Fondazzjoni Sebh receives donation in the form of dividends from PG Group
Heartfelt gratitude from Fondazzjoni Sebh for the generous dividends received from the shares donated in 2020 by Mr. Paul Gauci, founder of PG Group. This invaluable support significantly enables Fondazzjoni Sebh to advance their mission of fostering an environment conducive to growth and recovery, ensuring the dignity and value of each individual served.
These contributions are instrumental in helping the foundation to create a more inclusive society where every person can thrive and feel valued. Mrs. Yvonne Mallia, Fondazzjoni Sebh Director said that the dividends will be utilized to enhance the Foundation’s programs and services, directly benefiting residents and enabling it to reach more individuals in need. “Together, we are making a profound difference in the lives of many, paving the way for a brighter and more inclusive future.”
Mr. Paul Gauci, founder of PG Group, the operator of the renowned Maltese supermarkets Pavi and Pama, as well as the franchisee of ZARA & ZARA Home, had donated a 4.2 million shares to 10 charitable institutions, entitling them to dividends distributed by the company twice a year. Fondazzjoni Sebh has been a significant beneficiary of this generous gesture by Mr. Gauci.
Fondazzjoni Sebh CEO, Yvonne Mallia, expressed profound gratitude for this enduring support. “The dividends received from the shares donated by Mr. Gauci have been instrumental in sustaining our operations. Unlike traditional donations that require repeated appeals for funds, the dividends provide us with a reliable and predictable source of income. This financial stability allows us to focus on our mission of supporting vulnerable individuals and families without the constant worry of fundraising.”
PG Group Deputy CEO, Mr. Malcolm Camilleri, highlighted the significance of this innovative approach to charitable giving. “The donation of shares by our majority shareholder, Mr. Paul Gauci, offers a dignified solution for NGOs. Instead of having to request for donations annually, these organizations are assured of receiving bi-annual dividends. This not only ensures a continuous flow of support but also empowers the NGOs to plan and execute their activities more effectively, knowing they have guaranteed financial backing.”
This strategic philanthropy underscores PG Group’s commitment to the community and reflects Mr. Gauci’s vision of fostering a sustainable and dignified support system for NGOs. By aligning corporate success with community welfare, PG Group exemplifies the positive impact of integrating corporate social responsibility into business practices.
PG Group Deputy CEO, Mr. Malcolm Camilleri
Fondazzjoni Sebh Director. Ms. Yvonne Mallia
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