REG - Globalworth Real Est - Form 8 (OPD) - Globalworth Real Estate Investments

Globalworth Real Estate InvestmentsAnnouncement

26/04/2021 16:05

RNS Number : 6327W
  
Globalworth Real Estate Inv Ltd
  
26 April 2021
  
 

FORM 8 (OPD)
 
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
 
1.         KEY INFORMATION
 




(a) Full name of discloser:


GLOBALWORTH REAL ESTATE INVESTMENTS LIMITED




(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
     The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.


N/A




(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
     Use a separate form for each offeror/offeree


GLOBALWORTH REAL ESTATE INVESTMENTS LIMITED




(d) Is the discloser the offeror or the offeree?


OFFEREE




(e) Date position held:
     The latest practicable date prior to the disclosure


26 APRIL 2021




(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? 
     If it is a cash offer or possible cash offer, state "N/A"


N/A
 




 
2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
 
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
 
(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates
 




Class of relevant security:
 


 




 
 


Interests


Short positions




Number


%


Number


%




(1) Relevant securities owned and/or controlled:


NIL


 


NIL


 




(2) Cash-settled derivatives:
 


NIL


 


NIL


 




(3) Stock-settled derivatives (including options) and agreements to purchase/sell:


NIL


 


NIL


 




 
     TOTAL:


NIL


 


NIL


 




 
All interests and all short positions should be disclosed.
 
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
 
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
 
(b)        Rights to subscribe for new securities
 




Class of relevant security in relation to which subscription right exists:


N/A




Details, including nature of the rights concerned and relevant percentages:


N/A




 
 
3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
 




Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:




 




Interests (beneficial and non-beneficial) held by the directors of Globalworth Real Estate Investments Limited




Name


No of shares


Percentage (%) of total issued share capital (excluding any shares held in treasury)




Geoffrey Miller


12,500


0.0057%




John Whittle


11,900


0.0054%




Dimitris Raptis


751,319


0.3398%




Norbert Sasse


114,286


0.0517%




 


 


 




Interests held by subsidiaries of Globalworth Real Estate Investments Limited




Name


No of shares


Percentage (%) of total issued share capital (excluding any shares held in treasury)




Globalworth Investment Advisers Limited


 394,188


 0.1783%




 


 


 




 


 


 




Warrants held by the directors of Globalworth Real Estate Investments Limited




Name


No of shares


Exercise price per warrant


Expiry Date




Geoffrey Miller


11,000


€ 5.00


25 July 2023




John Whittle


9,000


€ 5.00


25 July 2023




 


 


 




Options held under the Long Term Incentive Plan by the directors of Globalworth Real Estate Investments Limited




Name


No of shares


 Exercise price




Dimitris Raptis


76,2711


NIL 2




 


 


 




1 This is the maximum number of shares, assuming the performance conditions are fulfilled in full. 
2 The entitlement to this maximum number of shares will vest at the end of the performance period, which is stated to be 31 December 2021.
 
 




Shares awarded under the Deferred Annual Bonus Plan by the directors of Globalworth Real Estate Investments Limited




Name


No of shares


 Exercise price




Dimitris Raptis


51,432


NIL (shares already awarded but not yet vested3)




 


 


 




 
3 The vesting dates for the shares awarded under the DABP are as follows:
·        7,784 shares - 8 July 2021
·      11,464 shares - 24 February 2022
·      10,728 shares - 29 January 2022
·      10,728 shares - 29 January 2023
·      10,728 shares - 29 January 2024
 




 
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
 
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
 
4.         OTHER INFORMATION
 
(a)        Indemnity and other dealing arrangements
 




Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"




 
None
 




 
(b)        Agreements, arrangements or understandings relating to options or derivatives
 




Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:
(i)  the voting rights of any relevant securities under any option; or 
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"




 
None
 




 
(c)        Attachments
 
Are any Supplemental Forms attached?
 




Supplemental Form 8 (Open Positions)


NO




Supplemental Form 8 (SBL)


NO




 
 




Date of disclosure:


26 April 2021




Contact name:


Nicola Marrin, Company Secretary




Telephone number:


+40 372 800 000
 




 
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
 
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
 

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