Issue link: https://maltatoday.uberflip.com/i/1432205
KARL AZZOPARDI NATIONALIST MPs have been instructed to de- flect questions on whether a future government will repeal the cannabis reform since the matter remains undecided, MaltaToday has learnt. After the conclusion of the Second Reading on the cannabis reform Bill on Monday, PN MPs were informed of the party's official line to take when asked whether the law will be repealed if elected to power. MPs have been instructed to say they will be focusing on amendments to the law at commit- tee stage.They were also told that a final party stand on whether the cannabis law would be kept or repealed by a PN government had yet to be taken. WWW.MALTATODAY.COM.MT WEDNESDAY EDITION €1.00 WEDNESDAY • 24 NOVEMBER 2021 • ISSUE 765 • PUBLISHED EVERY WEDNESDAY AND SUNDAY EDITORIAL • PAGE 11 ANALYSIS PAGES 8 & 9 PAGE 3 PAGE 3 PAGE 2 Hili Properties plc is a subsidiary of Hili Ventures Limited | Hili Properties, Nineteen Twenty Three, Valletta Road, Marsa, MRS 3000, Malta | T 00356 2568 1200 | E info@hiliproperties.com advertisement REPRESENTING A 7% DISCOUNT* ON THE €0.29 PER SHARE VALUE CASHGENERATING BUSINESS | WHOLLYOWNED, DIVERSIFIED PROPERTY PORTFOLIO | FOCUSED SOLELY ON INVESTMENT IN REAL ESTATE | 9YEAR SUCCESSFUL TRACK RECORD ACROSS EUROPE 185,185,185 New Ordinary Shares at an issue price of €0.27 per share ESTONIA | LATVIA | LITHUANIA | MALTA | ROMANIA 4% DIVIDEND PER ANNUM** hiliproperties.com For more information one should refer to the Prospectus dated 25 October 2021 ("Prospectus"), which may be downloaded from the Company's website www.hiliproperties.com. Copies of the Prospectus are also available, together with application forms, from Authorised Financial Intermediaries listed on the Company's website during o€ce hours. Applications for the Equity Issue may be made for a minimum of 4,000 shares and in multiples of 100 shares thereafter. The subscription period is between 4 November 2021 and 26 November 2021 (both days included) or earlier if fully subscribed. The shares are expected to be admitted to the O€cial List of the Malta Stock Exchange on 15 December 2021 and trading is expected to commence on 16 December 2021. *The net asset value of the Ordinary Shares of a nominal value of €0.20 as of 30 June 2021 is of €0.29. New Ordinary Shares issued at a price of €0.27 represent a reduction of €0.02 or a 7% discount on the net asset value as at 30 June 2021. The price of shares to be listed and traded on the MSE may fluctuate depending upon the liquidity of the market and not necessarily represent the Issuer's financial position. **A 4% total net dividend distribution as per the Issuer's Distribution Policy in the Prospectus is only an estimate and may not be a reliable indicator of dividend distributions based on the Company's future financial position and performance. Dividend payments may vary and are not guaranteed. This advert has been issued by Hili Properties p.l.c. ("Issuer"), a public limited liability company with registration number C 57954 and having its registered o€ce at Nineteen Twenty Three, Valletta Road, Marsa MRS 3000, Malta. A Prospectus has been issued by the Issuer for the oŸer of New Ordinary Shares and an application was made for the shares to be listed on the Malta Stock Exchange ("MSE"). The Malta Financial Services Authority ("MFSA") authorised the Prospectus and the shares as eligible to listing on the MSE pursuant to the Capital Markets Rules. The approval of the Prospectus by the MFSA should not be understood as an endorsement of the New Ordinary Shares oŸered and admitted to trading on the O€cial List of the MSE. The value of the investment can go down as well as up and past performance is not necessarily indicative of future performance. Investing in shares of the Issuer may result in a loss of some or all of the capital invested. Prospective investors should read the Prospectus prior to making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in Shares of the Issuer. Prospective investors are urged to consult their independent financial advisor as to the suitability of investing in Shares of the Issuer. This advert has been approved for issue by Calamatta Cuschieri Investment Services Limited ("CCIS") on behalf of the Issuer. CCIS acts as Sponsor to the issue. CCIS is licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap 386. CCIS, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta. PN gags its MPs on future action on cannabis reform Robert Abela only learnt of Steward €100m penalty agreement after it was signed An early Xmas? How Abela is lowering the heat Nationalist MPs are told to say that any final party stand on whether the cannabis law would be kept or repealed by a PN government has yet to be taken LUKE VELLA GOVERNMENT has held pro- tracted discussions with the American company over its re- quest for more money to honour its obligations in the hospitals concession agreement. Asked yesterday whether former minister Konrad Mizzi had signed the side letter with Steward in the summer of 2019 behind govern- ment's back, Abela said he only learnt about it after it was signed. 'I came across a lower leg, detached on the ground' Matthew Caruana Galizia Matthew Caruana Galizia testifies in the compilation of evidence of brothers Adrian and Robert Agius, and their associates Jamie Vella and George Degiorgio