REG - Globalworth Real Est - Independent Committee of the Board

Globalworth Real Estate InvestmentsAnnouncement

19/04/2021 07:05

RNS Number : 8035V
  
Globalworth Real Estate Inv Ltd
  
19 April 2021
  
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
19 April 2021


Globalworth Real Estate Investments Limited ("Globalworth" or the "Company")
Further to the Company's announcement on 14 April, noting the announcement by CPI Property Group S.A. and Aroundtown SA of a firm intention to make a cash offer for the Company (the "Offer"), the Company has formed an independent committee of the Board (the "Independent Committee") in order to evaluate the Offer.
The Independent Committee is comprised of three independent directors of the Company, Geoff Miller, John Whittle and Andreea Petreanu. 
The Independent Committee is evaluating the terms of the Offer together with its advisers and will write to shareholders with its detailed views on the Offer in due course.
In the meantime, the Independent Committee strongly advises Globalworth shareholders to take no action in relation to the Offer at this time.
Enquiries: 
 




Globalworth


Tel: +40 372 800 000




Geoff Miller, Chair of the Board


 




 


 




J.P. Morgan Cazenove (Financial Adviser)


             Tel: +44 20 7742 4000 




Massimo Saletti / Leon Li
Dwayne Lysaght / Jonty Edwards


 




 


 




Jefferies (Joint Broker)


 Tel: +44 20 7029 8000




Stuart Klein


 




 


 




Panmure Gordon (Nominated Adviser and Joint Broker)


                Tel: +44 20 7886 2500 




Dominic Morley / Alina Vaskina / Joanna Langley
 


 




Important notices
This announcement is not intended to and does not constitute an offer to buy or the solicitation of an offer to subscribe for or sell or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction. The release, publication or distribution of this announcement in whole or in part in, into or from certain jurisdictions may be restricted by law and therefore persons in such jurisdictions should inform themselves about and observe such restrictions.
Disclaimer
J.P. Morgan Securities plc, which conducts its UK investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised in the United Kingdom by the Prudential Regulation Authority (the "PRA") and regulated in the United Kingdom by the PRA and the Financial Conduct Authority. J.P. Morgan Cazenove is acting as financial adviser exclusively for Globalworth and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters in this announcement and will not be responsible to anyone other than Globalworth for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, nor for providing advice in relation to any matter referred to herein.
Rule 26.1 Disclosure
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available at www.globalworth.com, by no later than 12 noon (London time) on the business day following the date of this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
FURBDLFFFZLZBBQ