Global Ports Holding Plc
Exercise of
Warrants
Global Ports Holding Plc ("GPH" or
"Group"), the world's largest independent cruise port operator, has
received notification of the exercise in full of warrants held by
Sixth Street Capital Partners LLC (“Sixth Street”), over an
aggregate 8,395,118 new Ordinary shares of £0.01 each (“Ordinary
Shares”) in the Company at an exercise price of 1 pence per
ordinary share.
The Company issued Sixth Street
with the initial warrants as part of the refinancing announced on
the 24 May 2021 and further warrants as part of the ‘Adjustment
Event’ announced on the 14 July 2023. The Warrant Shares will be issued under
authorities granted at the Company’s June 2021 General Meeting and
2023 Annual General Meeting to issue those shares required to be
allotted upon the exercise of the Warrants.
Application will be made for the
New Ordinary Shares to be admitted to the standard listing segment
of the Official List of the Financial Conduct Authority (“FCA”) and
to trading on the main market for listed securities of the London
Stock Exchange plc. It is expected that admission of the New
Ordinary Shares (“Admission”) will take place at or around 8.00
a.m. (London time) on or around 28 March 2024 (or such later date
or time as the Company may decide).
Following Admission, the Company’s
issued share capital admitted to trading will consist of 76,433,126
ordinary shares of GBP 0.01 each. This figure may be used by
shareholders (and others with notification obligations) as the
denominator for the calculations by which they will determine
whether they are required to notify their interest in, or a change
to their interest in, GPH under the FCA’s Disclosure Guidance and
Transparency Rules.
CONTACT
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For investor, analyst and
financial media enquiries:
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For media enquiries:
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Global Ports
Holding, Investor Relations
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Global Ports
Holding
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Martin Brown
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Ceylan
Erzi
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Telephone: +44 (0) 7947 163
687
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Telephone: +90 212
244 44 40
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Email:
martinb@globalportsholding.com
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Email:
ceylane@globalportsholding.com
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