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Hili Properties plc – Launch of Conditional Voluntary Public Takeover Offer

Jonathan Falzon

February 21, 2025

Market News
21 February, 2025
6 min read
Market News
21 February, 2025
6 min read

Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.

On 21 February 2025, Hili Ventures Limited (the “Offeror”), the largest shareholder of Hili Properties plc (the “Company”) holding 74.83% of the issued share capital of the Company, announced the launch of a Conditional Voluntary Public Takeover Offer (the “Offer”) for the acquisition of all the issued share capital of Hili Properties plc. The following are the salient details of the Offer:

Offer Consideration:

€0.24 per share

Offer Period:

From and including 26 February 2025 at 08:30 hours (CET) up to and including 25 March 2025 at 12:00 hours (CET).

Downloads:

Offer Document

 

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN OR SOUTH AFRICA

ACCESS TO THIS WEB PAGE IS RESTRICTED TO PERSONS WHO ARE NOT RESIDENT IN THE UNITED STATES, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION INTO WHICH THE DISTRIBUTION OF THE INFORMATION CONTAINED HEREIN AND THE MAKING OF THE OFFER MAY BE RESTRICTED BY LAW.

The Offer may, in certain jurisdictions, be restricted by law. Persons coming into possession of documents relating to the Offer, or copies thereof, are required to inform themselves about, and to observe, any such restrictions.

The Offer is not being and will not be made, directly or indirectly, in or into, or by use of mails or any means or instrumentality (including, without limitation, facsimile transmission, telephone and internet) of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States, Canada, Japan or South Africa, and the Offer will not be capable of acceptance by any such use, means, instrumentality or facilities or from within the United States, Canada, Japan or South Africa.

Accordingly, copies of documents in relation to the Offer are not being, and must not be, mailed or otherwise forwarded, distributed or sent in or into or from the United States, Canada, Japan or South Africa and persons receiving documents in relation to the Offer (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send it into or from the United States, Canada, Japan or South Africa. Doing so may render invalid any purported acceptance.

The Offer Document and/or the Acceptance Form being made available for download on this website are for information purposes only and do not, and cannot be construed as an offer to persons resident in the United States, Canada, Japan or South Africa.

By downloading the Offer Document and/or the Acceptance Form, you hereby confirm that you are not located within the United States, Canada, Japan or South Africa and that you have read and accepted all the above.

 

Disclaimer:

This webpage has been prepared based on the Offer Document dated 21 February 2025 published by the Offeror. This webpage is for information purposes only. It is not intended to be and should not be construed as an offer or solicitation to acquire or dispose of any of the securities mentioned herein. Rizzo, Farrugia & Co. (Stockbrokers) Ltd accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this webpage.

This Advertisement has been issued by Rizzo, Farrugia & Co. (Stockbrokers) Limited which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange, and having its registered address at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

On 21 February 2025, Hili Ventures Limited (the “Offeror”), the largest shareholder of Hili Properties plc (the “Company”) holding 74.83% of the issued share capital of the Company, announced the launch of a Conditional Voluntary Public Takeover Offer (the “Offer”) for the acquisition of all the issued share capital of Hili Properties plc. The following are the salient details of the Offer:

Offer Consideration:

€0.24 per share

Offer Period:

From and including 26 February 2025 at 08:30 hours (CET) up to and including 25 March 2025 at 12:00 hours (CET).

Downloads:

Offer Document

 

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN OR SOUTH AFRICA

ACCESS TO THIS WEB PAGE IS RESTRICTED TO PERSONS WHO ARE NOT RESIDENT IN THE UNITED STATES, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION INTO WHICH THE DISTRIBUTION OF THE INFORMATION CONTAINED HEREIN AND THE MAKING OF THE OFFER MAY BE RESTRICTED BY LAW.

The Offer may, in certain jurisdictions, be restricted by law. Persons coming into possession of documents relating to the Offer, or copies thereof, are required to inform themselves about, and to observe, any such restrictions.

The Offer is not being and will not be made, directly or indirectly, in or into, or by use of mails or any means or instrumentality (including, without limitation, facsimile transmission, telephone and internet) of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States, Canada, Japan or South Africa, and the Offer will not be capable of acceptance by any such use, means, instrumentality or facilities or from within the United States, Canada, Japan or South Africa.

Accordingly, copies of documents in relation to the Offer are not being, and must not be, mailed or otherwise forwarded, distributed or sent in or into or from the United States, Canada, Japan or South Africa and persons receiving documents in relation to the Offer (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send it into or from the United States, Canada, Japan or South Africa. Doing so may render invalid any purported acceptance.

The Offer Document and/or the Acceptance Form being made available for download on this website are for information purposes only and do not, and cannot be construed as an offer to persons resident in the United States, Canada, Japan or South Africa.

By downloading the Offer Document and/or the Acceptance Form, you hereby confirm that you are not located within the United States, Canada, Japan or South Africa and that you have read and accepted all the above.

 

Disclaimer:

This webpage has been prepared based on the Offer Document dated 21 February 2025 published by the Offeror. This webpage is for information purposes only. It is not intended to be and should not be construed as an offer or solicitation to acquire or dispose of any of the securities mentioned herein. Rizzo, Farrugia & Co. (Stockbrokers) Ltd accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this webpage.

This Advertisement has been issued by Rizzo, Farrugia & Co. (Stockbrokers) Limited which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange, and having its registered address at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.