process]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943144">La Redoute</a>.</p>
<p>And the people whose lives are ruined in the process</p>
]]></content:encoded>
		
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		<title>
		By: La Redoute		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1944187</link>

		<dc:creator><![CDATA[La Redoute]]></dc:creator>
		<pubDate>Fri, 16 May 2014 23:56:51 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47570#comment-1944187</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943238&quot;&gt;Tabatha White&lt;/a&gt;.

What do you mean &#039;already at work on the power station&#039;?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943238">Tabatha White</a>.</p>
<p>What do you mean &#8216;already at work on the power station&#8217;?</p>
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		<title>
		By: La Redoute		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1944048</link>

		<dc:creator><![CDATA[La Redoute]]></dc:creator>
		<pubDate>Fri, 16 May 2014 23:23:32 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47570#comment-1944048</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943185&quot;&gt;La Redoute&lt;/a&gt;.

And your point is...?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943185">La Redoute</a>.</p>
<p>And your point is&#8230;?</p>
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		<title>
		By: Gahan		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943826</link>

		<dc:creator><![CDATA[Gahan]]></dc:creator>
		<pubDate>Fri, 16 May 2014 22:33:28 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47570#comment-1943826</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1942950&quot;&gt;Gahan&lt;/a&gt;.

Shiv Nair and Alijev can&#039;t be accepted by any due diligence even if it is done in Bahamas.

Daphne has been pointing that there were problems with the LNG power station, and the PN seems to be cautious to speak out.

Would a power station that size be built in ten and a half months? The concrete would hardly be dry.

Any bets?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1942950">Gahan</a>.</p>
<p>Shiv Nair and Alijev can&#8217;t be accepted by any due diligence even if it is done in Bahamas.</p>
<p>Daphne has been pointing that there were problems with the LNG power station, and the PN seems to be cautious to speak out.</p>
<p>Would a power station that size be built in ten and a half months? The concrete would hardly be dry.</p>
<p>Any bets?</p>
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		<title>
		By: Jozef		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943363</link>

		<dc:creator><![CDATA[Jozef]]></dc:creator>
		<pubDate>Fri, 16 May 2014 20:47:29 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47570#comment-1943363</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943160&quot;&gt;La Redoute&lt;/a&gt;.

And that explains Mizzi mgerfex fil-flow. 

Is it also possible there&#039;s no power plant without a tanker, which tanker however&#039;s gone missing?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943160">La Redoute</a>.</p>
<p>And that explains Mizzi mgerfex fil-flow. </p>
<p>Is it also possible there&#8217;s no power plant without a tanker, which tanker however&#8217;s gone missing?</p>
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		<title>
		By: Jozef		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943355</link>

		<dc:creator><![CDATA[Jozef]]></dc:creator>
		<pubDate>Fri, 16 May 2014 20:44:07 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47570#comment-1943355</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1942386&quot;&gt;ciccio&lt;/a&gt;.

Can you please come up with a flow diagram outlining this network? 

I&#039;m lost.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1942386">ciccio</a>.</p>
<p>Can you please come up with a flow diagram outlining this network? </p>
<p>I&#8217;m lost.</p>
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		<title>
		By: bob-a-job		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943326</link>

		<dc:creator><![CDATA[bob-a-job]]></dc:creator>
		<pubDate>Fri, 16 May 2014 20:38:44 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47570#comment-1943326</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1942014&quot;&gt;edgar&lt;/a&gt;.

Munching cookies one presumes.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1942014">edgar</a>.</p>
<p>Munching cookies one presumes.</p>
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		<title>
		By: There is no power purchase agreement		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943294</link>

		<dc:creator><![CDATA[There is no power purchase agreement]]></dc:creator>
		<pubDate>Fri, 16 May 2014 20:32:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47570#comment-1943294</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943185&quot;&gt;La Redoute&lt;/a&gt;.

The online registry shows that Enemalta is the holder of 9,999 shares of Euro 1 each and another one share is held by Aviation Fuelling Services Ltd.  Do you have online access?

Seeing the documents is not necessary.  The online details about current shareholders reflect the result of the increase in share capital of 9 May.  What other information do you need to see?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/electrogas-malta-ltd-has-not-yet-been-incorporatedregistered-with-the-malta-financial-services-authority/#comment-1943185">La Redoute</a>.</p>
<p>The online registry shows that Enemalta is the holder of 9,999 shares of Euro 1 each and another one share is held by Aviation Fuelling Services Ltd.  Do you have online access?</p>
<p>Seeing the documents is not necessary.  The online details about current shareholders reflect the result of the increase in share capital of 9 May.  What other information do you need to see?</p>
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