Holding(s) in Company

RNS Number : 2975E

Globalworth Real Estate Inv Ltd

06 July 2021

 

 

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:			Globalworth Real Estate Investments Limited
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer						X
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name			Zakiono Enterprises Limited
City and country of registered office (if applicable)			Republic of Cyprus
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached vi:			02/07/2021
6. Date on which issuer notified (DD/MM/YYYY):			05/07/2021
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	51.50%	0%		51.50%	113,879,464
Position of previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rights ix				% of voting rights
	Direct (DTR5.1)		Indirect  (DTR5.2.1)		Direct (DTR5.1)	Indirect (DTR5.2.1)
Ordinary shares GG00B979FD04	113,879,464		0		51.50%	0
SUBTOTAL 8. A	113,879,464				51.50%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument	Expiration date x	Exercise/ Conversion Period xi		Number of voting rights that may be acquired if the instrument is exercised/converted.		% of voting rights
		SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date x	Exercise/ Conversion Period xi	Physical or cash Settlement xii	Number of voting rights	% of voting rights
			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv				X
Name xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
See 11. additional information
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi
On 1 July 2021, Hilardo Limited transferred 21.99% of the shares in the issuer to Zakiono Enterprises Limited's sole shareholder, Tevat Limited. In consideration for the transfer, on 2 July 2021, Hilardo Limited was issued 500 Ordinary Shares and 48,629,464 Redeemable Preference Shares in Tevat Limited pursuant to the Amended and Restated Deed of Subscription and Gift dated 24 June 2021 between CPI Property Group S.A., Aroundtown SA, Aroundtown Real Estate Limited, Hilardo Limited, Tevat Limited and Zakiono Enterprises Limited (the "Deed"). As a result, Aroundtown SA through its indirect subsidiary, Hilardo Limited, and CPI Property Group S.A. each hold 50 per cent. of the voting rights in Tevat Limited. On 2 July, Tevat Limited transferred 21.99% of the shares in the issuer to Zakiono Enterprises Limited, which already held 29.51% of shares in the issuer (and warrants exercisable into 1.28% of shares in the issuer which will expire on 24/07/2023) in consideration for the issuance of 48,629,464 Redeemable Preference Shares in Zakiono Enterprises Limited to Tevat Limited pursuant to the Deed. As such Zakiono Enterprises Limited holds a total of 51.50% of the shares in the issuer.

Place of completion	Republic of Cyprus
Date of completion	05/07/2021

 

 

END

 

 

HOLUNABRANUBRRR