GROWTHPOINT PROPERTIES LIMITED - Cash Offer for Globalworth Real Estate Investments Limited (Gwi) and Cautionary Announcement
Cash Offer for Globalworth Real Estate Investments Limited (Gwi) and Cautionary Announcement
Growthpoint Properties Limited
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
Registration number 1987/004988/06
ISIN: ZAE000179420
JSE Share code: GRT
("Growthpoint”)
CASH OFFER FOR GLOBALWORTH REAL ESTATE INVESTMENTS LIMITED (GWI) AND CAUTIONARY
ANNOUNCEMENT
GWI is a listed real estate company active in Central and Eastern Europe (CEE)
and quoted on the AIM-segment of the London Stock Exchange (LSE). Growthpoint
holds 65 238 742 shares representing a 29.5% interest in GWI.
Earlier today, Aroundtown SA (the 'Company' or 'AT'), together with CPI Property
Group SA ('CPIPG') (together the ‘Consortium’), announced the terms of a cash
offer for Globalworth Real Estate Investments Limited ("Globalworth"). The
Consortium, which holds over 50% of the issued share capital of Globalworth, is
seeking to further increase its joint ownership through an offer to Globalworth
shareholders to acquire their shares at a price of €7.0 in cash for each tendered
Globalworth share that the Consortium does not already own.
Should Growthpoint decide to accept the offer, based on the price offered and
the exchange rate (rand versus euro), the deal value will amount to circa R7.9bn
equivalent to 17.64% of Growthpoint’s current market capitalisation.
Shareholders are therefore advised to exercise caution when dealing in
Growthpoint securities until a further announcement is made.
More information is available on the Globalworth website at www.globalworth.com
and
https://www.investegate.co.uk/globalworth-real-est--gwi-/rns/statement-re-
offer/202104140850014259V/
https://www.investegate.co.uk/cpi-property-group--o5g-/rns/cash-offer-for-globalworth-real-estate-
investments/202104140700093794V/
Sandton
14 April 2021
Sponsor: Investec Bank Limited
Date: 14-04-2021 12:49:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
