PG plc - Change of use of Qormi Site

On 15 January 2025, PG plc announced that in relation to the land acquired in 2022 in the limits of Qormi, in close proximity to the PAVI Shopping Complex, the company’s subsidiary which purchased the site entered into a Deed of Modification with the Lands Authority, representing the Government of Malta, as a result of which it was agreed that the property’s permitted use be changed from industrial to commercial. This modification was made for the consideration of just under €4.80 million.