In accordance with a Malta Stock Exchange announcement providing information to the market, Hudson Malta plc has announced a change to its Ultimate Beneficial Ownership.

With effect from 18th December 2020, Avalon Investments Limited transferred the 4,546 Ordinary D shares, fully paid up and having a nominal value of €2.329373, it held in Hudson Holdings Limited to Swoosh Limited, a company 80 per cent owned by Avalon Investments Limited and 20 per cent by Delf Limited.

Said 4,546 Ordinary D shares represent circa 12.4 per cent of the issued paid-up share capital of Hudson Holdings Limited.

On 22nd December 2020, Swoosh Limited issued and allotted 6,000 new Ordinary B shares to Delf Limited, as a result of which Swoosh Limited is 20 per cent owned by the aforementioned Avalon Investments Limited and 80 per cent by Delf Limited.

This issue and allotment resulted in a change in the ultimate beneficial ownership of Hudson Holdings Limited, in view of the fact that Delf Limited is owned in equal proportions by David Basile, Francis Basile, Edward Basile and Luisa De Piro O’Connell.

Hudson Group is an international retailer and distributor primarily involved in the sport and fashion wear sectors. The Group’s head office is located in Malta but is also present through offices in Italy, Spain, Morocco, Tunisia and Algeria. Though Hudson Holdings was founded in 2006, the Group’s roots reach as far back as 1987 when the first pair of NIKE was sold in Malta.