Issue link: https://maltatoday.uberflip.com/i/1422707
3 NEWS 28.10.2021 M.V. Marie de Lourdes (Registration Number 14243) In accordance Court Decree of 25 August 2021, The administrator of World Water Fisheries Limited with registration Number C 24129 Notifies that Persons/Entities having any claims of whatever nature Including but not limited to share of ownership, title or any other interest in &/or against the above-mentioned Marine vessel; are kindly requested to submit their claim supported with the relevant documentation by registered mail with confirmation by 31 October 2021 to the following address. The Administrator, World Water Fisheries Limited 113, Paola Road, Tarxien TXN 1807 The Administrator reserves the right not to consider claims which are not submitted as stated above. FROM PAGE 1 e company is also currently nego- tiating the price for the acquisition of additional commercial assets. e acquisitions will be fully funded through a mix of readily-available own funds and financing from bank and par- ent company. Hili Properties already owns and man- ages strategic commercial real estate for lease in Malta and several other Euro- pean countries, including Estonia, Lat- via, Lithuania, and Romania. Its portfolio comprises dedicat- ed business blocks and office space, grocery-anchored shopping centres, healthcare facilities, and property hous- ing McDonald's restaurants in key com- mercial districts. e current portfolio value exceeds €115 million. Hili Ventures currently holds 299,999,990 shares of a nominal value of €0.20 each in Hili Properties. repre- senting 99.99% of the issued share cap- ital. On the basis that the issue is fully tak- en up, following completion of the Is- sue, Hili Ventures will hold 62% of the issued share capital. e net asset value per ordinary share of Hili Properties as of the 30 June 2021 - the date of the latest balance sheet be- fore the IPO - is €1.52. e adjusted net asset value per or- dinary share - which also factors in the issue and allotment of 18,408,000 ordi- nary shares of one €1 and the redenom- ination of the issued share capital from 60 million ordinary shares of a nominal value of €1 each to 300 million ordinary shares of a nominal value of €0.20 - is of €0.29. New property acquisitions e commercial property Hili Proper- ties is seeking to acquire in Warsaw is located in a strategic location, on one of the city's main exit arteries having close vicinity to residential areas and great access both by car and public transpor- tation. Hili Properties says this newly-con- structed property boasts of an approx- imate 7% yield, long lease duration of nine years and additional extension op- tions. e industrial property earmarked for acquisition in Lithuania has excellent access to key cargo routes and is under a 20-year lease agreement with a single tenant occupying 100% of the facilities. Trading e group expects to generate a strong solid cash flow over the forthcoming years. Hili Properties believes that hav- ing long-term lease contracts in place will allow it to adopt a generous divi- dend distribution policy. Based on the offering price of €0.27, Hili Properties is set to distribute a 4% net dividend. e Issue Period will open on 4 No- vember and run until 26 November. e company expects to file an admis- sion of the shares on the Malta Stock Exchange on 15 December 2021. Trading of the New Ordinary Shares is expected to commence on 16 Decem- ber 2021. Hili Properties key facts €5.2 million Registered profits before tax for the year ended 31 December 2020 €115.6 million Portfolio size as at the end of August, 2021 €62.7 million Total equity as at 31 December 2020 75,466 m 2 Total rentable area 99% Total occupancy 8.8 years Weighted average lease term Authorised and issued share capital (pre IPO) 600,000,000 authorised and 300,000,000 issued shares • Ordinary shares with a nominal value of €0.20 each 99.9% owned by Hili Ventures Ltd New share offer 185,185,185 issued shares • Ordinary shares with an offer of €0.27 each (share premium of €0.07 per share) equivalent to a valuation of €50 million Authorised and issued share capital (post IPO) 600,000,000 authorised and 485,185,185 issued shares • Ordinary shares with a nominal value of €0.20 each AX Group has announced that one of its subsidiaries - AX Real Estate Lim- ited - is in the process of being con- verted into a public limited liability company ("AXRE"), and that it intends to submit an application to the Malta Financial Services Authority, for au- thorisation for admissibility to listing on the Official List of the Malta Stock Exchange. 33,333,333 ordinary 'A' shares of a nominal value of €0.125 per share will be offered for sale to the public, subject to an over-allotment option which, if exercised, would increase the offer to up to an aggregate of 50,000,000 ordinary 'A' shares of a nominal value of €0.125 per share. €40,000,000 in 3.5% unsecured bonds of a nominal value of €100 per bond will be issued at par by AXRE, redeemable in 2031. Trading in new Hili Properties ordinary shares to start on 16 December REVENUE & EBITDA 36 €'000 € - € 2,000 € 4,000 € 6,000 € 8,000 € 10,000 € 12,000 € 14,000 2018 2019 2020 2021 2022 2023 2024 Revenue EBITDA Revenue CAGR: 7.9% EBITDA CAGR: 9.6% Hili Properties Revenue and EBITDA AX Real Estate Limited planning IPO and €40 million bond issue