Delisting and Cancellation of Trading

Global Ports Holding PLC (GPH) Delisting and Cancellation of Trading 09-Aug-2024 / 08:00 GMT/BST NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE.

 

9 August 2024 

Global Ports Holding PLC

DELISTING AND CANCELLATION OF TRADING

Reference is made to the announcement made by Global Ports Holding Plc (the “Company”) on 11 July 2024 of the Company’s intention to (i) cancel the listing of the Company’s shares (ISIN: GB00BD2ZT390) (the “Shares”) on the standard listing segment of the Official List of the Financial Conduct Authority (“FCA”); and (ii) cancel the admission to trading of the Company’s Shares on the main market for listed securities of the London Stock Exchange (“LSE”) (the “Delisting Announcement”).

Further to the Delisting Announcement, the Company announces that the LSE has cancelled the admission to trading of the Company’s Shares on the main market for listed securities and the FCA has cancelled the listing of the Company’s Shares on the standard listing segment of the Official List, in each case with effect from 8:00am (British Summer Time) today, 9 August 2023.

Shareholders of the Company are reminded that the offer by Global Ports Holding B.V. (“Bidco”) (a wholly-owned subsidiary of Global Yatırım Holding A.Ş (“GIH”)) for the entire issued and to be issued share capital of the Company (excluding any shares in the Company already held by Bidco or GIH) shall remain open until 1.00 p.m. (British Summer Time) today.

Implications of Delisting

As set out in the Delisting Announcement, the Company notes that, from 8:00 am today, shareholders in the Company who do not accept the Offer will own shares in a company not admitted to trading, with reduced liquidity and no readily available market price, with a majority shareholder able to exercise significant influence. As a result, it shall be more difficult to buy and sell shares in the Company and, as such, the value of the Shares may be affected as a consequence. As majority shareholders, GIH and Bidco will continue to be in a position to determine, for example, the composition of the board of directors of the Company and management team, the overall strategy of the Company’s group, and the dividend policy or cessation of any dividends.