The following is a Company Announcement issued by Simonds Farsons Cisk p.l.c. (the “Company”) pursuant to Chapter 5 of the Capital Markets Rules as issued by the MFSA in accordance with the provisions of the Financial Markets Act (Chapter 345 of the Laws of Malta) as they may be amended from time to time.
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Approval of Interim Report and Dividend
At a meeting held today 24th September 2025, the Board of Directors of the Company approved the Group’s unaudited Financial Statements and Interim Directors’ Report for the six months ended 31st July 2025.
A copy of these unaudited Financial Statements and Interim Directors’ Report approved by the Board of Directors on 24th September 2025 is attached herewith and is available to the public on https://www.farsons.com/en/financial-statements.
The Board of Directors of the Company also resolved to distribute, out of tax-exempt profits, an interim dividend of €2,340,000 equivalent to €0.065 per ordinary share. This dividend will be paid on Thursday, 16th October 2025 to the Company’s shareholders appearing on the Register of Members as at the close of business on Tuesday, 30th September 2025.
Approval of Quinco Holdings p.l.c. Prospectus
Reference is made to the approval, at the Company’s 78th Annual General Meeting held on 26th June 2025, for the Spin-Off of the Company’s shareholding in Quinco Holdings p.l.c. (“Quinco”).
The Company is pleased to announce that the Malta Financial Services Authority (“MFSA”) has approved a Prospectus dated 24th September 2025 relating to the admissibility to listing of 36,000,000 ordinary shares in Quinco.
The Prospectus shall be made available electronically from Quinco’s website https://quincoholdings.com/ as from tomorrow, 25th September 2025 and in paper copy at the registered office of the Company during office hours.
Declaration of Dividend ‘in-kind’ in Quinco Holdings p.l.c.
At a meeting held today 24th September 2025, the Board of Directors of the Company resolved to declare a net interim dividend of €46,800,000 equivalent to €1.30 per share. The interim dividend shall be settled ‘in kind’, through the distribution of the entire shareholding in Quinco (the “Quinco Shares”), to the Company’s shareholders pro rata to the number of shares held by them in the Company as at close of business on 30th September 2025. (the “Distribution Record Date”).
The Quinco Shares are expected to be admitted to the Official List of the Malta Stock Exchange on 6th October 2025, with trading to commence on 7th October 2025.
Appointment of Chief Executive Designate for Simonds Farsons Cisk p.l.c.
The Board of Directors of Simonds Farsons Cisk p.l.c., announces the appointment of Michael Farrugia as Chief Executive Designate with effect from 1 October 2025, as part of its ongoing business and succession planning process.
Mr. Farrugia, who joined the Company in 2006 and currently serves as Deputy Chief Executive of the Group’s Beverage Business, will assume the position of Chief Executive Officer of the Company on 1 July 2026.
Following the completion of the Spin-Off of the Group’s Food Business into Quinco Holdings p.l.c., Simonds Farsons Cisk p.l.c., will return to its roots as a beverage centric company.
Norman Aquilina, who has served as CEO of the Farsons Group since 2010 (whose term expires on 30 June 2026), will continue to lead the newly formed and soon to be listed Quinco Holdings p.l.c., as its Executive Chairman.
In accordance with Capital Market Rule 5.20, the following details are hereby being disclosed to the public:
Name: Mr Michael Farrugia
Address: 1, Villa Stoke, Misrah San Pawl, Naxxar, Malta
Principal activities performed outside the Company: Director of Multigas Limited and Multigas Sales Limited
Directorships held in previous 5 years in other Issuers: Trident Estates p.l.c.
Furthermore, there are no other matters that require disclosure in terms of the Capital Markets Rules 5.20.5 to 5.20.9.
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Nadine Magro
Company Secretary