Update on Firm Intention to make a Cash Offer for Globalworth and Further Cautionary Announcement - GRTI
Update on Firm Intention to make a Cash Offer for Globalworth and Further Cautionary Announcement - GRTI
GROWTHPOINT PROPERTIES LIMITED
(Incorporated with limited liability in the Republic of South Africa under registration number 1987/004988/06)
(Bond issuer code: GRTI)
(“Growthpoint” or the “company”)
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
Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)
Date: 26-04-2021 12:29:00
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