Publication of Response Circular The Independent Committee of the Globalworth Board announces today that it is publishing its response circular (the Response Circular ) in connection with the unsolicited cash offer by CPI Property Group S.A. and Aroundtown SA at €7.00 per Globalworth Share (the Offer ). The Independent Committee continues to believe that the Offer significantly undervalues Globalworth, its assets and its prospects. A letter from the Chairman of the Board, and on behalf of the Independent Committee, as set out in the Response Circular has been extracted in full below. The full Response Circular is available to view at https://www.globalworth.com/investor-relations/offer-for-globalworth
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
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ZAKIONO ENTERPRISES LIMITED · CPI Property Group S.A. ( CPI ) and Aroundtown SA ( Aroundtown , together with CPI, the Consortium ) announce the terms of a cash offer pursuant to which Zakiono Enterprises Limited ( Zakiono ) shall offer to acquire the entire issued and to be issued share capital (not already held, or agreed to be acquired, by Zakiono) of Globalworth Real Estate Investments Limited ( Globalworth ) (the Offer ). · Under the terms of the Offer, which will be subject to the Conditions and certain further terms set out in Appendix 1 to this announcement and to the full terms and conditions which will be set out in the Offer Document, Globalworth Shareholders will be entitled to receive:
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Ashurst advises on €774 million cash offer for Globalworth Real Estate Investments Limited
Global law firm Ashurst is advising Barclays Bank plc and Citigroup Global Markets Europe AG on the €774 million cash offer for Globalworth Real Estate Investments Limited, announced today by CPI Property Group SA and Aroundtown SA.
Globalworth is a Guernsey incorporated real estate company listed on AIM, and acquires, develops and manages commercial real estate assets, primarily in the office sector with a primary focus on Poland and Romania, the two largest markets in Central and Eastern Europe. Globalworth is managed by approximately 226 professionals across Cyprus, Guernsey, Romania and Poland and has an overall real estate portfolio valued at approximately €3.0 billion as at 31 December 2020.