Hili Properties Company plc announces Initial Public Offering

Hili Properties plc (the “Company”) has announced the issue of 185,185,185 shares, each having an issue price of €0.27 per share. With the aim of raising approximately €50 million, the Company will, according to its dividend policy included in the Prospectus, aim to distribute a projected total net dividend of 4%*. 

The share price of €0.27 marks a 7%** discount from the net asset value per share of the Company of €0.29 as at 30 June 2021. 

A copy of the Prospectus can be found here.
 
If you wish to apply for these shares kindly follow the guidance below or contact us on +25 688 688 to speak to one of our Financial Advisors or visit us in one of our branches at your convenience.  

This offer is also available on CCTrader via the instructions below. 

Business Overview 

Owning and managing a number of commercial real estate for lease in several of Europe’s most thriving cities and up-and-coming locations, including Malta, Estonia, Latvia, Lithuania and Romania, Hili Properties’ portfolio consist of business blocks and office space, grocery-anchored shopping centres, healthcare facilities, as well as property that houses the well-known McDonald’s restaurants.  
 
Operating a low-risk business model that avoids property development and instead focuses on investment, Hili Properties’ strategy centres on providing attractive, risk-adjusted total returns to shareholders that originate from stable yield, supported by its current portfolio’s long-term contracted cash flows and income growth.  
 
The group made €5.2 million in registered profits before tax during 2020 and had a portfolio size of €115.6 million as of the end of August 2021. 
 
Currently, Hili Properties is in advanced discussions to acquire a commercial property in Poland and an industrial property in Lithuania, which together will have a combined value in excess of €38 million.  
 
The company is expected to generate a strong cash flow over the coming years, with long-term lease contracts in place.
 

How to Apply

Orders will be accepted from 26th of October 2021 and can be submitted through one of our Financial Advisors based in one of our four branches (Mosta, Sliema, B’kara and Fgura). 
 
Should you prefer to use our CCTrader platform, kindly follow the instructions below:    

• Head over to the search bar at the top of your screen and input the instrument name(s): Hili Properties Plc IPO – Preferred, Hili Properties Plc IPO – Employees or Hili Properties Plc IPO – General.
• Click on the Buy button on the window located at the bottom of your screen.  
• Next, a New Order page will appear where you’ll find details of your order, as well as the trade value. Select the number of shares you would like to invest in.    
• All you need to do is simply hit the Place Order button at the very bottom and you’re all set. 

All orders must be submitted by not later than the November 26 @ 12:00hrs (Closing date). 

The minimum number of Shares that can be subscribed for by Applicants is of 4,000 Shares and in multiples of 100 Shares thereafter. In case of applications made under nominee, such minimum and multiples shall also apply for each individual underlying customer.
 
The offer may close at an earlier date without prior notice as a result of over-subscription. 
 
Non-nominee applications will be subject to a €25 fee. 
 
A copy of the Prospectus can be found here.
 
 
—— 

*The estimated 4% total net dividend distribution as per the Issuer’s Distribution Policy is only an estimated amount based on financial forecasts, and may not be a reliable indicator of dividend distributions based on the future financial position and performance of the Company. Dividend payments may vary and are not guaranteed. 
 
**The net asset value of the Ordinary Shares of a nominal value of €0.20 as of 30 June 2021 is of €0.29. New Ordinary Shares issued at a price of €0.27 represent a reduction of €0.02 or a 7% discount on the net asset value as at 30 June 2021. The price of shares to be listed and traded on the MSE may fluctuate depending upon the liquidity of the market and not necessarily represent the Issuer’s financial position. 
 
As at date of issuance, Hili Ventures holds 99.99% of the issued share capital. The net asset value of the Ordinary Shares of a nominal value of €0.20 as of 30 June 2021 is of €0.29. New Ordinary Shares issued at a price of €0.27 represent a reduction of €0.02 that is a 7% discount on the net asset value of the Company as at 30 June 2021. The Issuer applied for Admissibility of Listing of Shares on the MSE and the price of shares will be subject to fluctuations and market movements not necessarily caused by the Company’s financial position. 
 
The value of the investment can down as well as up and past performance is not necessarily indicative of future performance. Investing in shares of the Issuer may result in a loss of some or all of the capital invested. 
 
Prospective investors are urged to consult their Financial Advisor prior to investing in shares of the Issuer and make an investment on the basis of the Prospectus, including the Risk factors contained therein. Prospective Investors making an execution only investment are advised that CCIS is not required to undertake an appropriateness assessment and investors do not benefit from the corresponding protection afforded under the conduct of business rules. 
 
This advert has been approved for issue by Calamatta Cuschieri Investment Services Limited, which is licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap 386. CCIS, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta.