Hili Properties plc has announced that it is extending the issue period of its IPO until 3rd December 2021.

In an announcement posted to the Malta Stock Exchange (MSE), Hili Properties stated that the postponement of its offer of 185,185,185 ordinary shares of a nominal value of €0.20 each (with a share premium of €0.07 per share), would push back its expected timetable for the IPO.

With a new closing of issue period set at 3rd December, the expected announcement of acceptance is now 14th December. The dispatch of allocation advice and refunds of any unallocated money, as well as the expected admission of the shares to the MSE, is due on 21st December.

Finally, commencement of trading of the company’s new ordinary shares shall begin on 22nd December.

Hili Properties ended its statement by expressing thanks to the investing public, including its preferred applicants, for their support of its IPO, through which it aims to raise around €50 million.

The company owns and manages strategic commercial real estate for lease in the Baltics (Estonia, Latvia and Lithuania), as well as Malta and Romania, with a total value of more than €115 million.