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Hili Properties Company plc is set to go public in an upcoming Initial Public Offering (IPO), which is expected to see it issue 185,185,185 shares at €0.27 each, with a total value of €50 million. The company expects regulatory approval of its prospectus for this IPO to be received by October 25, 2021.
A company presentation is available here. 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 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, which will enable it to adopt a generous dividend distribution policy.
The Initial Public Offering is subject to approval of its Application for Authorisation for Admissibility to Listing by the MFSA requesting the approval of the prospectus in relation to proposed public issue of the Shares by the issuer.
This does not constitute an offer or solicitation to invest in shares of the Issuer in view that the Issuer await MFSA approval and it is being published for information purposes only following the Company Announcement issued by the Issuer on the 14 October 2021.
Investors are reminded that the value of the investment can down as well as up and past performance is not necessarily indicative of future performance. Investing in shares may result in a loss of some or all of the capital invested.
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.
The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. CC does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website.
Calamatta Cuschieri Investment Services Ltd is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act.
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