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BUSINESS TODAY 2 February 2023

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€1.50 THURSDAY 2 FEBRUARY 2023 • ISSUE 191 WWW.BUSINESSTODAY.COM.MT PAGE 5 PAGE 5 PAGE 3 Convenience Shop eyeing April initial public offering Maltese workers spend 51 minutes on email daily, highest in Europe 17% of family business do not have board of directors MATTHEW VELLA GROCERY store chain Convenience Shop Holding plc has announced it will be offering 7.7 million shares to the public at an offer of 97 cents per share. e offer prospectus, valid from 1 Feb- ruary to 10 March 2023, is available from authorised financial intermediaries and online. e Convenience Shop group traces its origins to 2009, when the first outlet was opened in Ħaż-Żebbuġ under e Convenience Shop brand. Since then, the group has established itself as Malta's largest network of grocery stores, with 83 outlets strategically spread across 48 localities in Malta and a head count of 750 employees. e group boasts of a selection of over 2,000 different brands from over 140 suppliers, with its increased presence in various localities making its stores an at- tractive shopping destination for house- hold goods. Footfall in 2022 exceeded 11.2 million, a 14% increase compared to 2021, with to- tal network revenue climbing from €59.7 million in 2020 to €63.3m in 2021, and now projected to reach €74m in 2022. STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 1 Feb 2023 Number of Trades: 76 Turnover: € 332,847.44 MSE TRX Index: 7,461.31 Change: 7,391.79 (-0.018%) Name: 3.75% TUM INV UNS MT0000231259 - Currency € Last Traded: 1 Feb 2023 Price 95.490 Change +4.490 US Dollar 1.0388 British Pound: 0.86477 Japanese Yen: 144.59 Australian Dollar: 1.5451 Swiss Franc: 0.98700 7,587.67 75.67 7,592.39 / 7,512.00 Value Net variation High / Low +1.01%

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