Tigné Mall plc - Transfer of Shares

On 22 October 2024, Tigné Mall plc announced that it was informed that a total of 25,483,208 ordinary shares, representing just over 45.18% of the entire issued share capital of the Company were transferred to Marsamxett Properties Ltd as per conditions set out in the Offer Document of the Voluntary Public Takeover Offer.

In a letter to the Directors of Tigné Mall, Marsamxett Properties Ltd stated that its shareholding increased to just under 94.87% of the issued share capital of Tigné Mall. Accordingly, Marsamxett Properties  confirmed its intention to exercise its right to require all the remaining shareholders of Tigné Mall to sell and transfer to it the remaining shares, through a “Squeeze-out”, for a cash payment of €1.04 per share held in Tigné Mall plc being the consideration and being the fair price in terms of Capital Markets Rule 11.43.

Following the Squeeze-out, Marsamxett Properties  intends to apply for the de-listing of the ordinary shares of Tigné Mall.

Rizzo, Farrugia & Co. (Stockbrokers) Limited is acting as Manager, Registrar, Collecting & Paying Agent in connection with the Conditional Voluntary Public Takeover Offer.