Global Ports Holding PLC PARTIAL EXERCISE OF THE OVER-ALLOTMENT OPTION (7320H)
10 June 2017 - 2:38AM
UK Regulatory
TIDMGPH
RNS Number : 7320H
Global Ports Holding PLC
09 June 2017
Not for distribution, directly or indirectly, in or into the
United States or any jurisdiction in which such distribution would
be unlawful.
PARTIAL EXERCISE OF THE OVER-ALLOTMENT OPTION
Further to its announcements on 19 April 2017, 2 May 2017 and 12
May 2017 relating to the initial public offering of its Ordinary
Shares (the "Offer"), Global Ports Holding PLC (the "Company") is
pleased to announce that Barclays Capital Securities Limited, an
affiliate of Barclays Bank PLC, (the "Stabilising Manager") has
partially exercised the over-allotment option set out in the
Prospectus (the "Over-Allotment Option"). As a result of the
partial exercise of the Over-Allotment Option Global Ports Holdings
B.V. (as the Over-Allotment Option Shareholder) will sell a further
724,553 Ordinary Shares at the offer price of 740 per share to the
Stabilising Manager.
Including the exercise of the Over-Allotment Option the size of
the Offer was 21,596,455 in total. The exercise of the
Over-Allotment Option does not impact the total number of Ordinary
Shares of the Company currently in issue.
For further information, please contact:
Phil Shelley
Vice Chairman
Barclays Bank
PLC
Tel:+44 (0)
20 3134 1475
Phil.Shelley@barclays.com
For media enquiries:
Brunswick Group
LLP
Azadeh Varzi
Imran Jina
GPH@brunswickgroup.com
+44 (0) 20 7404
5959
This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Issuer in any
jurisdiction.
This announcement is not an offer of securities for sale into
the United States. The securities have not been, and will not be,
registered under the United States Securities Act of 1933, as
amended (the 'Securities Act'), or under the securities laws of any
state or other jurisdiction of the United States. Accordingly, the
securities referred to herein may not be offered, sold, taken up,
exercised, resold, renounced, transferred or delivered, directly or
indirectly, in or into, the United States absent registration
under, or pursuant to an exemption from, the registration
requirements of the Securities Act and in compliance with any
relevant state securities laws. There will be no public offer of
securities in the United States.
Barclays is authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and Prudential
Regulation Authority, is acting for the Issuer only in connection
with the offer and will not be responsible to anyone other than the
Issuer for providing the protections offered to clients of
Barclays, nor for providing advice in relation to the offer or any
matters referred to in this communication.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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