“New Government Stock Issues – February 2025

The Government of Malta is issuing new Malta Government Stocks.

Two options are available:

For Retail Investors (Fixed Price):

Retail investors can purchase either or both of the following stocks at a pre-announced fixed price:

• 3.00% Malta Government Stock 2030 (IV)
• 3.50% Malta Government Stock 2035 (III)

For Wholesale Investors (Auction):

Wholesale investors can purchase either or both of the same stocks through a competitive auction:

• 3.00% Malta Government Stock 2030 (IV)
• 3.50% Malta Government Stock 2035 (III)

The total amount to be raised across both offerings will be €300 million. The Accountant General may increase this amount by up to €150 million in case of oversubscription.

The fixed prices and pricing guidelines will be available on the Treasury’s website and via a Department of Information press release on Thursday, February 13, 2025.

Tigné Mall Delisted as Hili Ventures Finalizes Acquisition

The estimated total transaction cost was approximately €50 million.

Hili Ventures has successfully acquired Tigné Mall, taking the company private. The delisting from the Malta Stock Exchange, approved by the MFSA, took effect on February 3, 2025.

The €50 million acquisition, conducted through Hili Ventures’ subsidiary Marsamxett Properties Ltd, involved the purchase of shares from BOV, HSBC Malta, and MAPFRE MSV Life. Tigné Mall expressed gratitude to its shareholders for their years of support.

 Hili Ventures aims to leverage this acquisition for greater operational flexibility and long-term growth. The Point shopping center, owned and operated by Tigné Mall, remains a key retail destination.

 The mall was originally sold by MIDI in 2013 for around €20 million. No major operational or strategic changes are anticipated.

Malta Company Announcements:

KA Finance plc

Following the announcement issued on the 17th September, 2024, the Company announces that its guarantor KA Holdings Ltd  has received full planning permits (PA/01209/24) to demolish the present property and construct a hotel in Ross Street, St. Julians, issued on the 4th December, 2024. As a direct consequence, the final purchase agreement for the said property has been concluded on 4th February, 2025. 

HSBC Bank Malta plc

The Board of Directors of HSBC Bank Malta p.l.c. (the ‘Bank’) is scheduled to meet on Wednesday 19 February 2025 to:

1. approve the Group’s and the Bank’s Final Audited Accounts for the financial year ended 31 December 2024;

2. consider the declaration or otherwise of a final dividend to be recommended to the Bank’s Annual General Meeting (AGM). Annual General Meeting HSBC Bank Malta p.l.c. announces that the forthcoming AGM will be held on Tuesday 13 May 2025.

Further information relating to the AGM will be announced at a later date and published in the Investor Relations micro site of the Bank’s website https://www.about.hsbc.com.mt/investor-relations. Placing of items / resolutions on the AGM agenda Pursuant to the Capital Market Rules, a Shareholder or Shareholders holding not less than 5% of the voting issued share capital of the Bank may:

 1. request the Bank to include items on the agenda of the AGM, provided that each item is accompanied by a justification or a draft resolution to be adopted at the AGM; and

2. table draft resolution/s for items included in the agenda of the AGM. The request to put items on the agenda of the AGM or the draft resolution shall be submitted to the Company Secretary in hard copy form at 116, Archbishop Street, Valletta or in electronic form to [email protected] at least forty-six (46) days before the 13 May 2025, that is by 28 March 2025.

The agenda item shall be authenticated by the shareholder or shareholders making it. The Bank shall not be obliged to entertain any requests by shareholders received after 28 March 2025.

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