HomeBlogHili Properties Company plc announces Initial Public Offering

Hili Properties plc (the “Company”) has announced the issue of 185,185,185 shares, each having an issue price of €0.27 per share. With the aim of raising approximately €50 million, the Company will, according to its dividend policy included in the Prospectus, aim to distribute a projected total net dividend of 4%.

The share price of €0.27 marks a 7%* discount from the net asset value per share of the Company of €0.29 as at the 30th of June 2021.

A copy of the Prospectus can be found here.

Business Overview

Owning and managing a number of commercial real estate for lease in several of Europe’s most thriving cities and up-and-coming locations, including Malta, Estonia, Latvia, Lithuania and Romania, Hili Properties’ portfolio consist of business blocks and office space, grocery-anchored shopping centres, healthcare facilities, as well as property that houses the well-known McDonald’s restaurants.

Operating a low-risk business model that avoids property development and instead focuses on investment, Hili Properties’ strategy centres on providing attractive, risk-adjusted total returns to shareholders that originate from stable yield, supported by its current portfolio’s long-term contracted cash flows and income growth.

The group made €5.2 million in registered profits before tax during 2020 and had a portfolio size of €115.6 million as of the end of August 2021.

Currently, Hili Properties is in advanced discussions to acquire a commercial property in Poland and an industrial property in Lithuania, which together will have a combined value in excess of €38 million.

The company is expected to generate a strong cash flow over the coming years, with long-term lease contracts in place.

How to Apply

Orders will be accepted from the 26th of October 2021. Kindly follow the instructions below.

  • Select one of these instruments:

Hili Properties Plc IPO – Preferred
Hili Properties Plc IPO – Employees
Hili Properties Plc IPO – General

  • Click on the Buy button on the window located at the bottom of your screen.
  • Next, a New Order page will appear where you’ll find details of your order, as well as the trade value. Select the number of shares you would like to invest in.
  • All you need to do is simply hit the Place Order button at the very bottom and you’re all set.

All orders must be submitted by not later than the 26th of November @ 12:00hrs (Closing date).

The minimum number of Shares that can be subscribed for by applicants is of 4,000 shares and in multiples of 100 shares thereafter. In case of applications made under nominee, such minimum and multiples shall also apply for each individual underlying customer.

The offer may close at an earlier date without prior notice as a result of over-subscription.

Non-nominee applications will be subject to a €25 fee.

A copy of the Prospectus can be found here.


*The estimated 4% total net dividend distribution as per the Issuer’s Distribution Policy is only an estimated amount based on financial forecasts, and may not be a reliable indicator of dividend distributions based on the future financial position and performance of the Company. Dividend payments may vary and are not guaranteed.

**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.

As at date of issuance, Hili Ventures holds 99.99% of the issued share capital. 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 that is a 7% discount on the net asset value of the Company as at 30 June 2021. The Issuer applied for Admissibility of Listing of Shares on the MSE and the price of shares will be subject to fluctuations and market movements not necessarily caused by the Company’s financial position.

The value of the investment can 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.

CCTrader is brought to you by Calamatta Cuschieri Investment Services Ltd which is licensed by the MFSA under the Investment Services Act. Aimed at investors having the knowledge and experience to undertake non-advisory investments subject to appropriateness testing or execution only investments. Clients undertaking non-advisory investments benefit from a limited level of protection under the conduct of business rules.

Clients undertaking execution only investments do not benefit from the corresponding protection of the conduct of business rules. The value of investments may go down as well as up and investors may not get back the amount initially invested. Past performance is not a reliable guide to future performance. Investments should be made on the basis of the Prospectus, including the Risk factors contained therein.

This communication has been approved for issue by Calamatta Cuschieri Investment Services Limited, which 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.

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