Holding(s) in Company

RNS Number : 3073G

Globalworth Real Estate Inv Ltd

16 March 2020

 

TR-1: S tandard 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

CPI PROPERTY GROUP

City and country of registered office (if applicable)

Luxembourg, Luxembourg

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 :

11/03/2020, 13/03/2020, 16/03/2020

6. Date on which issuer notified (DD/MM/YYYY):

16/03/2020

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 of issuer vii

Resulting situation on the date on which threshold was crossed or reached

29.393%

1.275%

30.668%

221,990,826

Position of previous notification (if applicable)

29.393%

1.275%

30.668%

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 (Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Ordinary shares GG00B979FD04

0

65,250,000

0

29.393%

SUBTOTAL 8. A

65,250,000

29.393%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (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

Warrant exercisable into ordinary shares GG00B979FD04

24/07/2023

2,830,020

1.275%

SUBTOTAL 8. B 1

2,830,020

1.275%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (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 xiv (please add additional rows as necessary)				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 4 February 2020 CPI PROPERTY GROUP, Luxembourg, made the major holding (TR-1) notification in relation to its holding in Globalworth Real Estate Investments Limited ("GREIL"). As at 4 February 2020, CPI PROPERTY GROUP held and controlled in aggregate 65,250,000 GREIL shares, representing 29.404% of GREIL's voting rights (based on the voting rights as at 4 February 2020). CPI PROPERTY GROUP decided to proceed with an intragroup transfer of GREIL shares to Zakiono Enterprises Limited. The present notification results from the intragroup transfers of GREIL shares within CPI PROPERTY GROUP, without any impact on aggerate position of CPI PROPERTY GROUP in GREIL. As at 16 March 2020, CPI PROPERTY GROUP therefore holds and controls in aggregate 65,250,000 GREIL shares, representing 29.393% of GREIL's voting rights (based on the voting rights as at 26 February 2020). The aggregate shareholding of CPI PROPERTY GROUP in GREIL is now held indirectly via 100% owned subsidiary Zakiono Enterprises Limited. In addition, Zakiono Enterprises Limited holds 2,830,020 warrants, exercisable into 2,830,020 GREIL shares, representing 1.275% of GREIL's voting rights. Mr. Radovan Vitek in turn holds 7,847,502,824 shares of CPI PROPERTY GROUP, representing 90.70% of CPI PROPERTY GROUP's shareholding.

Place of completion	Luxembourg
Date of completion	16/03/2020

 

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