Plaza shareholders approve smaller board and share buyback

The MSE Equity Price Index rose by 0.25% to 3,996.9 points as the gains in Plaza, BMIT and LifeStar Insurance, outweighed the declines in MaltaPost, AX Real Estate, and BOV. Meanwhile, seven equities closed unchanged as today’s total trading activity amounted to around €80,000. Download today’s Equity Market Summary.

Plaza Centres plc gained 1.8% to the €0.86 level across four trades amounting to 20,600 shares. Today, Plaza held an Extraordinary General Meeting, which approved both resolutions on the agenda. The first resolution proposed that article 6 of the memorandum of association of the Company be abrogated and substituted by the following: “The Board of Directors of the Company shall consist of five (5) members if three (3) or fewer directors have been appointed by one or more shareholders exercising their right pursuant to Article 55.1(a) of the Articles of Association of the Company, and shall consist of seven (7) members if four (4) or more directors have been thus appointed.” The second resolution was related to the authorisation of a share buyback for a period of 18 months up to an amount of 2.4 million shares at a minimum price of €0.75 per share and a maximum price of €0.95 per share. The shares repurchased shall be cancelled.

BMIT Technologies plc rose by 1.5% to the €0.264 level on eight trades totalling 102,300 shares.

LifeStar Insurance plc advanced to the €0.65 level on six trades totalling 18,249 shares.

On the other hand, MaltaPost plc fell by 1.8% to the €0.432 level across three trades amounting to 27,610 shares.

AX Real Estate plc eased by 1.6% to the €0.49 level on a single deal of 3,996 shares.

Bank of Valletta plc fell by 1.0% to the €2.02 level across two trades totalling 1,096 shares.

Meanwhile, APS Bank plc closed unchanged at the €0.55 level across four trades totalling 500 shares.

Also in the banking sector, HSBC Bank Malta plc held steady at the €1.45 level on two trades amounting to 500 shares.

GO plc retained the €2.48 level on two trades amounting to 1,916 shares.

Hili Properties plc traded flat at the €0.27 level across six trades totalling 50,400 shares.

Malta International Airport plc closed unchanged at the €6.20 level on muted activity. On Tuesday, MIA announced that passenger movements during April 2026 amounted to 1.02 million, which is 13.7% higher than the comparable figure of 896,750 registered last year. This was the first time that passenger movements surpassed the one million level in the month of April. The seat load factor for April 2026 dipped by 2.5 percentage points to 83.5% driven by a 17% increase in seat capacity. The total passenger movements during the first four months of 2026 amounted to 3.09 million which is 14.8% higher than the 2.69 million movements in the corresponding period last year.

M&Z plc held the €0.60 level on a single deal of 4,000 shares.

Santumas Shareholdings plc closed unchanged at €1.10 on a single trade of 740 shares.

The RF MGS Index increased by 0.1% to 890.836 points as sovereign bond yields edged lower despite lingering inflationary pressures. Data released today showed that in the US retail sales rose 0.5% month-on-month in April, in line with forecasts and following a downwardly revised 1.6% gain in March. The increase was largely driven by gasoline stations by a continued rises in fuel prices linked to the Iran conflict. Core retail sales also rose 0.5%, above the 0.4% forecast, suggesting resilient underlying consumer demand. Meanwhile, initial jobless claims rose by 12,000 to 211,000 in the first week of May, above the 205,000 expectation, while continuing claims edged up by 24,000 to 1,782,000, slightly below forecasts.

This report contains only public information and is not to be construed as investment advice or an offer to buy or sell securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited 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.