MIA surpasses 800,000-passenger mark in May for the first time in its history

Passenger movements through Malta International Airport surpassed the 800,000-mark in May for the first time in the airport’s history, with this milestone being reached in July last year.

 In fact, May’s 858,402 movements exceeded the airport’s previous passenger traffic record for the month, held by May 2023, by 18.2 per cent, or more than 132,000 movements.

 Last month’s upswing in passenger traffic was observed in parallel with a 13.8 per cent increase in aircraft movements, with a total of 5,607 take-offs and landings recorded in May, and a rise of 14.1 per cent in seat capacity.

A high seat load factor of 85.9 per cent also demonstrated strong demand for air travel and efficient utilisation of available seats.

Italy, the United Kingdom, and Germany continued to dominate Malta International Airport’s market leaderboard, collectively holding just over 50 per cent of the market share. France and Poland secured the fourth and fifth positions respectively, with Poland achieving the most substantial growth, increasing by 62.4 per cent over 2023.

 

Hili Finance Company plc – €80 million bond issue oversubscribed within hours

Hili Finance Company plc on Wednesday announced that its €80 million bond issue has been oversubscribed, just a few hours after being open for subscription.

The company stated that the offer was oversubscribed and the offer period on the same day it opened.

As a result, the basis of acceptance of the bonds shall be brought forward. Hili Finance Company said that it will be communicated by latest 1st July 2024.

“The company wishes to thank the investing public and authorised financial intermediaries for their tremendous support in this bond issue,” it continued.

Hili Finance Company Chairman Geoffrey Camilleri had stated that this bond issue represents a “crucial step” in the company’s strategic growth plan, enabling it to “continue to invest in acquisitions and network expansion.”

 

Malta Company Announcements:

ClearFlowPlus plc

The Company hereby announces that its forthcoming Annual General Meeting (AGM) shall be held at the Water Service Corporation Head Office, Triq Hal-Qormi, Luqa, LQA 9043 on Thursday the 20 th June 2024 at 09:30 hrs, for the purpose of considering and, if thought fit, pass the following resolutions:

1. To consider and approve the Company’s Annual Report and Audited Financial Statements for the financial year ended 31st December 2023;

2. The consider and approve the Company’s Directors’ remuneration to be maintained

3. To consider and approve a one (1) year extension of auditing services by GCS Malta.

Mercury Projects Finance plc

The Company has been informed by Mercury Towers Ltd. (the “Guarantor”) that Ms. Chloe Portelli (holder of Identity Card number 34696G) and Mr. Tristen Portelli (holder of Identity Card number 13201H), daughter and son of Mr. Joseph Portelli, a director of the Company and of the Guarantor and beneficial owner of the Mercury Group, have been appointed as executive directors on the boards of directors of the Guarantor and of the other subsidiary companies of the Guarantor other than the Issuer, namely Mercury Commercial Mall Ltd. (C100729), Mercury Hotel Ltd. (C100730) and Mercury Car Park II Ltd. (C100736).

Grand Harbour Marina plc

The Board of Directors of the Company announces that it is scheduled to meet on the 25 June 2024 to amongst others consider whether to declare a dividend.

Plaza Centres plc

1. That the Annual Report for the financial year ended 31 December 2023, including the financial statements for the year ended 31 December 2023 and the Directors’ and Auditors’ Reports thereon be and is hereby received and approved.

• 2 That a net dividend of €0.0137 per share, which represents a net amount of €350,000 as recommended by the Directors be and is hereby approved.

• That Ernst & Young Limited be and are hereby appointed as Auditors of the Company and that the Board of Directors be and is hereby authorised to determine their remuneration.

• That the Remuneration Report published as part of the Annual Report be and is hereby approved.

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