EGM Results

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 2347S Globalworth Real Estate Inv Ltd 19 December 2016  \n\n                                               \nNOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR PUBLICATION, RELEASE OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNIED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS.\n \nTHE DISTRIBUTION OF THIS ANNOUNCEMENT IN OR INTO JURISDICTIONS OTHER THAN THE UNITED KINGDOM MAY BE RESTRICTED BY LOCAL LAW AND THEREFORE PERSONS INTO WHOSE POSSESSION THIS DOCUMENT COMES SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH ANY SUCH RESTRICTIONS MAY CONTSTITUTE A VIOLATION OF THE SECURITIES LAWS OR REGULATIONS OF SUCH JURISDICTIONS.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n19 December 2016\nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\")\nSubscription update\nGlobalworth EGM Results\nOn 1 December 2016, the Board of Globalworth announced (\"Announcement\") it had agreed with Growthpoint Properties Limited (\"GRT\") and certain funds and/or accounts managed by Oak Hill Advisors (Europe) LLP and its affiliates (\"Oak Hill\") the terms upon which GRT (through its wholly owned subsidiary Growthpoint Properties International Proprietary Limited) will conditionally subscribe for 23,300,000 and Oak Hill will conditionally subscribe for 1,700,000 Shares respectively (together the \"Subscription Shares\") in each case at an amount of €8 per Subscription Share to raise €200 million before expenses (the \"Subscription\").\nThe Subscription was conditional on: (i) the passing of the required Globalworth shareholder resolutions (the \"Resolutions\"); (ii) approval from the Financial Surveillance Department of the South African Reserve Bank (\"SARB Approval\"); and (iii) admission of the Subscription Shares and the first tranche of the Fee Shares to trading on AIM becoming effective in accordance with the AIM Rul...

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