REG-Global Ports Holding PLC Exercise of Warrants

Global Ports HoldingAnnouncement

25/03/2024 07:00

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   Global Ports Holding PLC (GPH)
   Exercise of Warrants

   25-March-2024 / 07:00 GMT/BST

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   Global Ports Holding Plc

   Exercise of Warrants

   Global  Ports  Holding  Plc  ("GPH"  or  "Group"),  the  world's   largest
   independent  cruise  port  operator,  has  received  notification  of  the
   exercise in full  of warrants held  by Sixth Street  Capital Partners  LLC
   (“Sixth Street”), over an aggregate 8,395,118 new Ordinary shares of £0.01
   each (“Ordinary Shares”) in  the Company at an  exercise price of 1  pence
   per ordinary share.

   The Company issued Sixth Street with  the initial warrants as part of  the
   refinancing announced on the 24 May  2021 and further warrants as part  of
   the ‘Adjustment Event’ announced on the 14 July 2023.  The Warrant  Shares
   will be  issued  under authorities  granted  at the  Company’s  June  2021
   General Meeting  and 2023  Annual General  Meeting to  issue those  shares
   required to be allotted upon the exercise of the Warrants.

   Application will be made for the New Ordinary Shares to be admitted to the
   standard listing segment  of the  Official List of  the Financial  Conduct
   Authority (“FCA”) and to trading on the main market for listed  securities
   of the London Stock Exchange plc. It is expected that admission of the New
   Ordinary Shares  (“Admission”) will  take  place at  or around  8.00  a.m.
   (London time) on or around  28 March 2024 (or such  later date or time  as
   the Company may decide).

   Following Admission,  the  Company’s  issued  share  capital  admitted  to
   trading will consist of 76,433,126 ordinary shares of GBP 0.01 each.  This
   figure  may  be  used  by  shareholders  (and  others  with   notification
   obligations) as the denominator  for the calculations  by which they  will
   determine whether they  are required  to notify  their interest  in, or  a
   change to their interest in, GPH  under the FCA’s Disclosure Guidance  and
   Transparency Rules.

    

    

   CONTACT                                   
   For investor,  analyst  and  financial   For media enquiries:
   media enquiries:
   Global   Ports    Holding,    Investor   Global Ports Holding
   Relations
   Martin Brown                             Ceylan Erzi
   Telephone: +44 (0) 7947 163 687          Telephone: +90 212 244 44 40
   Email:                                   Email:
    1 martinb@globalportsholding.com         2 ceylane@globalportsholding.com

    

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          GB00BD2ZT390
   Category Code: MSCH
   TIDM:          GPH
   LEI Code:      213800BMNG6351VR5X06
   Sequence No.:  311545
   EQS News ID:   1865773


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:martinb@globalportsholding.com
   2. mailto:ceylane@globalportsholding.com


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