Company Information
Strategic Objectives
Hotel San Antonio plc (referred to as the Company) has been established since 1966 and operates in the hotel and hospitality sector. The Company is the owner of San Antonio Hotel & Spa situated at Triq it-Turisti, being its registered office. The Company's objective is to maintain the San Antonio Hotel & Spa as a market leader in its class.
Company Structure
The authorised share capital of the Company is Euro 5,823,432.50.
The issued share capital of the Company is Euro 5,470,206.37 divided into 2,048,360 Ordinary Shares of a nominal value of Euro 2.329373 each and 300,000 6.75% non-voting, cumulative redeemable Preference Shares of a nominal value of Euro 2.329373 each, the nominal value of each share being fully paid up.
Corporate Governance
The Board of Directors consists of the following members:
- Silvio Debono (Chairman)
- Anthony Zahra
- Lawrence Buttigieg
- Arthur Gauci
- Prof. Edward Scicluna
The Audit Committee is made up of the following individuals:
- Prof. Edward Scicluna (Chairman & Indipendent Non-Executive)
- Lawrence Buttigieg (Non-Executive Director)
- Arthur Gauci (Non-Executive Director)
Prof. Edward Scicluna is a graduate from the University of Oxford with a Diploma with distinction in Politics and Economics from the University of Malta with a First Class Honours BA degree in Economics, and the University of Toronto with a Masters and Doctorate in Economics. He served on the Auditing Committee of the Central Bank of Malta and on the Council of Europe Development Bank (Paris) for three years in each bank.
Both Mr Lawrence Buttigieg and Mr Arthur Gauci are qualified accountants.
Thus the Audit Committee will satisfy the requirements of Listing Rule 8.56.
Mr Pierre Mangani, the Board Secretary, has been appointed as Secretary to the Audit Committee.
Deloitte of Deloitte Place, Mriehel By-pass, Mriehel were appointed as External Auditors in the Annual General Meeting of the Company.
Company Notifications and Publications
Financial Statements
Borrowing from the Financial Market
In May 2002, the Company issued Euro 5,823,925 worth of bonds at 7.5% interest per annum, with a maturity date for redemption 30th May 2012.
In June 2010, the Company has obtained full financing from its banks to cover the redemption of the 7.5% bonds.
In January 2011, the Company repurchased Euro 682,127 worth of bonds from its bondholders for cancellation. New amount of bonds outstanding is Euro 5,141,798.
Investors Help-Line
Pierre Mangani ACCA
Company Secretary
Tel: (+356) 2350 3611
Fax: (+356) 2350 3919
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