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GPH Global Ports Holding Plc

207.50
1.50 (0.73%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Global Ports Holding Plc LSE:GPH London Ordinary Share GB00BD2ZT390 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.50 0.73% 207.50 206.00 208.00 208.00 206.00 208.00 54,377 16:35:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Marine Cargo Handling 213.6M -25M -0.3674 -5.61 140.16M

Global Ports Holding PLC PARTIAL EXERCISE OF THE OVER-ALLOTMENT OPTION (7320H)

09/06/2017 5:38pm

UK Regulatory


Global Ports (LSE:GPH)
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From Mar 2019 to Mar 2024

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TIDMGPH

RNS Number : 7320H

Global Ports Holding PLC

09 June 2017

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

PARTIAL EXERCISE OF THE OVER-ALLOTMENT OPTION

Further to its announcements on 19 April 2017, 2 May 2017 and 12 May 2017 relating to the initial public offering of its Ordinary Shares (the "Offer"), Global Ports Holding PLC (the "Company") is pleased to announce that Barclays Capital Securities Limited, an affiliate of Barclays Bank PLC, (the "Stabilising Manager") has partially exercised the over-allotment option set out in the Prospectus (the "Over-Allotment Option"). As a result of the partial exercise of the Over-Allotment Option Global Ports Holdings B.V. (as the Over-Allotment Option Shareholder) will sell a further 724,553 Ordinary Shares at the offer price of 740 per share to the Stabilising Manager.

Including the exercise of the Over-Allotment Option the size of the Offer was 21,596,455 in total. The exercise of the Over-Allotment Option does not impact the total number of Ordinary Shares of the Company currently in issue.

For further information, please contact:

 
 Phil Shelley 
  Vice Chairman 
  Barclays Bank 
  PLC 
  Tel:+44 (0) 
  20 3134 1475 
  Phil.Shelley@barclays.com 
 

For media enquiries:

 
 Brunswick Group 
  LLP 
  Azadeh Varzi 
  Imran Jina 
  GPH@brunswickgroup.com 
  +44 (0) 20 7404 
  5959 
 

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.

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCOKCDBABKDBAK

(END) Dow Jones Newswires

June 09, 2017 12:38 ET (16:38 GMT)

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