Globalworth Real Estate Inv Ltd Offer Update (5584F)
July 16 2021 - 9:47AM
UK Regulatory
TIDMGWI TIDMO5G TIDMIRSH
RNS Number : 5584F
Globalworth Real Estate Inv Ltd
16 July 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
FOR IMMEDIATE RELEASE
16 July 2021
Globalworth Real Estate Investments Limited ("Globalworth" or
the "Company")
Growthpoint confirms intention not to accept Offer
Globalworth's second largest shareholder, Growthpoint Properties
Limited ("Growthpoint"), has confirmed that following the offer by
CPI Property Group S.A. and Aroundtown SA (the "Offer") being
declared unconditional in all respects, it continues to agree with
the Independent Committee's belief that the Offer significantly
undervalues the Company, its assets and its prospects and,
accordingly, it does not intend to accept the Offer.
Copies of certain announcements and documents relating to the
Offer may be viewed on the Globalworth website at
https://www.globalworth.com/investor-relations/offer-for-globalworth/.
Terms used but not defined in this announcement shall have the
meanings given to them in the response circular published by the
Company on 26 May 2021.
Enquiries:
Globalworth Via advisers
Geoff Miller, Chair of the Board
----------------------
J.P. Morgan Cazenove (Financial Adviser) Tel: +44 20 7742 4000
----------------------
Massimo Saletti / Leon Li
Dwayne Lysaght / Jonty Edwards
----------------------
Panmure Gordon (Rule 3 Adviser, Nominated Tel: +44 20 7886 2500
Adviser and Joint Broker)
----------------------
Dominic Morley / Alina Vaskina
----------------------
Important notices
This announcement is not intended to and does not constitute an
offer to buy or the solicitation of an offer to subscribe for or
sell or an invitation to purchase or subscribe for any securities
or the solicitation of any vote in any jurisdiction. The release,
publication or distribution of this announcement in whole or in
part in, into or from certain jurisdictions may be restricted by
law and therefore persons in such jurisdictions should inform
themselves about and observe such restrictions.
Disclaimers
J.P. Morgan Securities plc, which conducts its UK investment
banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"),
is authorised in the United Kingdom by the Prudential Regulation
Authority (the "PRA") and regulated in the United Kingdom by the
PRA and the Financial Conduct Authority. J.P. Morgan Cazenove is
acting as financial adviser exclusively for Globalworth and no one
else in connection with the matters set out in this announcement
and will not regard any other person as its client in relation to
the matters in this announcement and will not be responsible to
anyone other than Globalworth for providing the protections
afforded to clients of J.P. Morgan Cazenove or its affiliates, nor
for providing advice in relation to any matter referred to
herein.
Panmure Gordon (UK) Limited ("Panmure Gordon") which is
authorised and regulated in the United Kingdom by the Financial
Conduct Authority, is acting exclusively for Globalworth and no one
else in connection with the matters set out in this announcement
and will not regard any other person as its client in relation to
the matters in this document and will not be responsible to anyone
other than Globalworth for providing the protections afforded to
clients of Panmure Gordon or its affiliates, nor for providing
advice in relation to any matter referred to herein.
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END
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