Hili Properties plc has approved a plan to discontinue the listing of its shares from the Official List of the Malta Stock Exchange, in a move that follows a wider effort by its parent group to take the company private.

In a company announcement, the Board of Directors said that during a meeting held on 16th March it resolved to proceed with the filing of a delisting application with the Malta Financial Services Authority.

The proposed delisting remains subject to shareholder approval. An extraordinary general meeting (EGM) has been convened for 15th April at 10am, during which shareholders will be asked to approve the discontinuation of listing and authorise the board to take all necessary steps to complete the process.

The notice convening the meeting, together with the full text of the resolution and an explanatory memorandum outlining the rationale behind the move, is in the process of being circulated to shareholders.

The move comes against the backdrop of a takeover bid launched by Hili Ventures Limited in 2025 aimed at acquiring full ownership of Hili Properties.

The group had already held a significant majority stake prior to the offer and sought to purchase the remaining publicly held shares through a conditional voluntary bid priced at €0.24 per share.

Hili Properties first went public in 2021 with shares priced at €0.27 each.

Since then, the company’s share price has underperformed, trending downward over the years. The last time shares came close to the €0.24 mark was in November 2024, and the last instance of trading above that price was in July 2023.

Following the offer, Hili Ventures increased its shareholding to over 87 per cent, strengthening its control of the company but falling short of the 90 per cent required to squeeze out the remaining shareholder.

In late January 2026, however, the company announced it had surpassed that critical threshold, clearing the way to Hili Properties’ delisting.

Hili Properties is involved in property management, development and repositioning, with assets across Malta, Romania, Latvia, Lithuania and other European countries.