Hili Ventures will be acquiring just over half of the remaining publicly owned shares in Hili Properties plc through its voluntary public takeover bid, taking its total shareholding to 87.74%.
Following the bid, which ran from February 26 to March 25, 2025, Hili Ventures shall be acquiring 51,749,622 shares, representing just under 12.91% of Hili Properties’ issued share capital. The voluntary public offer was open to all shareholders and was priced at €0.24c per share, roughly 5c per share more than the company’s share price at the launch of the bid. All the conditions set out in the Offer Document were satisfied in full and the transfer of shares is expected to be completed by April 23, 2025.
“We are satisfied with the outcome of this voluntary takeover bid. We will now continue working on consolidating our ownership through the available channels to continue to optimise our asset management and investment strategy,” said Hili Ventures CEO Melo Hili.
Building on its pre-existing stake, the bid has successfully strengthened Hili Ventures’ position as the majority shareholder, as it continues to pursue further growth.
Hili Properties was established in 2012 as a private subsidiary of Hili Ventures and listed its share capital on the Malta Stock Exchange in 2021. It owns and manages commercial real estate for lease in several European countries, including Estonia, Latvia, Lithuania, Malta and Romania. Its properties include business centres, shopping malls, healthcare facilities and property housing McDonald’s restaurants in key commercial districts.
