“Hili Ventures aims for complete acquisition of Hili Properties…”

Hili Ventures Limited has announced its intention to launch a conditional voluntary public takeover bid to acquire all issued shares of Hili Properties plc. In response, Hili Properties has requested the Malta Financial Services Authority (MFSA) and the Malta Stock Exchange (MSE) to immediately suspend trading of its shares, promising to keep the market informed of developments.

This announcement follows significant corporate restructuring and acquisitions by Hili Properties. Recently, it completed an intra-group share transfer, acquiring full ownership of Premier Assets S.R.L. and Hili Premier Estates Romania S.R.L. from Hili Properties B.V. Additionally, Hili Properties finalized its acquisition of the remaining 25% of Baneasa Real Estate S.R.L., becoming the sole owner of the MIRO Office Building in Bucharest, Romania.

Hili Properties plc, the property division of Hili Ventures, has been trading on the Malta Stock Exchange since 2021. With an authorized share capital of €120 million, it focuses on acquiring and managing a diversified property portfolio, including Harbour (APM) Investments Limited (HIL), which owns approximately 92,000m² of land in Bengħajsa.

If successful, the takeover bid will result in Hili Ventures fully owning Hili Properties, consolidating its position within the group.

International Hotel Investments reveals plans for a €35 million bond offering

Subject to regulatory approval, existing holders of the Maturing Bonds will have priority in subscribing to the new bond issue.

International Hotel Investments p.l.c. (IHI), operating as Corinthia Group, has announced plans to issue €35 million in 5.30% unsecured bonds maturing in 2035, pending regulatory approval from the Malta Financial Services Authority (MFSA). The bonds will be listed on the Malta Stock Exchange (MSE).

The proceeds will partially fund the redemption of IHI’s existing €45 million 5.75% bonds maturing on May 13, 2025. This move aligns with IHI’s strategy to reduce debt and enhance profitability.

IHI has expanded its portfolio recently, launching hotels in New York and Brussels, with upcoming openings in Bucharest, Rome, and the Gulf region.

Holders of the maturing 2025 bonds will have priority to subscribe to the new bonds by surrendering their existing bonds’ nominal value, subject to regulatory approval. To qualify, bondholders must be registered by the close of the trading session on February 17th, with trading of the maturing bonds ceasing thereafter.

Further details will be released upon MFSA approval.

IHI, through Corinthia Group, owns and manages hotels across four continents and invests in residential and commercial real estate. In Malta, its portfolio includes iconic hotels like Corinthia Palace Hotel & Spa and Radisson Blu resorts.

Corinthia Group has five new hotels scheduled to open by 2026 in Europe, the Middle East, and South Asia, all owned by third-party investors.

Malta Company Announcements:

Bortex Group Finance plc

The Company announces that the Board of Directors is scheduled to meet on Friday 28th February, 2025 in order to consider the Consolidated Annual Financial Statements of Bortex Group Holdings Company Limited (the “Guarantor”) and to approve the audited Financial Statements of Bortex Group Finance plc (the “Issuer”) for the year ending 31st October, 2024.  

The Company’s Annual General Meeting will also be held on the same date, subsequent to the above-mentioned Board Meeting.  

Medservregis plc

The Company is informed that on the 18th February 2025, DOCOB Limited (a Mauritius company with registration number C178883), (DOCOB) (beneficially owned by the Siger Trust and Renaissance Trust) transferred 50,813,816 ordinary shares held in the Company to the Siger Trust and the Renaissance Trust. The Siger Trust is a trust created under the laws of Seychelles, the appointed beneficiary of which is Mr. David O’Connor (CEO and director of the Company) and the named beneficiaries are Mr. David O’Connor’s spouse and descendants.

The Renaissance Trust is a trust created under the laws of Mauritius, the appointed beneficiary of which is Mr. Olivier Bernard (Deputy CEO and director of the Company) and the named beneficiaries of which are Mr. Olivier Bernard’s descendants.

APS Bank plc

The Board of Directors of APS Bank plc is scheduled to meet on Thursday 13 March 2025 to:

– Consider and approve the Group’s and the Bank’s audited financial statements for the financial year ended 31 December 2024; and

– Consider the declaration of a dividend, if any, to be recommended to the Annual General Meeting, subject to the due regulatory approvals that may be required.

Mapfre Middlesea plc

Mapfre Middles plc announces that the forthcoming Annual General Meeting (the “AGM”) is scheduled to be held on Wednesday, 30^th April 2025. Further information relating to the AGM will be announced a later date.

Pursuant to the Capital Markets Rules, a shareholder or shareholders holding not less than 5% of the voting issued share capital of the Company may:

1. Request the Company to include items on the agenda of the AGM, provided that each item is accompanied by a justification or a draft resolution to be considered at the AGM and
2. Table draft resolutions for items to be included in the agenda of the AGM.

The request to include items on the agenda of the general meeting or the draft resolution referred to above should be submitted to the Company Secretary, in hard copy, at Middle Sea House, The Granaries, Floriana or submitted electronically to [email protected] at least forty six (46) days before the 30^th April 2025, that is, by the 15^th March 2025 and shall be authenticated by the persons making it. The Company shall not be obliged to entertain any requests by shareholders received after 15^th March 2025.

‘Disclaimer: The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Timberland Finance has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. All investments carry risks. Your investments may go up as they may go down, including the possible loss of capital. Past performance is not indicative of future results. Timberland Finance does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website. This website is owned and operated by Timberland Invest Ltd. Timberland Invest Ltd. is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act. ’