Issue link: https://maltatoday.uberflip.com/i/1523374
maltatoday | SUNDAY • 30 JUNE 2024 10 COMMERCIAL Rowing to victory: Frank Salt Real Estate supports Senglea Rowing Club FRANK Salt Real Estate is de- lighted to announce a new spon- sorship partnership with Senglea Rowing Club for the upcoming Youth Regatta in July 2024. The national regatta, deeply embedded in Maltese heritage, is the premier sporting event in Is- la, Birgu, and Bormla, surpassing even football in terms of support, passion, and participation. Frank Salt Real Estate is dedi- cated to supporting the success of young athletes, reflecting the core values that have driven the company's own success. Simon Marchett, Manager of Frank Salt Real Estate's Three Cities Branch, shared: "Together, we continue to champion the regatta and in- spire the next generation of row- ers. It is a privilege and honour to be involved in something so close to the heart of our beloved com- munity. Being a sponsor instils in us an immense sense of pride. Good luck to everyone!" This year's edition will see the participation of eight clubs: Senglea, Cospicua, Vittoriosa, Kalkara, Valletta, Marsa, B'Bugia, and Siggiewi. Each club operates a nursery program, nurturing young athletes with the hope of them progressing to Category A in the future. Throughout the year, three major regatta events take place—on 31 March, 8 Sep- tember, and the under-18s regat- ta in July. Keith Psaila, President of Seng- lea Regatta Club, concluded: "On behalf of the entire Senglea Rowing Club committee and our dedicated rowers, we extend our heartfelt gratitude to Frank Salt Real Estate. Sponsorships like this are vital for the sustainability of our clubs. Rowing instils disci- pline and a positive ethos from a young age, making a lasting im- pact on participants. The support from Frank Salt Real Estate not only helps us maintain our op- erations but also brings greater attention to the regatta, ensuring its future success." Nescafé champions community well-being with Spin-For-Life event supporting LifeCycle Malta Foundation IN an inspiring demonstration of community spirit and corporate so- cial responsibility, Nescafé, a proud brand under Nestlé Malta Ltd, has once again taken the lead in support- ing the LifeCycle Malta Foundation. This year, one of their key efforts was a spinning event, aptly named 'Spin- For-Life', held at the ChicPhysique studio in Hilltop Gardens, Naxxar. The event brought together Nestlé Malta staff and their families along with employees from The Concept Sta- dium, their creative marketing agency, for an afternoon of dynamic indoor cycling, camaraderie, and collective effort. Participants were encouraged to cycle as far as they could, with the combined distance contributing to the ongoing support of the LifeCycle Malta Foundation. The energy and en- thusiasm in the room were palpable, as each pedal stroke symbolized a step closer to supporting those in need. The Spin-For-Life event is a mod- est but significant part of Nescafé's broader sponsorship and support for the LifeCycle Malta Foundation. This initiative aims to raise awareness, en- courage participation, and generate additional funds for the foundation. The 2024 LifeCycle Challenge, titled "Journey of Good Hope", involves a grueling 2,000km mountain bike ride from Botswana to South Africa. This ten-day challenge, commencing on 25th October and concluding on 8th November, aims to raise both funds and awareness for individuals suffering from end-stage renal disease (ESRD). The LifeCycle Malta Foundation tirelessly works to support these ESRD patients, providing critical medical treatments, essential equipment, and facilitating life-saving organ trans- plants. Since its inception in 1999, the foundation has organized challenges in 53 different countries, raising nearly €4 million for the cause. Supporting the LifeCycle Mal- ta Foundation can be done through various convenient methods. Do- nations can be made via Revolut at 9932 9101, or through PayPal on the foundation's website. Additionally, SMS donations are accepted at €2.33 (5061 7370), €6.99 (5061 8920), and €11.65 (5061 9229). For larger contri- butions, phone donations can be made for €10 (5160 2020), €15 (5170 2005), and €25 (5180 2006). Bank transfers are also welcome using the Swift code VALLMTMT and IBAN MT 18 VALL 22013000000014814521017, with the Bank of Valletta account number 14814521017. For more information about the Li- feCycle Malta Foundation and how to get involved, one can visit: www.lifecy- clefoundation.com. Farsons Group holds its Annual General Meeting in wake of positive fiscal year SIMONDS Farsons Cisk plc held its An- nual General Meeting on 27th of June 2024, bringing together shareholders, board members, and executive manage- ment at the Trident Park Conference Hall. The Annual General Meeting convened following a year marked by solid growth in which Farsons Group registered a pre- tax profit of €16.1 million for the year ended January 31, 2024, marking a 4.9% increase from €15.3 million in the previ- ous year. The Group's turnover reached €132.9 million, an increase of 12.4 % from last year's figure of €118.2 million. The Chairman also emphasised the suc- cessful restoration and transformation of The Brewhouse into a multi-purpose leisure destination, marking a significant milestone in the Group's commitment to enhancing community and shareholder value through strategic investments. In reporting on the Group's diverse ac- tivities and their results, Mr Aquilina also highlighted the dedicated focus on envi- ronmental, social, and governance (ESG) principles and good corporate citizen- ship. This underscores Farsons Group's commitment to sustainable practices and ethical standards across all areas of operation. The shareholders approved the Board of Directors' proposal for a net dividend of €0.11 per ordinary share of €0.30, representing a final net dividend of €3,960,000, to be paid on 28th June 2024 to the shareholders of the Company reg- istered on its Register of Members as at close of trading on 5th June 2024. Together with the interim net dividend of €1,800,000 (€0.05 per ordinary share) that was approved at the Board Meeting held on 27th September 2023 and paid to shareholders on 18th October 2023, this will make for total dividends in respect of the financial year ended 31st January 2024 of €5,760,000 or €0.16 per ordinary share.