“New Bond Issue – Hili Finance Company plc…”

Timberland Invest Ltd will be participating in this issue as one of the authorized intermediaries and will be accepting applications for this bond. 

The Bonds are guaranteed by Hili Ventures Limited (C 57902), a private limited liability company registered under the laws of Malta.

On 4 June 2024, Hili Company plc (the “Issuer”) published a Prospectus in relation to the issuance of €80 million 5.00% unsecured and guaranteed bonds maturing in 2029.

The proceeds from the new bonds will be used for:

• the rollover of the existing €36 million 5.10% 1923 Investments plc unsecured bonds maturing in December 2024;
• refinance bank loans that were recently used for capital and strategic investments; and (iii) general corporate funding purposes.

The Issuer will be granting preference to bondholders and shareholders of companies forming part of Hili Ventures Limited – to holders of securities of Harvest Technology p.l.c., Hili Properties p.l.c., Premier Capital p.l.c.

The general public may also participate in this Bond Issue by completing the general public Application Form ‘C’.

Minimum Subscription Amount: €3,000 (nominal) and in multiples of €100 thereafter

The Offer Period will run between June 19, 2024 and July 10, 2024, subject to said offer period closing earlier with respect to any one or more classes of applicants depending on the total level of subscription in the Bond Issue.

“BMIT Technologies reported another strong financial performance…”

Leading hybrid IT, cybersecurity and digital infrastructure services provider BMIT Technologies plc today reported its consolidated accounts for the financial year 2023. The company reported another strong financial performance and substantial investments in digital infrastructure.

BMIT’s results show a year-on-year increase of 11% in revenues, to €28.7 million, and earnings before tax, depreciation and amortisation (EBITDA) of €10 million. Profit before tax amounted to €7.7 million.
Speaking to shareholders at its annual general meeting, Chairman of the Board, Nikhil Patil described 2023 as a ‘game changing’ year for BMIT.

He spoke about the substantial investments being made and plans for future investments, describing the company as “a one-of-a-kind investment asset class in Malta for equity investors that provides growth and dividends at the same time”.

“I firmly believe that we are on the right path propelled by twin engines of growth – our hybrid IT and managed services vertical, as well as our digital infrastructure vertical. This will allow us to embrace new opportunities to continue creating long-term value for you, our shareholders,” Mr Patil said.

BMIT Technologies’ Chief Executive Officer, Christian Sammut, expressed satisfaction with the company’s progress despite market challenges and financial pressures.

The financial results for 2023 were approved by the board of directors and confirmed at this year’s Annual General Meeting, held on 29th May 2024. The board has also approved a net dividend of €5m, or 2c46 per share, with a scrip option.

The final dividend for the year ended 31st December 2023 will be paid on the 20th June 2024.

Malta Company Announcements:

6PM Holdings plc

The Company hereby announces that during the meeting of its Board of Directors held on 11th June 2024, the Company’s half-yearly financial report and unaudited financial statements for the six-month financial period ended 30th April 2024 were approved.

The Board resolved not to declare an interim dividend

M&Z plc

1. That the Audited Financial Statements for the financial year ended 31 December 2023 and the Report of the Directors and the Auditors thereon as set out in the Annual Report be and are hereby approved.

2. To approve a final net dividend of €873,840 equivalent to €0.01986 per share, as recommended by the Directors.

3. That the re-appointment of PricewaterhouseCoopers, of 78, Mill Street, Qormi, Malta as auditors of the Company be hereby approved and that the Directors are hereby authorised to fix their remuneration.

4. That €634,269 be established as the maximum annual aggregate remuneration for all Directors.

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