Globalworth Real Estate Inv Ltd Notification of Major Interest in Shares (5517S)
22 December 2016 - 6:00PM
UK Regulatory
TIDMGWI
RNS Number : 5517S
Globalworth Real Estate Inv Ltd
22 December 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Globalworth Real Estate
the underlying issuer of existing Investments Limited
shares to which voting rights
are attached: (ii)
------------------------------------------------------- -----------------------------------------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
--------------------------------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights
--------------------------------------------------------------- ---------------------------------------------------------
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
--------------------------------------------------------------- ---------------------------------------------------------
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
--------------------------------------------------------------- ---------------------------------------------------------
An event changing the breakdown of voting rights x
--------------------------------------------------------------- ---------------------------------------------------------
Other (please
specify):
------------------------------------------------------ ------- ---------------------------------------------------------
3. Full name of person(s) York Capital Management Global Advisors, LLC
subject to the
notification obligation:
(iii)
------------------------------------------------------- -----------------------------------------------------------------
4. Full name of shareholder(s) York Global Finance Offshore BDH (Luxembourg) S.á.r.l.
(if different from 3.):(iv)
------------------------------------------------------- -----------------------------------------------------------------
5. Date of the transaction 20 December 2016
and date on
which the threshold is
crossed or
reached: (v)
------------------------------------------------------- -----------------------------------------------------------------
6. Date on which issuer 21 December 2016
notified:
------------------------------------------------------- -----------------------------------------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 26%
------------------------------------------------------- -----------------------------------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- ----------------------------------- ------------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
------------- ---------------- ----------------- -------------- ----------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------ ------------- -------------- --------- ------------ ------------ -----------
GG00B979FD04 16,770,113 16,770,113 16,770,113 0 16,770,113 0 18.55%
---------------- ----------------- -------------- --------- ------------ ------------ -----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
----------------- -------------- --------------------------------- ------------------------- ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- -------------- --------------- ---------------- ------------------------- -----------------------
Nominal Delta
--------------- -------------- --------------- ---------------- ------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
---------------------------------------------------- ----------------------------------------------------------------
16,770,113 18.55%
---------------------------------------------------- ----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
--------------------------------------------------------------------------------------
York Capital Management Global Advisors, LLC is the manager
of, and controls the voting rights (if any) held by York
European Strategic Investors Holdings Fund, L.P., York
European Opportunities Investments Master Fund, L.P.,
York European Focus Master Fund, L.P., York European Distressed
Credit Fund, L.P., York Credit Opportunities Fund, L.P.,
York Credit Opportunities Investments Master Fund, L.P.,
York Capital Management, L.P. and York Multi-Strategy
Master Fund, L.P.
Proxy Voting:
--------------------------------------------------------------------------------------
10. Name of the proxy holder:
-------------------------------------------------------------------- ----------------
11. Number of voting rights proxy
holder will cease
to hold:
-------------------------------------------------------------------- ----------------
12. Date on which proxy holder will
cease to hold
voting rights:
-------------------------------------------------------------------- ----------------
13. Additional information:
-------------------------------------------------------------------- ----------------
14. Contact name: Mark Schein
-------------------------------------------------------------------- ----------------
15. Contact telephone number: +1 212 300 1300
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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