Globalworth Real Estate Inv Ltd Admission of the Subscription Shares to AIM (3826S)

TIDMGWI

RNS Number : 3826S

Globalworth Real Estate Inv Ltd

20 December 2016

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR PUBLICATION, RELEASE OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS.

THE DISTRIBUTION OF THIS ANNOUNCEMENT IN OR INTO JURISDICTIONS OTHER THAN THE UNITED KINGDOM MAY BE RESTRICTED BY LOCAL LAW AND THEREFORE PERSONS INTO WHOSE POSSESSION THIS DOCUMENT COMES SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH ANY SUCH RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OR REGULATIONS OF SUCH JURISDICTIONS.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

20 December 2016

Globalworth Real Estate Investments Limited ("Globalworth" or the "Company")

Subscription update

Admission of the Subscription Shares to AIM

On 1 December 2016, the Board of Globalworth announced ("Announcement") it had agreed with Growthpoint Properties Limited ("GRT") and certain funds and/or accounts managed by Oak Hill Advisors (Europe) LLP and its affiliates ("Oak Hill") the terms upon which GRT (through its wholly owned subsidiary Growthpoint Properties International Proprietary Limited) will conditionally subscribe for 23,300,000 and Oak Hill will conditionally subscribe for 1,700,000 Shares respectively (together the "Subscription Shares") in each case at an amount of EUR8 per Subscription Share to raise EUR200 million before expenses (the "Subscription").

The Subscription was conditional on: (i) the passing of the required Globalworth shareholder resolutions; (ii) approval from the Financial Surveillance Department of the South African Reserve Bank ("SARB Approval"); and (iii) admission of the Subscription Shares and the first tranche of the Fee Shares to trading on AIM becoming effective in accordance with the AIM Rules ("Admission").

Following the Company's announcement on 7 December 2016 confirming that SARB Approval has been received (the "SARB Announcement") and the announcement on 19 December confirming that the required resolutions had been passed (the "EGM Announcement"), the Board of Globalworth is pleased to announce that as of 8:00 am today Admission occurred and the Subscription Shares and the first tranche of the Fee Shares were admitted to trading on AIM in accordance with the AIM Rules.

Admission was the final outstanding condition to Subscription which is now wholly unconditional.

Terms which are not otherwise defined in this announcement have the meanings given to them in the Announcement.

A full copy of the Announcement, the Circular, the SARB Announcement, the EGM Announcement and this announcement can be found here:

www.globalworth.com/investor-relations/key-corporate-documents.aspx

Enquiries:

Globalworth Real Estate Investments Limited Tel: [phone]

Dimitris Raptis

Deutsche Bank AG, London Branch (Financial Adviser to Globalworth) Tel: [phone]

James Maizels

Panmure Gordon (Nominated Adviser and Joint Broker to Globalworth) Tel: [phone]

Andrew Potts

Cantor Fitzgerald Europe (Joint Broker to Globalworth) Tel: + 44 20 7894 7000

Rick Thompson

David Foreman

Milbourne (Public Relations adviser to Globalworth) Tel: + 44 7903 802545

Tim Draper

About Globalworth

Globalworth is a real estate investment company active in the SEE and CEE regions with a prime focus on Romania. The Company is internally managed by c. 70 professionals and its portfolio currently comprises 15 high quality real estate investments currently valued at c. Euro 962.4 million, all located in Romania.

IMPORTANT INFORMATION

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

Deutsche Bank AG is authorised under German Banking Law (competent authority: European Central Bank) and, in the United Kingdom, by the Prudential Regulation Authority. It is subject to supervision by the European Central Bank and by BaFin, Germany's Federal Financial Supervisory Authority, and is subject to limited regulation in the United Kingdom by the Prudential Regulation Authority and Financial Conduct Authority. Details about the extent of its authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority, are available on request or from www.db.com/en/content/eu_disclosures.htm.

Deutsche Bank AG, acting through its London branch ("DB"), is acting as financial adviser to Globalworth and no other person in connection with this announcement or its contents. DB will not be responsible to any person other than Globalworth for providing any of the protections afforded to clients of DB, nor for providing any advice in relation to any matter referred to herein. Without limiting a person's liability for fraud, neither DB nor any of its subsidiary undertakings, branches or affiliates nor any of its or their respective directors, officers, representatives, employees, advisers or agents owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of DB in connection with this announcement, any statement contained herein or otherwise.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 20, 2016 08:15 ET (13:15 GMT)