The Convenience Shop (Holding) p.l.c. has recently announced that the Malta Financial Services Authority has authorised its listing on the Official List of the Malta Stock Exchange of 7.7 million shares – at an offer price of €0.97 per share.
The offer period is valid from 1st February until the 10th March.
A copy of the prospectus relating to the offer can be downloaded from their website or obtained from Authorised Financial Intermediaries listed in the prospectus.
The Convenience Shop Group, which opened back in 2009, had its first outlet in Żebbuġ, before going on to open 82 more outlets across 48 localities in Malta and Gozo.
It currently employs around 750 people.
In addition to its store network strategy, the company said it is “seeking to improve its product offering and customer experience. The group has developed a strong relationship with its over 140 suppliers and presently offers a selection of more than 2,000 different brands”.
In 2022, their store footfall was estimated to exceed 11.2 million, with projections showing a total store network revenue of €74 million for 2022.
What do you make of this Maltese store going public?