Company Announcements
Company Announcements
Detailed Company Announcements between 2019-to current day. Each document is accessible to view and available as a download in PDF format.
FES61
30 August 2023
During the Meeting of the Board of Directors held on Wednesday 30 June, the Interim Financial Statements for year ending June 2023 were approved.
FES62
30 August 2023
Update to FES58 and FES59 in which the Extension of the Agreement of Promise of Sale with GOLCO Ltd was extended until 30 November 2023.
FES63
18 October 2023
From 18 October 2023, Mr Gabriele Bottacci has been appointed as Non-Executive Director of the Company and a member of the audit committee.
FES58
29 July 2023
The Company hereby announces the Extension of Promise of Sale Agreement until 30 August 2023, under the same terms and conditions.
FES59
31 July 2023
Errata Corrige to Announcement FES58 in which the extension announcement of Promise of Sale Agreement should read until 25 July 2023. and not 30 August 2023.
FES60
24 August 2023
The Board of Directors is scheduled to meet on 30 August to discuss and if appropriate to approve the Company’s Interim Financial Statements for 2023.
FES55
30 June 2023
Company Accouncement of the resignation of Independent Non-Executive Director David Woodward with effect from 30 June 2022.
FES56
3 July 2023
Errata Corrige FES55 in which the Company Announcement of the resignation of Independent Non-Executive Director David Woodward is with effect from 30 June 2023.
FES57
4 July 2023
Update to FES50, wherein the Agreement of Promise of Sale entered into with GOLCO Ltd (“the Vendor”) is extended from 30 June 2023 until 14 July 2023.
FES52
14 April 2023
Board Approval of Financial Statements for the financial year ending 31 December 2022, to be submitted for approval of shareholders at the forthcoming AGM.
FES53
28 April 2023
FInancial Sustainability Forecasts. for FES Group. The Company is expected to generate €2.5 million for the year ending 31 December 2023.
FES54
28 April 2023
The AGM was held on 28 April 2023 during which the Board of Directors of the Guarantors approved the Annual Report and Financial Statements amongst other matters.
FES49
9 September 2022
Reference is made to Announcement FES26, with update to Extension of Promise of Sale with GOLCO Limited, to 30 March 2023.
FES50
30 March 2023
Update to Announcement FES29, announcing the further agreement of Extension of the Promise of Sale up until 30 June 2023.
FES51
10 April 2023
Company Announcement of the forthcoming Board Meeting scheduled on 14 April to approve Financial Statement for the year ended 31 December 2022.
FES46
28 April 2022
The Board of Directors and the Guarantor approved the Annual Report and Financial Statements for the financial year ended 31 December 2021.
FES47
18 August 2022
Company Announcement regarding Board meeting on 29 August 2023 to approve Interim Financial Statements for the half year ending 30 June 2023.
FES48
30 August 2022
Company announcement from Board Meeting on on 29 August 2023 announcing Approval of Interim Financial Statements for the half year ending 30 June 2023.
FES45
28 April 2022
Forecast Financial Statements for year 2022. The Group is expected to generate revenue of €9.1 million for the year ending 31 December 2022.
FES44
13 April 2022
Board Meeting results and AGM - the Annual General Meeting of the Company and the Guarantor will be held on 28 April 2022 at the registered office of the Company.
FES43
8 April 2022
Board Meeting to meet on 13 April 2022 to consider and approve Company's audited Annual Financial Statements for the financial year ended 31 December 2021.
FES42
5 January 2022
Clarification referring to Company Announcement FES41 that the audit committee will be chaired by Alex Tanti, given that he is an independent, non-executive Director.
FES41
28 December 2021
FES Market Update - Euro Guesthouse, combined with the disruptions brought about by the pandemic, the Board of Directors decided to close temporarily the Hotel.
FES40
28 December 2021
With effect from 31 December 2021, Mr Paul Bugeja resigned from his post of Independent, Non-Executive director and is replaced by Mr. David Woodward.
FES39
22 September 2021
An Errate Corrige, amended paragraph, regarding the Malta Financial Services Authority Listing Rules on previously issued Company Announcements FES37 and FES38
FES38
16 September 2021
Regarding the appointment of Non-Executive Director Alex Tanti who will be acting as an independent non-executive Director.
FES37
15 September 2021
Regarding the resignation of Dr Edward Woods on 14 September 2021. The position is to be filled by Alex Tanti frpm the 14 September 2021.
FES36
31 August 2021
Meeting of Board of Directors to discuss the Company’s to approve the Interim Financial Statements for the six month financial period ended 30th June 2021.
FES35
23 August 2021
The Board Meeting of Directors scheduled for 31 August 2021 to approve the Compny’s Interim financial statements for the half year ending 30 June 2021.
FES34
2 June 2021
With reference made to FES07, after due deliberation, the Board of Directors resolved not to pursue the development of the St Julian’s Hotel.
FES33
2 June 2021
Regarding FES Operations Ltd who are now operated by FES Operations whilst the management role of Polymath and Boffin ceases but will still perform administrative functions
FES32
27 April 2021
Regarding the publication and dissemination of Financial Sustainability Forecasts including management assumptions thereon ('FSFs').
FES31
26 April 2021
AGM regarding approval of the Financial Statements for the year ended 31 December 2020, amongst which Howarth Crow are reappointed as Company Auditors.
FES30
15 April 2021
With reference to the Company Announcement of Monday 12 April announcing the Board of Directors approval of the Company’s Audited Financial Statements of 31.12.20.
FES29
12 April 2020
The AGM meeting of the Company and the Guarantor scheduled to meet on the 26 April 2021 to discuss various items as listed.
FES28
12 April 2021
The Board of Directors meeting on 12 April 2021 considered and approved the Company’s audited and consolidated Financial Statements for year ended 31 December 2021.
FES27
31 March 2021
Board of Directors scheduled to meet on Monday 12th April to approve the COmpany’s Audited Financial Statements for year ended 31 December 2020.
FES26
12 February 2021
Regarding FES25, and on 9th Feburary, a deposit of €560,000 was paid by FES Projects to GOLCO Ltd, extending promise of sale agreement to 31 December 2022.
FES25
8 January 2021
Regarding Vendors (GOLCO Ltd) and FES Projects Ltd have entered into a new agreement, to extend the promise of sale agreement on said property to 31 January 2021.
FES24
24 November 2020
Reference is made to the Escrow Agency arrangement referred to in the Company Admission Document issued by the Company on 6 March 2019.
FES23
19 October 2020
The Company informed its bondholders on the measures being taken by the Company relating to COVID-19, and has set up Contractors Only Ltd (C 96424) on 7 September 2020.
FES22
18 August 2020
Announces the approval by the Board of Directors of the Company's interim financial statements for the six-month financial period ended 30th June 2020.
FES21
10 August 2020
The Board of Directors of the Company scheduled to meet 18 August 2020 to approve the Company's interim financial statements for the half year ending 30 June 2020.
FES20
25 June 2020
At the AGM the Company approved the FInancial Statements for the year ended 31 December 2019 amongst other matters.
FES19
17 June 2020
Errata Corrige of FES18 published on 17 June 2020 approving the Company's Audited Financial Statements for the financial year ended 31.12.2019, now with Auditor's signature.
FES18
17 June 2020
The Board of Directors of the Company approved the Company's Audited Financial Statements for the financial year ended 31 December 2019 amongst other matters.
FES17
14 June 2020
The Board of Directors of the Company to meet on Tuesday 16 June 2020 to approve the Company's Audited financial Statements for the financial year ended 31 December 2019.
FES16
07 April 2020
Regarding FES 14, the Company informed its bondholders on the temporary closure of the Gzira boutique hotel, due to the negative impact of COVID-19 on occupancy levels.
FES15
28 March 2020
FES hereby announces that the Vendor (GLOCO Ltd) and FES Projects have entered into an agreement to extend the promise of sale agreement to 31 December 2020.
FES14
28 March 2014
Update to announcement FES 12 where the Company informed its bondholders on the measures being taken by the Company relating to COVID-19.
FES13
28 March 2020
The Company and FES Projects Limited shall avail themselves from the extensions granted by the Malta Stock Exchange to submit their 2019 Audited Financial Statements.
FES12
18 March 2020
Regarding developing events relating to COVID-19 on a national level and worldwide; the Company and the Guarantor have been monitoring developments closely.
FES11
20 December 2019
Regarding the publication and dissemination via an announcement of Financial Sustainability Forecasts including management assumptions thereon ('FSFs').
FES10
21 November 2019
Regarding a Bondholders' Meeting on 20 November 2019 where the resolutions were unanimously approved by the Bondholders present in person or by proxy.
FES09
21 November 2019
Regarding a Planning Appeals Board decision on the St. Julians' boutique hotel. The Environment and Planning Review Tribunal has delivered its decision.
FES08
18 November 2019
Regarding Appointment of Auditors Crowe Horwath of Birkirkara, Malta to be appointed as auditors of the Company until 2019 accounts are laid.
FES07
Supplement to CA issued 05 November 2019
The appendices mentioned in the Company Announcement issued on the 5th November 2019 were inadvertently not included - these are now attached.
FES06
05 November 2019
Bondholders' Meeting is to be called at 18:00 hours on 20 November 2019 at the AX The Victoria Hotel, Garg Borg Olivier Street, Sliema, SLM 1807. The agenda is attached.
FES05
15 October 2019
Promise of Sale Agreement regarding the sale and transfer to FES Projects by the Vendor the house tale quale with the external official No. 10 "ANTVIRG" in Ponsomby Street, Gzira.
FES04
28 August 2019
Approval and Publication of Interim Financial Statements during the meeting of its Board of Directors held on Wednesday 28th August 2019.
FES03
22 August 2019
The Board of Directors scheduled to meet on the 28 August 2019 to approve the Company's interim financial statements for the half year ending 30 June 2019.
FES02
14 June 2019
The preliminary agreement of the Company Admission Document dated 6.3.2019 between FES Projects Ltd and a third party was extended until 11.6.2019.
FES01
05 April 2019
Regarding the offer of €5,000,000, 5% Secured Bonds 2029 guaranteed by FES Projects Limited, issued in terms of a Company Admission Document dated the 6th March 2019.