Pricing
AXR 0.482 --
AX32A 95.930 --
AX24A 100.200 --
AX29A 97.500 --
AX26A 98.000 --
Newsletter for Investors providing information on ongoing main capital projects and business performance.
Applicable to Investors AX Group P.L.C,
AX Real Estate P.L.C. and AX Investments P.L.C
Listed Instruments
AX26A
2026 | 3.25%
AX29A
2026 | 3.75%
€98.00*
€97.50*
*As at 30/03/2023 06:42am
from Malta Stock Exchange.
*As at 30/03/2023 06:42am
from Malta Stock Exchange.
Listed Instruments
AX32A
3.5% AXR 2032
AXR
ORD A SHARES
€95.93*
€0.48*
*As at 30/03/2023 06:42am
from Malta Stock Exchange.
*As at 30/03/2023 06:42am
from Malta Stock Exchange.
Listed Instruments
Investors Loyalty Scheme
Investors are entitled to a loyalty card which offers a number of discounts and benefits across the AX Group hotels and restaurants.
Newsletter
Investment News
AX Group Publishes 2022 Annual Report
AX Group is pleased to announce the publication of its 2022 Annual Report. As a group with diversified operations across development, construction, real estate, healthcare, hospitality, and renewable energy sectors, we are proud to highlight the significant strides we have made in these industries over the past year. After two years of operations heavily impacted by the pandemic, 2022 marked a resolute return to business as usual for AX Group. We remained dedicated to our mission of driving growth and delivering superior returns to our stakeholders. We have been able to shape the future of the Group, leveraging our expertise and experience to evolve and grow from strength to strength. This year's report takes on a special theme, celebrating the performance of our diverse stable of well-established brands, which we have consolidated and strengthened over the past few years. By aligning our brands with our core values and strategic vision, we have ensured that they remain dynamic to meet the ever-changing demands of today's clients. In this light, we are pleased to present a brand book within the Annual Report publication, which showcases a series of core brand communication messages. In addition, the AX Group Annual Report 2022 dedicated microsite provides users with an abridged version of the AX Group 2022 performance and includes other audio-visual material and financial infographics. Visit: https://2022annualreport.axgroup.mt
Read MoreAX Group Joins Forces with Reputable Businesses to Form the Malta ESG Alliance
AX Group is joining forces with other Maltese reputable business leaders so as to collaborate in the Malta ESG Alliance with the first aim being that of putting forward a climate change initiative AX Group is one of thirteen reputable business organisations which have come together to announce the launch of a new alliance called Malta ESG Alliance (MESGA) – a private sector initiative to tackle local environmental, social and governance priorities. Denise Xuereb, Director of AX Construction and AX Development at AX group & CEO of AX Real Estate, was present for the joint press conference held today 20th July featuring all the Founding Members’ CEOs and top representatives. The Alliance members are being supported by Perit David Xuereb and consultancy firm EY Malta. The Founding Members aim to attract other committed members from all economic sectors to join such an Alliance, by acting as credible leaders and acting on sustainable matters first-hand. The Malta ESG Alliance explained how the first ESG theme chosen for company projects was that of climate change and decarbonisation. Along with the other decarbonisation projects of the other Alliance members, the private sector is taking steps to contribute to a more sustainable and less carbon-intensive future Malta. At AX Group we are conscious of our ecological responsibilities and we strive to minimise our negative environmental externalities as much as possible. We do this both in terms of the developments we build as well as through our own internal practices. We are constantly on the look-out for opportunities to improve on energy efficiency, reduce waste, carbon and greenhouse gas emissions and ultimately reduce our environmental footprint. We also remain committed to broaden our sustainability practices, through the investment and research in new solutions for our developments and operations. [video width="720" height="480" mp4="https://axinvestor-relations.mt/wp-content/uploads/2022/06/AXGroupVideo_1.mp4"][/video]
Read MoreAX Real Estate P.L.C. Celebrates bond listing
A ringing of the bell event was held at the Malta Stock Exchange on Tuesday 29 March to celebrate the successful bond and shares listing of AX Real Estate plc with the Malta Stock Exchange (MSE). On Tuesday 15 February, AX Real Estate plc listed 97,193,600 Eur0.125 Ordinary A shares and trading commenced on Wednesday 16 February. AX Real Estate plc also issued 3.5% Unsecured Bonds with a nominal value of Eur40,000,0000 on Tuesday 15 February, and trading commenced on Wednesday 16 February. MSE Chairman Mr Joseph Portelli welcomed AX Group founder and Chairman Mr Angelo Xuereb and congratulated the company of their successful listings and noted that the MSE is pleased to see entrepreneurs raise funds for projects through the capital market. Mr Xuereb said that AX Group currently has five listings and since the first listing 25 years ago, he has realised the value of the capital markets not just for raising capital but also with respect to succession planning, which ensures continuity and growth. Denise Micallef Xuereb, CEO of AX Real Estate said, ‘‘The purpose of the listing was to finance the significant investment in the Verdala Hotel and Virtu Heights project in Rabat, together with the Suncrest hotel extension in Qawra. The finance that is being raised through the listing is part of the estimated EUR 110 M required to complete these mentioned projects, both of which are currently progressing well and on schedule. We remain committed to building on AX Group’s track record and elevating this success further to ensure good long-term property investment opportunities.’’ Mr Michael Warrington said that ‘’Decades ago, AX Group set out a path for its real estate operations with two firm goals: firstly, to consistently advance quality standards in the properties it develops and manages; and secondly, to give its investors and clients long-term peace of mind through sound property investment opportunities and long-term growth. Today, having consolidated the Group’s well-diversified portfolio of managed local properties under AX Real Estate p.l.c. we are an industry leader’’. Mr Xuereb expressed gratitude to the members of the Board for their continued support, to the Malta Stock Exchange team and the sponsors namely, Rizzo Farrugia, MZ Investments and Curmi & Partners, to Bank of Valletta as Manager and Registrar, and Camilleri Preziosi who acted as Legal Counsel, all of whom helped make the listings a success. [gallery size="large" link="file" ids="2306,2305,2307"]
Read MoreAX Group Annual Report
AX Group has published its 2021 Annual Report. The report shines a light on the Group’s strides, challenges, and accomplishments as experienced across our care, construction, development, real estate and hospitality business units during all of last year. “Through the vital services we provide within our care units, the exceptional guest experiences we create in our hotels, and the projects of vision and quality we launch through our development and construction arms, 2021 has seen us overcome the challenges to deliver excellence on all fronts. I couldn’t be prouder of the entire Group for pulling together to leave a positive impact on the industries and communities we serve.” Mr Angelo Xuereb, Chairman. While 2021 continued to be dominated by the pandemic, the Group has proved agile enough to learn from the lessons of the previous year. Our willingness to meet the ongoing situation with determination, integrity and creativity has ensured we were better prepared for the challenges we faced. The last year has also seen AX Group confidently move ahead with several major projects, including a brand new office concept in Merchants Street Valletta, the extension of the Suncrest Hotel in Qawra, and the much-anticipated Verdala redevelopment in Rabat. These landmark projects, together with other significant plans in the pipeline, are set to shape the future of the business and bolster the Group’s resilience and growth going forward. “The past year has continued to prove that AX Group’s success ultimately rests on the vision, talent, and dedication of our people. On behalf of the Xuereb family, our board of directors, and all of management, I would like to thank all of our diverse teams who have come together to help colleagues, clients, and the business wherever possible. It is this strong spirit of teamwork and solidarity that fills me with confidence that we are well-placed to face 2022 with a sense of renewed strength and purpose.” Mr Michael Warrington, CEO. You are all invited to read the AX Group 2021 Annual Report.
Read MoreMalta Stock Exchange Presents Lifetime Achievement Award 2021 to AX Group’s Chairman Angelo Xuereb
Mr Angelo Xuereb, Chairman of the AX Group was recently awarded the ‘Lifetime Achievement Award 2021’ by Mr Joseph Portelli, Chairman Malta Stock Exchange during the Annual Malta Stock Exchange Awards Dinner organised under the patronage of the Hon. Minister for Finance Employment, Mr Clyde Caruana. In his speech, Mr Xuereb thanked the Malta Stock Exchange for recognizing his lifetime journey and various entrepreneurial successes together with his vital contribution to the local economy. Xuereb said ‘Although I do not intend to retire soon, the succession period is looking bright and promising with my daughters Claire and Denise who are both doing a sterling job and excelling in their own areas of expertise. With Claire leading the way in the Hospitality Sector, Denise heading the Construction and Development Sectors and the unwavering loyal support of our CEO Michael Warrington and our Top Executives, I am greatly optimistic about AX Group’s future, and I am confident that the company has a strong foundation to build from.’ He continued ‘We will continue to build on our expertise and continue to focus on the sectors where our strengths lie. We have a number of massive projects in the pipeline, amongst which are – The Verdala development which will see the outstanding site in Rabat redeveloped into one of Malta’s most iconic developments consisting of a hotel and a luxurious residential complex. We’re also making extensive headway on the Suncrest development which will see this 1987 Qawra landmark entirely transformed. Once again, the Suncrest will be pivotal to regenerate Qawra and make it a better holiday destination.’ Xuereb began his professional career as a helper in his father’s construction and property business and quickly found his calling in the construction industry. He set out to forge his own path, by investing a modest sum into his own construction enterprise. Launched in 1977, AX Construction fast became one of Malta’s leading building and civil engineering contractors with operations expanding into a hard rock quarry and the first state of the art pre-cast and pre-stressed concrete factory on the island. In the ensuing decades, Xuereb took steps to diversify his company, starting with a successful expansion into the hospitality sector. In 1983, he opened the four-star Sunny Coast holiday complex in Qawra, followed in 1988 by the four-star Suncrest Hotel, which was the largest hotel in Malta for over 20 years. AX Group was the first company in the leisure industry to be listed on the Malta Stock Exchange in 1997. Under the AX Hotels brand, Xuereb has continued to launch many other award-winning hotel properties, including the five-star AX The Palace, the four-star AX The Victoria, as well as Palazzo Capua—a 200-year-old palazzo which Angelo Xuereb meticulously restored to its former glory, inside and out. In 2017, AX Hotels opened the Saint John Boutique Hotel in Valletta followed by the launch of the five-star Rosselli AX Privilege on Merchants Street. Housed in a beautifully restored 17th-century palazzo, this luxury boutique hotel is also home to the Michelin-starred Under Grain, one of the first fine dining restaurants in Malta to achieve this coveted, internationally recognised rating. Angelo Xuereb has long harboured a vision to restore value to Malta’s capital city of Valletta via ground breaking projects, including the new Parliament House in City Gate, the Old University campus, and the relaunched Is-Suq Tal-Belt (City Market). He has continued to pursue many other business ventures, ranging from launching restaurants, private health care, and Malta’s first retirement village, to creating the success of the Valletta Cruise Port and the Valletta Waterfront, which received numerous plaudits for its high-quality regeneration. Together with his wife, he launched the AX Foundation in 2006, which continues to leave a positive impact on Maltese communities through raising funds and awareness in support of various charities, initiatives, and organisations. [gallery size="medium" link="file" columns="5" ids="2384,2385,2386,2387,2388"]
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