Completion of Equity Fundraising

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 8761A Globalworth Real Estate Inv Ltd 01 October 2015  \n\nTHIS  ANNOUNCEMENT  AND  THE  INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO  OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.  \n1 October 2015\nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\")\nCompletion of Equity Fundraising \nOn 22 September 2015 the Board of Globalworth announced its intention to conduct a placing of new ordinary shares (\"Placing Shares\") expected to raise approximately €35 million (the \"Placing\").  Further to this announcement, the Company is pleased to announce that the Placing has raised gross proceeds of approximately €53.8 million, exceeding the expected gross proceeds of the capital raise by approximately €18.8 million. \nYork Capital Management Global Advisors, LLC (\"York\"), through its affiliate York Global Finance Offshore BDH (Luxembourg) S.à r.l., has subscribed €25.0 million for 4,166,667 Placing Shares in the Placing, which increases its shareholding in the Company to 15,357,813 ordinary shares (representing approximately 24.5 per cent. of the Company's issued share capital).\nOak Hill Advisors (Europe), LLP, through certain funds and separate accounts it manages, has subscribed approximately €7.2 million for 1,203,051 Placing Shares in the Placing, which increases its shareholding in the Company to 8,396,613 ordinary shares (and maintains its percentage shareholding in the issued share capital of the Company at 13.4 per cent.).\nLenuta Ltd, a company whose ultimate beneficial owner is Mr Dimitris Raptis (Deputy CEO and Chief Investment Officer of the Company), has subscribed €195,000 for 32,500 Placing Shares in the Placing.  Mr Raptis' beneficial interest totals 193,348 Ordinary Shares in the Company, representing approximately 0.3 per cent. of the issued share capital as enlarged pursuant to the Placing.\nThe level of participation in the Placing by York constitutes a related party transaction for the purposes of Rule 13 of the AIM Rules for Companies.  The Directors (other than Akbar Rafiq, a Director appointed by Yor...

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