Subscription to raise Eur200m at Eur8 per share

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 7286Q Globalworth Real Estate Inv Ltd 01 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 UNITED 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 DOCUMENT 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\nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\")\nSubscription to raise €200m at €8 per share\nSummary highlights\nThe Board of Globalworth is pleased to announce it has 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\"). In connection with the Subscription, the Company has agreed to the Proposals (as defined below), which require Shareholders' approval, summarised below and described in detail in the Circular (as defined below) to be published by the Company. Terms not otherwise defined in this announcement shall have the meanings given to them in the Circular.\n·     The issue price for the Subscription Shares repr...

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