GROWTHPOINT PROPERTIES LIMITED - Update on Firm Intention to make a Cash Offer for Globalworth and Further Cautionary Announcement
Update on Firm Intention to make a Cash Offer for Globalworth and Further 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”)
UPDATE ON FIRM INTENTION TO MAKE A CASH OFFER FOR GLOBALWORTH REAL ESTATE INVESTMENTS
LIMITED (“Globalworth” or the “Company”) (the “Offer”) AND FURTHER CAUTIONARY ANNOUNCEMENT
Growthpoint shareholders are referred to the RNS announcement published by Globalworth earlier today.
In the Globalworth announcement the Independent Committee of the Board of Globalworth, appointed to
consider the Offer by Aroundtown S.A. and CPI Property Group S.A., concluded that the Offer significantly
undervalues the Company, its assets and its prospects. The Growthpoint Board hereby advise that they
agree with the assessment of value by the Globalworth Independent Committee.
Growthpoint Shareholders are advised to continue to exercise caution when dealing in Growthpoint
securities until a further announcement is made.
Sandton
26 April 2021
Sponsor: Investec Bank Limited
Date: 26-04-2021 11:05:00
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