“Marsamxett Properties Ltd, a subsidiary of Hili Ventrues launches offer for the remaining share capital of Tigné Mall plc…”

Marsamxett Properties Ltd, a subsidiary of Hili Ventures, has launched its conditional voluntary public offer for the remaining share capital of Tigné Mall plc.

The company is offering €1.04 per share in a bid to buy the remainder of shares currently held by members of the public.

Marsamxett Properties Ltd. currently holds just over 49.68 per cent of the issued share capital of Tigné Mall p.l.c., the publicly-listed company that manages and operates The Point shopping mall in Sliema.

“Through its bid, it is offering to buy the remainder of the shares currently held by members of the public and listed on the Malta Stock Exchange.”

The offer opens on 16th September 2024 at 8.30am, and interested shareholders can lodge their applications with an Authorised Intermediary as of that date.

“This investment is the first retail complex in the group’s Malta portfolio, underlining the group’s commitment to maximizing commercial and value potential of its assets, while instilling confidence in its homebase. Through its various subsidiaries, Hili Ventures owns a vast portfolio of commercial real estate assets across Europe, including shopping centres, healthcare facilities and office buildings.”

A spokesperson said that The Point has positioned itself “as a prime shopping destination for both locals and tourists”.

Through its various subsidiaries, Hili Ventures owns a vast portfolio of commercial real estate assets across Europe, including shopping centres, healthcare facilities and office buildings.

Malta International Airport p.l.c – August Traffic Results

Malta International Airport welcomed a total of 983,182 passengers last month, confirming August 2024 as the airport’s busiest month on record. As demand for summer travel reached fever pitch, passenger volumes increased steadily throughout August to register a strong growth of 11.9 per cent over the same month in 2023. Daily passenger throughput peaked on the 8th of August, with 34,771 passengers arriving and departing on the airport’s busiest day of the month.

Growth in passenger numbers was experienced in parallel with an upturn of 14.3 per cent in aircraft movements and an increase of 12.1 per cent in seat capacity. Seat occupancy on flights also registered strong growth to stand at 91.2 per cent; the highest seat load factor to be recorded in 2024 so far.

Malta International Airport’s top markets remained largely unchanged, with Italy and the United Kingdom topping the leaderboard with a combined market share of almost 45 per cent. Germany, however, overtook France to become the third largest driver of passenger traffic for the month, while Spain regained the fifth spot for the first time since February. 

AUGUST 2024 HIGHLIGHTS

Total Traffic:                                     983,182 passenger movements

Top Market:                                     Italy (249,410 passenger movements)

Most Popular Airport:                     Rome, Fiumicino (58,782 passenger movements)

Airport Movements:                        6,106 take-offs & landings

Seat Capacity:                                 1,078,257 seats

Fastest-growing Market                 United Kingdom (25%)

Cargo and Mail:                             1,987 tonnes

Year-to-Date Traffic:                      6,000,457 passenger movements (+16.3% over     2023)

Malta Company Announcements:

Simonds Farsons Cisk p.l.c

Simonds Farsons Cisk plc announced that its Board of Directors is scheduled to meet on Wednesday 25 September 2024 to consider the approval of the interim financial statements for the six-month period ended 31 July 2024. The Directors will also consider the payment of an interim dividend.

The Convience Shop (Holding) p.l.c

The Directors approved a net interim dividend of €0.01 per share which translates into a payout ratio of 57.8%. The dividend will be paid on Monday 30 September 2024 to all shareholders as at the close of trading on Thursday 5 September 2024.

AX Real Estate plc

The Directors approved a net interim dividend of €0.006 per share, payable on Monday 30 September 2024 to all shareholders as at close of trading on Thursday 12 September 2024.

M & Z p.l.c

The Directors approved an interim dividend of €0.009 net per share. The dividend will be paid on 30 September 2024 to all shareholders as at the close of trading on 28 August 2024.

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