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9 Jul 2021 07:34
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
9 July 2021
Globalworth Real Estate Investments Limited ("Globalworth" or the "Company")
Warrants Exercise, Directors' Dealings, Share Award Plans and TVR
The Company announces that the following warrants to subscribe for Ordinary Shares in the Company have been exercised in accordance with their terms and at a price of EUR 5.00 per share:
· Geoff Miller, chairman of the Company, over 11,000 warrants
· John Whittle, non-executive Director of the Company, over 9,000 warrants.
The Company has therefore now issued and allotted 20,000 new Ordinary Shares and application has been made for 20,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 15 July 2021. The new Ordinary Shares rank pari passu in all respects with the existing shares in issue.
In addition, a further 25,695 ordinary shares of no par value which were held in treasury have been utilised to satisfy awards made under the Company's share award plans, such shares having vested in accordance with the terms of the plans following the change of control. The Company now holds 838,118 ordinary shares in treasury.
Following the above transactions, the total number of ordinary shares in issue excluding shares held as treasury shares is 221,588,969, and this is the total number of the voting rights in the Company which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in the interest, in the share capital of the Company under Chapter 5 of the FCA's Disclosure Guidance and Transparency Rules as reflected in the Company's articles of incorporation.
Following the exercise of the warrants, Mr. Miller holds a beneficial interest in 23,500 Ordinary Shares, equivalent to 0.011 per cent of the issued Ordinary Share capital and Mr Whittle holds a beneficial interest in 20,900 Ordinary Shares, equivalent to 0.009 per cent of the issued Ordinary Share capital.
The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the transactions listed above are set out below:
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Geoff Miller | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Chairman | ||||
b) | Initial notification /Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Globalworth Real Estate Investments Limited | ||||
b) | LEI | 213800R3E823B1UBIA81 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of no par value | ||||
b) | Identification code | GG00B979FD04 | ||||
c) | Nature of the transaction | Exercise of warrants | ||||
d) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
Not applicable, single transaction | ||||
e) | Date of the transaction | 7 July 2021 | ||||
f) | Place of the transaction | Outside a trading venue - Guernsey | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | John Whittle | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Director | ||||
b) | Initial notification /Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Globalworth Real Estate Investments Limited | ||||
b) | LEI | 213800R3E823B1UBIA81 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of no par value | ||||
b) | Identification code | GG00B979FD04 | ||||
c) | Nature of the transaction | Exercise of warrants | ||||
d) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
Not applicable, single transaction | ||||
e) | Date of the transaction | 7 July 2021 | ||||
f) | Place of the transaction | Outside a trading venue - Guernsey | ||||
Enquiries:
Globalworth | Via advisers |
Geoff Miller, Chair of the Board | |
Panmure Gordon (Nominated Adviser and Joint Broker) | Tel: +44 20 7886 2500 |
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.
The person responsible for arranging for the release of this announcement on behalf of the Company is Nicola Marrin, Company Secretary.
Disclaimers
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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