Issue link: https://maltatoday.uberflip.com/i/1272062
23.07.2020 NEWS SHORELINE Mall p.l.c. has successful- ly closed the Offer period for its Bond Issue well ahead of its closing date. e bonds were fully subscribed within five days from the opening of the offer and the company expects that the bonds will be listed by end of July 2020. Ben Muscat, the Company's chair- man, said that, considering the adverse current market conditions created by the pandemic, the board of directors regarded the full subscription to the bonds in less than a week from the of- fer's opening as an emphatic vote of confidence by investors in the Shoreline Mall Project. "Our landmark development is creat- ing a positive momentum for both com- mercial and residential investment in the South of Malta and in the process, will improve the quality of life in this lo- cation not least by creating significant employment opportunities," he said. e Shoreline Mall is designed to be the most modern and innovative mall on the island, creating a unique and sophisticated destination within Smart- City Malta. e company has, to date, concluded a large number of Letters of Intent and Expressions of Interest with representatives of major retail brands already present in Malta, as well as with representatives of a number of interna- tional fashion brands not presently in Malta. e Mall's brand and retail mix is con- tinually reviewed by Shoreline Manage- ment and its retail consultants with a view of delivering a unique retail offer. No significant retail shopping malls currently exist in the South. is is the primary target market of the Mall, given that it will be within a 15-minute drive from the most densely populated part of the Maltese Islands. e Shoreline Mall will be offering a safe, unpolluted and child-friendly shopping experience like no other, sup- ported by a spacious, secure and intel- ligent parking facility for ease of access and maximum convenience. 4% and 4.5% €40,000,000 Bonds issued by Shoreline Mall p.l.c. fully subscribed Major brands and operators are expressing firm interest in the Shoreline Mall at SmartCity in Kalkara AS Steward Health Care Malta contin- ues to monitor the national and global COVID-19 developments, the health care company has increased the num- ber of ventilators in the Gozo General Hospital from the previous 15 to an un- precedented 25 units. Steward Malta has sourced its high- end ventilators from General Electric and Philips thanks to the supply chain resources that its US mother company and its international health system can access. Such ventilators are part of a Eur6 million investment programme that Steward embarked on in 2020 to face the COVID-19 pandemic success- fully. Dr Nadine Delicata, Executive Direc- tor and President of Steward Health Care Malta said that while restrictions in the community are being lifted, Stew- ard's hospitals, in line with guidance from the health authorities, need to continue in their efforts to be prepared for a potential increase in coronavirus cases in the coming months. "Our vigilance needs to remain high, as we gradually resume normal hospital activities while ensuring we continue to screen and treat all patients for COV- ID-19 in a safe manner, in the interests of both staff and patients," said Dr Del- icata. As part of a large international health care system, with more than 7,000 beds under Steward management world- wide, Steward Malta has access to best practice support on crisis management, treatment strategies, isolation and con- tainment techniques, and optimal use of PPEs. Direct COVID-19 related expenses in- curred by Steward Malta included addi- tional labour, supplies such as Personal Protective Equipment, and investment in infrastructure and plant to safeguard patients. Critical purchases includ- ed specialised equipment such as the aforementioned ventilators, monitors and oxygen concentrators, two special- ised dialysis machines as well as the in- stallation of a liquid oxygen reservoir at the Gozo Hospital. Moreover, Steward Malta invest- ed in the modifications of its facilities in Gozo and Malta to accommodate changes in patient demand and work- flow as a result of COVID-19. is in- cluded the re-purposing of three wards in Karin Grech Hospital. A new addi- tional 28-bed ward was completed with negative pressure and a minimum of 12 air changes per hour for care of COV- ID-19 positive patients. In terms of the Gozo General Hospi- tal, Steward provided for 145 beds for COVID-19 care, out of which 25 were intensive care beds, as well as a dedicat- ed COVID-19 Emergency Department. All these areas were fitted with negative pressure systems to ensure safety of both patients and staff. Steward Health Care Malta now has 25 ventilators in Gozo General Hospital The suite of ventilators purchased by Steward Health Care Malta as part of its ongoing investments in the hospitals in Gozo and Malta