Leading retail chain The Convenience Shop, which operates 62 outlets after just 10 years in operation, has raised €5 million through a fully subscribed bond operated by the Malta Stock Exchange.
The Unsecured Callable Bond, which forms part of Prospects MTF, was snapped by over 500 investors who will benefit from a five per cent return between 2026 and 2029.
The Convenience Group comprises a mix of fully-owned stores and franchisees operating a highly-successful formula which is present in numerous locations around Malta.
Convenience Group CEO Martin Agius said: “We would like the public for placing their trust in the Group.
“The Convenience Shop has come a long way since its humble beginnings as a single store in Zebbug a decade ago and we will be using this cash injection to finance our ambitious growth strategy.
“We intend to continue to expand our presence in Malta and Gozo and seek to launch further products and initiatives tailored for fast-paced modern lifestyles,” Mr Agius said.
Mr Agius and Benjamin Muscat, Chairman of The Convenience Shop (Holding) plc, rang the bell at the Malta Stock Exchange in the presence of shareholders and directors of the Group, marking the admission of the company bond to the Prospects MTF market.
Corporate social responsibility is also key to the Group’s philosophy: it recently launched The Convenience Shop for Puttinu Cares in Qormi that will donate profits from operations to the Puttinu Cares Foundation, which offers support to cancer patients and their families.
“Our business is not just about profits. We want to play an active role in the community,” Mr Agius said.