REG - Globalworth Real Est - Holding(s) in Company

Globalworth Real Estate InvestmentsAnnouncement

06/07/2021 08:20

RNS Number : 2975E
  
Globalworth Real Estate Inv Ltd
  
06 July 2021
  
 
 
TR-1: Standard form for notification of major holdings
 




NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i




 




1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: 


Globalworth Real Estate Investments Limited




1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)




Non-UK issuer


X




2. Reason for the notification (please mark the appropriate box or boxes with an "X")




An acquisition or disposal of voting rights 


X




An acquisition or disposal of financial instruments


 




An event changing the breakdown of voting rights


 




Other (please specify) iii:


 




3. Details of person subject to the notification obligation iv




Name


Zakiono Enterprises Limited




City and country of registered office (if applicable)


Republic of Cyprus




4. Full name of shareholder(s) (if different from 3.) v




Name


 




City and country of registered office (if applicable)


 




5. Date on which the threshold was crossed or reached vi:


02/07/2021 




6. Date on which issuer notified (DD/MM/YYYY):


05/07/2021




7. Total positions of person(s) subject to the notification obligation




 


% of voting rights attached to shares (total of 8. A)


% of voting rights through financial instruments

(total of 8.B 1 + 8.B 2)


Total of both in % (8.A + 8.B)


Total number of voting rights held in issuer (8.A + 8.B) vii




Resulting situation on the date on which threshold was crossed or reached


51.50% 


0%


51.50%


113,879,464




Position of previous notification (if 
applicable)


 


 


 


 



 
 
 
 
 
 
 



 




8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii




A: Voting rights attached to shares




Class/type of

shares
ISIN code (if possible)


Number of voting rights ix


% of voting rights




Direct
(DTR5.1)


Indirect
 (DTR5.2.1)


Direct
(DTR5.1)


Indirect
(DTR5.2.1)




Ordinary shares
GG00B979FD04


 113,879,464


0


51.50%


0




SUBTOTAL 8. A


113,879,464


51.50%




 
 




B 1: Financial Instruments according to DTR5.3.1R (1) (a)




Type of financial instrument


Expiration

date x


Exercise/

Conversion Period xi


Number of voting rights that may be acquired if the instrument is 
exercised/converted.


% of voting rights




 


 


 


 


 




 


 


SUBTOTAL 8. B 1


 


 



 
 
 
 
 
 
 



 




B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)




Type of financial instrument


Expiration

date x


Exercise/

Conversion Period xi


Physical or cash 
Settlement xii


Number of voting rights 


% of voting rights




 


 


 


 


 


 




 


 


 


SUBTOTAL 8.B.2


 


 




 




9. Information in relation to the person subject to the notification obligation (please mark the 
applicable box with an "X")




Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii


 




Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv


X




Name xv


% of voting rights if it equals or is higher than the notifiable threshold


% of voting rights through financial instruments if it equals or is higher than the notifiable threshold


Total of both if it equals or is higher than the notifiable threshold




See 11. additional information


 


 


 




 




10. In case of proxy voting, please identify:




Name of the proxy holder


 




The number and % of voting rights held


 




The date until which the voting rights will be held


 




 
 




11. Additional information xvi




On 1 July 2021, Hilardo Limited transferred 21.99% of the shares in the issuer to Zakiono Enterprises Limited's sole shareholder, Tevat Limited. 
 
In consideration for the transfer, on 2 July 2021, Hilardo Limited was issued 500 Ordinary Shares and 48,629,464 Redeemable Preference Shares in Tevat Limited pursuant to the Amended and Restated Deed of Subscription and Gift dated 24 June 2021 between CPI Property Group S.A., Aroundtown SA, Aroundtown Real Estate Limited, Hilardo Limited, Tevat Limited and Zakiono Enterprises Limited (the "Deed"). As a result, Aroundtown SA through its indirect subsidiary, Hilardo Limited, and CPI Property Group S.A. each hold 50 per cent. of the voting rights in Tevat Limited.
 
On 2 July, Tevat Limited transferred 21.99% of the shares in the issuer to Zakiono Enterprises Limited, which already held 29.51% of shares in the issuer (and warrants exercisable into 1.28% of shares in the issuer which will expire on 24/07/2023) in consideration for the issuance of 48,629,464 Redeemable Preference Shares in Zakiono Enterprises Limited to Tevat Limited pursuant to the Deed.
 
As such Zakiono Enterprises Limited holds a total of 51.50% of the shares in the issuer.



 
 
 
 
 



 




Place of completion


Republic of Cyprus




Date of completion


05/07/2021




 
 
 

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