Last checked at 12 May 2017 07:05
12 May 2017
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
Global Ports Holding
Pre-Stabilisation Period Announcement
Barclays Bank PLC ('Barclays') (Ben West; telephone: +44 20 7773 9531) hereby gives notice that as Stabilising Coordinator, the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with the Market Abuse Regulation (Regulation (EU) No 596/2014), with the aim of supporting the market price of such securities during the stabilisation period.
The securities: | |
Issuer: | Global Ports Holdings |
Aggregate nominal amount/Offering size: | 20,871,902 Ordinary Shares (excluding the over-allotment option) |
Description: | Ordinary shares in Global Ports Holdings PLC with a nominal value of £5.00 each. ISIN GB00BD2ZT390 |
Offer price; | 740p |
Stabilisation: | |
Stabilisation Manager(s): | Barclays Capital Securities Limited, 5 The North Colonnade, Canary Wharf, London, E14 4BB, United Kingdom |
Stabilisation period expected to start on: | 12th May 2017 (approximately 08.00 a.m.) |
Stabilisation period expected to end no later than: | 9th June 2017 (close of business) |
Existence, maximum size and conditions of use of over-allotment facility: | The Stabilisation Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law up to a maximum size of 3,130,785 Ordinary Shares |
Existence, maximum size, exercise period and conditions of use of Over-allotment Option: | Global Ports Holding B.V. has granted to the Stabilisation Manager the Over-allotment Option, pursuant to which the Stabilisation Manager may purchase additional shares of the Issuer up to a maximum of 3,130,785 shares |
Stabilisation Trading Venue(s): | London Stock Exchange |
In connection with the offer of the above securities, the Stabilisation Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction. Nothing in this communication shall constitute a public offering or an offer to sell or the solicitation of an offer to buy securities in the United States, Canada, Australia or Japan or any jurisdiction in which such offer or sale would be unlawful. The offer of securities and the distribution of this announcement and other information in connection with the transaction referred to herein may be restricted by law and persons into whose possession this announcement or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the 'Prospectus Directive') before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.
This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the 'Securities Act'), or under the securities laws of any state or other jurisdiction of the United States. Accordingly, the securities referred to herein may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, in or into, the United States absent registration under, or pursuant to an exemption from, the registration requirements of the Securities Act and in compliance with any relevant state securities laws. There will be no public offer of securities in the United States.
Barclays is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority, is acting for the Issuer only in connection with the offer and will not be responsible to anyone other than the Issuer for providing the protections offered to clients of Barclays, nor for providing advice in relation to the offer or any matters referred to in this communication.