€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%
