{"id":16,"date":"2017-08-29T12:05:01","date_gmt":"2017-08-29T12:05:01","guid":{"rendered":"http:\/\/stivalagroup.com\/?page_id=16"},"modified":"2024-05-20T07:21:49","modified_gmt":"2024-05-20T07:21:49","slug":"company-structure","status":"publish","type":"page","link":"https:\/\/stivalagroup.com\/?page_id=16","title":{"rendered":"Company<\/br>Structure"},"content":{"rendered":"
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\u00a0 \u00a0 COMPANY STRUCTURE<\/h1>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>
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Stivala Group Finance p.l.c. is the ultimate parent company of the Stivala Group and is the principal vehicle for further expansion of the Group\u2019s hospitality business and mixed use developments.<\/h2>\n

The organisational structure of the group is illustrated in the diagram below:<\/h2>\n<\/div>\n<\/div><\/div>
\n\n
\n\t\t\"Stivala\n\t<\/div>\n\n<\/div><\/div>
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\n\t

The Group conducted a re-organisation over the course of 2016 and 2017 in preparation of the Bond Issue. ST Hotels Ltd (C 78678) and ST Properties Ltd (C 78261) were established as private limited liability companies on 16 December 2016 and 23 November 2016 respectively as subsidiaries within the Group and which have the majority of this shares indirectly owned by the Issuer.<\/p>\n

The initial step in the restructuring process entailed the transfer of operations from Stivala Operators Limited (C 23860) and Stivala Properties Ltd (C 51411), these being subsidiary companies of C. Stivala & Sons Limited (C 4510) (a company which is not reflected in the above chart), to the Group. As such, ST Hotels Ltd acquired from Stivala Operators Limited the business, operations, assets and the benefit of all contracts previously pertaining to Stivala Operators Limited, with effect from 1 January 2017. Furthermore, ST Properties Ltd acquired from Stivala Properties Ltd the latter\u2019s business, operations and assets with effect from 1 January 2017. Accordingly, as from 1 January 2017, Stivala Operators Limited and Stivala Properties Limited ceased all trading and operating activities and it is intended that both companies will be liquidated in the near future.<\/p>\n

Pursuant to the above, C. Stivala & Sons Limited (which is the parent company of two non-operating subsidiary companies \u2013 Stivala Operators Limited and Stivala Properties Ltd - as explained hereinabove), was amalgamated into the Guarantor in terms of a merger process that was finalised during the third quarter of 2017. C. Stivala and Sons Limited previously served as one of the main property holding companies of the Group and therefore following the said merger, the Guarantor now acts as the principal property-holding company of the Group. The operation of the properties is subsequently undertaken by other Group companies, namely:<\/p>\n

\u2022 ST Properties Ltd<\/strong> in connection with the commercial and residential properties, which ST Properties Ltd then
\nsub-leases and operates by entering into agreements with third parties; and<\/p>\n

\u2022 ST Hotels Ltd<\/strong> in connection with hotels and hostels or guesthouses, which ST Hotels Ltd then operates in its own name and for its own risk and benefit. ST Hotels Ltd has two associate companies being Sliema Creek Lido (C 87108) Ltd which is holding company of the Lido at the Strand in Gzira, and Aqualuna Lido Ltd (C 95143) which is the operating company of Aqualuna Lido.<\/p>\n

The Group also has two operating associate companies, both of which are involved in the Group\u2019s main activities of leasing commercial and residential properties. Platinum Developments Ltd (C 70581) owns and operates leases of three residential units and one office on the Sliema Seafront, whilst Civala Limited (C 66336), has yet to commence operational activities.<\/p>\n<\/div>\n<\/div><\/div><\/div>

<\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

\u00a0 \u00a0 COMPANY STRUCTURE Stivala Group Finance p.l.c. is the ultimate parent company of the Stivala Group and is the principal vehicle for further expansion of the Group\u2019s hospitality business and mixed use developments. The organisational structure of the group is illustrated in the diagram below: The Group conducted a re-organisation over the course of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"yoast_head":"\nCompanyStructure - Stivala Group Finance p.l.c.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stivalagroup.com\/?page_id=16\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CompanyStructure - Stivala Group Finance p.l.c.\" \/>\n<meta property=\"og:description\" content=\"\u00a0 \u00a0 COMPANY STRUCTURE Stivala Group Finance p.l.c. is the ultimate parent company of the Stivala Group and is the principal vehicle for further expansion of the Group\u2019s hospitality business and mixed use developments. 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