Proposed Placing and GPRE Exchange

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 3611V Globalworth Real Estate Inv Ltd 08 April 2019  \n\n8 April 2019\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, AN OFFER FOR SALE OR SUBSCRIPTION OF, OR SOLICITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR, ANY SECURITIES, IN ANY JURISDICTION, INCLUDING THE UNITED STATES, NOR SHALL IT, OR ANY PART OF IT, OR THE FACT OF ITS DISTRIBUTION, FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY CONTRACT OR INVESTMENT DECISION WHATSOEVER, IN ANY JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION REGARDING ANY SECURITIES.\n \nThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.\n \nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or the \"Company\")\nProposed Placing and GPRE Exchange\nFurther to the announcements on 11 March and 13 March 2019, the Board of Globalworth (AIM: GWI) today announces Globalworth's intention to issue up to €500 million of additional equity capital pursuant to:\n(i)   a proposed equity fundraising to raise up to €347.6 million through a non-pre-emptive placing (the \"Placing\") of up to 38,201,512 new ordinary shares (the \"Placing Shares\") at a price per Placing Share of €9.10 (the \"Placing Price\"); and\n \n(ii)  an agreement between Globalworth and Growthpoint Properties International Proprietary Limited (\"Growthpoint\") for Globalworth to acquire Growthpoint's entire holding of 95,541,401 shares in Globalworth Poland Real Estate N.V. (\"GPRE\") at a price of €1.60 per GPRE share, by issuing up to 16,798,488 new Globalworth ordinary shares to Growthpoint at a price of €9.10 per new ordinary share (the \"GPRE Exchange\").\n...

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