Offer Update

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: [phone]
Massimo Saletti / Leon Li Dwayne Lysaght / Jonty Edwards
Panmure Gordon (Rule 3 Adviser, Nominated Adviser and Joint Broker)	Tel: [phone]
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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