“MedservRegis plc: Bond Buy Back…”

Medserv announced that it will not be carrying out a share repurchase programme for the time being but it will be repurchasing a maximum of €5,000,000 (equivalent in US Dollars for the USD Bonds) in the following bonds:

• 4.50% Medsev 2026 (EUR) Unsecured Bonds bearing ISIN MT0000311234
• 5.75% Medserv 2026 (USD) Unsecured Bonds bearing ISIN MT0000311242

The Bond repurchase programme is being carried out by the Company for the purpose of utilizing the Company’s free cash to reduce its leverage ratio and interest costs.

The present programme is available until the 14^th February 2025 at a price reflective of either the nominal value per Bond (€100 or $100) or the highest price of the last independent trade or the highest current bid.

The Company will be providing the market with ongoing updates on the trades carried out.

MeDirect Bank Malta plc reveals a major change in its ownership structure

MeDirect Bank Malta plc (MeDirect) has revealed a major change in its ownership structure. Medifin Finance Limited (MFL), the direct owner of MDB Group Limited (the parent company of MeDirect), has signed a share purchase agreement with Czech financial institution Banka CREDITAS a.s.

Under the agreement, Banka CREDITAS will acquire 100% of MDB Group’s shares, pending regulatory approvals. As part of its strategic plan for MDB Group, Banka CREDITAS intends to invest additional capital into the group and its subsidiaries, thereby enhancing its position within the financial sector.

Banka CREDITAS is affiliated with the Creditas Group, a privately-owned investment entity with a diverse portfolio that includes financial services, real estate, and energy. MeDirect Bank will provide further updates as the transaction advances.

As the transaction progresses MeDirect Bank will keep updating with further news accordingly.

Malta Company Announcements:

Harvest Technology plc

The Company announced that the Board of directors has resolved to distribute an interim net dividend of €683,419, equivalent to €0.03 per share (the ‘Dividend’).

Shareholders appearing on the Company’s register as at close of business on 12^th  December 2024 will be entitled to receive their share of the Dividend. Payment is scheduled to be affected on or around 20^th December 2024.

Malta International Airport plc

Malta International Airport welcomed more than 8.3 million passengers between January and November this year, with the 8 millionth passenger milestone being reached for the first time in the airport’s history on the 12th of November, 2024.

Marking a 15% increase over the same comparable period last year, the strong year-to-date performance has already confirmed 2024 to be the airport’s best performing year to date. 

In November, 630,637 passengers travelled through the airport, translating into a double-digit growth of 19.2 per cent over the same month in 2023. Traffic peaked towards the beginning of the month, with 26,936 passenger movements being registered on Saturday 2nd November, the month’s busiest day. 

This growth in passenger numbers in November was experienced in parallel with an upturn of 19.8% in aircraft movements and an increase of 18.3% in seat capacity over the same month in 2023. Seat load factor (SLF) also gained 0.7% points over last year, to stand at 85.6%. The top contributor to November’s traffic was Italy (+9.6% over 2023) with a market share of 20%, followed by the United Kingdom (+16.7%).

The most significant growth within the airport’s top markets, however, was observed in the Polish market (+56%).

Overtaking Germany and Spain, Poland secured the third spot on Malta International Airport’s market leader board, with this result having been achieved last in January 2024.

Mizzi Organisation Finance plc

The Board of Directors of Mizzi Organisation Finance p.l.c. (the “Company”) hereby announces that Mizzi Estates Limited (C-990), a subsidiary of Mizzi Organisation Limited (C-813), one of the guarantors of the €45,000,000 3.65% unsecured bonds issued by the Company and redeemable between 2028 and 2031 (the “Bonds”), has concluded the sale of the site which, in the prospectus dated 24 September, 2021 published in connection with the issuance of the bonds, was referred to as the ‘Former GSD Factory.’ 

At the time of issuance of the Bonds, the Former GSD Factory was vacant and subject to a promise of sale agreement. As indicated most recently in the Financial Analysis Summary published on 27 June, 2024, the sale of the Former GSD Factory was expected to take place by the end of FY2024.

On 6 December, 2024, Mizzi Estates Limited entered into a final deed of sale with Lidl Immobiliare Malta Limited (C-36321) for the sale of the site in Qormi, as occupied by the building formerly known as the ‘Coca Cola Complex’, parking area and ancillary facilities.

The consideration agreed between the parties to the deed of sale amounted to twelve million seven hundred and fifty thousand euro (€12,750,000). 

Amalgamated Investments

Amalgamated Investments Sicav plc announces that the Board of Directors has resolved to pay out of distributable profits an interim net dividend of €2,200,000. The dividend is payable on 19^th Decemberf 2024 to shareholders listed on the Register of Members on 16^th December 2024.

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