Globalworth Real Estate Inv Ltd Holding(s) in Company (2969E)
July 06 2021 - 2:11AM
UK Regulatory
TIDMGWI
RNS Number : 2969E
Globalworth Real Estate Inv Ltd
06 July 2021
TR-1: S tandard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible) (i)
1a. Identity of the issuer or the Globalworth Real Estate Investments
underlying issuer of existing shares Limited
to which voting rights are attached
(ii) :
---------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer X
------------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
------------------
An acquisition or disposal of financial instruments
------------------
An event changing the breakdown of voting rights
------------------
Other (please specify) (iii) :
------------------
3. Details of person subject to the notification obligation (iv)
Name CPI Property Group S.A.
City and country of registered office Luxembourg, Luxembourg
(if applicable)
4. Full name of shareholder(s) (if different from 3.) (v)
Name Tevat Limited
Zakiono Enterprises Limited
---------------------------------------------------------
City and country of registered office Republic of Cyprus
(if applicable) Republic of Cyprus
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5. Date on which the threshold was 01/07/2021
crossed or reached (vi) :
---------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 05/07/2021
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7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) held in issuer
of 8. A) (total of 8.B (8.A + 8.B)
1 + 8.B 2) (vii)
----------------------- ------------------- ---------------- ------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 0% 0% 0% 0
----------------------- ------------------- ---------------- ------------------
Position of
previous notification
(if
applicable) 29.51% 1.28% 30.79%
----------------------- ------------------- ---------------- ------------------
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares (ix)
ISIN code (if
possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
---------------------
SUBTOTAL 8. A
------------------------------------------------- ----------------------------------------
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (x) Conversion Period rights that may rights
(xi) be acquired if
the instrument
is
exercised/converted.
------------------------ --------------------- ------------------------ ----------------
SUBTOTAL 8. B 1
--------------------- ------------------------ ----------------
B 2: Financial Instruments with similar economic effect according to
DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical or Number of % of voting
instrument date (x) Conversion cash voting rights rights
Period (xi) Settlement
(xii)
----------- ------------- --------------- ---------------
SUBTOTAL 8.B.2
--------------- ---------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights X
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional
rows as necessary) (xiv)
Name (xv) % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
--------------------------- ------------------------- ------------------------
See 11. additional
information
--------------------------- ------------------------- ------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
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The number and % of voting rights
held
---------------------------------------------------
The date until which the voting rights
will be held
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11. Additional information (xvi)
On 1 July 2021, Hilardo Limited transferred 21.99% of the shares in the
issuer to Tevat Limited.
In consideration for the transfer, on 2 July 2021, Hilardo Limited was
issued 500 Ordinary Shares and 48,629,464 Redeemable Preference Shares
in Tevat Limited pursuant to the Amended and Restated Deed of Subscription
and Gift dated 24 June 2021 between CPI Property Group S.A., Aroundtown
SA, Aroundtown Real Estate Limited, Hilardo Limited, Tevat Limited and
Zakiono Enterprises Limited. As a result, Aroundtown SA through its indirect
subsidiary, Hilardo Limited, and CPI Property Group S.A. each hold 50
per cent. of the voting rights of Tevat Limited.
Therefore CPI Property Group S.A. no longer meets the requirements to
be deemed a "parent undertaking" under the terms of DTR5. As such, while
CPI Property Group S.A. has not disposed of any of its shares or voting
rights in Globalworth Real Estate Investments Limited, for the purposes
of the Disclosure and Transparency Rules it is no longer considered to
hold any voting rights in Globalworth Real Estate Investments Limited
and is providing this notification accordingly.
Mr. Radovan Vitek in turn holds 7,497,002,824 shares of CPI Property
Group S.A., representing 93.59% of CPI Property Group S.A.'s shareholding.
Place of completion Luxembourg
Date of completion 05/07/2021
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