Plaza Centres appoints new Non-Executive Directors following shareholding change

Plaza Centres plc has announced changes to its board of Directors following a significant shift in its shareholding structure, triggered by the recent acquisition of a substantial stake in the company by Virgata Group Sarl.

The company confirmed that Josianne Briffa and Stephen Gauci have resigned from their roles as Non-Executive Directors with effect from 18th December 2025. Both had been appointed to the board by Mapfre MSV Life plc, which recently disposed of its entire shareholding in Plaza Centres. Ms Briffa has also stepped down as Chairperson of the Audit Committee.

In the same announcement, Plaza Centres revealed the appointment of Gregory Gatt and Jordi Goetstouwers as Non-Executive Directors, effective 19th December 2025. The appointments were made by Virgata HQ Ltd, a member of Virgata Group Sarl, by virtue of its qualifying shareholding, which now amounts to 37.615 per cent of the company’s voting shares.

Mr Gatt, a Maltese national based in Mellieħa, and Mr Goetstouwers, who is based in Salzburg, Austria, will both serve as Non-Executive Directors. According to the disclosures made under Capital Markets Rule 5.20, neither appointee holds current or recent directorships in other listed companies, nor do they have principal external activities deemed significant in relation to Plaza Centres.

Virgata HQ Limited increased its stake in Plaza from 6.2 per cent to 37.6 per cent via an off-market transaction at €0.94 per share, representing a 38 per cent premium over the last traded price.

The changes come as Plaza Centres adjusts its governance structure in line with its updated shareholder composition, following the exit of Mapfre MSV Life plc and the entry of Virgata Group Sarl as a major shareholder.