“New Bond – €23 million 5.35% Hal Mann Vella Group plc Secured 2031-2034…”

Hal Mann Vella Group p.l.c. has announced the issuance of €23,000,000 5.35% Secured Bonds maturing between 2031-2034, having a nominal value of €100 per bond issued and redeemable at par.

Interest on the secured bonds will start accruing as from 26th July 2024.

The period for the existing bonds to be exchanged to the secured bonds is expected to be from 8th July to 19th July 2024. This will be followed by the intermediaries’ offer on 26th July 2024.

The Issuer has mailed pre-printed application forms to holders of the Maturing Bonds appearing on the bond register as at 25 June 2024.

The date of the announcement of the basis of acceptance is expected to be on 2nd August 2024.

On 9th August 2024, the secured bonds are expected to be admitted to the Malta Stock Exchange, while the surrendered existing bonds will be cancelled.

Trading of the secured bonds is set to commence on 12th August 2024.

 

Farsons Group holds its Annual General Meeting in wake of positive fiscal year

The Annual General Meeting convened following a year marked by solid growth in which Farsons Group registered a pre-tax profit of €16.1 million for the year ended January 31, 2024, marking a 4.9% increase from €15.3 million in the previous year. The Group’s turnover reached €132.9 million, an increase of 12.4 % from last year’s figure of €118.2 million.

Speaking about the Group’s performance, Farsons Group Chairman Louis A. Farrugia said: “Our Group has not only resumed normal dividend payments in the previous financial year but has also witnessed a continued increase across all trading activities during the current financial year. This trajectory underscores our robust recovery and sustained growth momentum.”

The Chairman also emphasised the successful restoration and transformation of The Brewhouse into a multi-purpose leisure destination, marking a significant milestone in the Group’s commitment to enhancing community and shareholder value through strategic investments.

Farsons Group CEO Norman Aquilina said: “In the face of a challenging market and increasing competition, Farsons Group continued to progress through focused investments in our brands and a strong commitment to driving value and enhancing productivity.”

In reporting on the Group’s diverse activities and their results, Mr Aquilina also highlighted the dedicated focus on environmental, social, and governance (ESG) principles and good corporate citizenship. This underscores Farsons Group’s commitment to sustainable practices and ethical standards across all areas of operation.

The shareholders approved the Board of Directors’ proposal for a net dividend of €0.11 per ordinary share of €0.30, representing a final net dividend of €3,960,000, to be paid on 28th June 2024 to the shareholders of the Company registered on its Register of Members as at close of trading on 5th June 2024.

Together with the interim net dividend of €1,800,000 (€0.05 per ordinary share) that was approved at the Board Meeting held on 27th September 2023 and paid to shareholders on 18th October 2023, this will make for total dividends in respect of the financial year ended 31st January 2024 of €5,760,000 or €0.16 per ordinary share.

 

 

Malta Company Announcements:

Harvest Technology plc

The Board of Directors of Harvest Technology p.l.c. (the “Company”) announced that the next Annual General Meeting of the Company shall be held on July 29, 2024 at 10:00, at the Hyatt Regency, St George’s Bay, St Julians.

Shareholders on the register of members of the Company held at the Central Securities Depository of the Malta Stock Exchange as at June 29, 2024 shall be eligible to receive notice of, attend and vote at, the Annual General Meeting.

GO plc

The Company refers to the announcement made on the 27 March 2024 whereby it informed the market that the Company had entered into a share purchase agreement that will result in the acquisition, by the Company, of 51% shareholding in AQS Med Limited (C 50569) (“AQS”) subject to the satisfaction of various conditions precedent.

The Company announceD that all the conditions precedent to closing have been satisfied and that closing has occurred today the 28June 2024.

Further to this strategic acquisition, the Company is anticipated to increase its presence on the energy vertical market which will put the Company in a better position to assist Malta in the achievement of its environmental targets.

APS Funds Sicav plc

The Company hereby announces that the Board of Directors has resolved to declare a dividend distribution of EUR 1.84509 per share for the Class B EUR distributor shares of APS Income Fund (the “Investor Shares”).

The dividend will be paid on 25th July 2024 to the holders of the Investor Shares listed on the Company’s register as at the close of business on 30th June 2024.

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