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globalworthTM Globalworth Real Estate Investments Limited ADMISSION DOCUMENT Placing of 7,618,703 Ordinary Shares and Founder Admission Subscription of 3,000,000 Ordinary Shares at Euro 5.00 per Ordinary Share and Admission to trading on AIM 228884 Bucharest Cover Spread v2.indd 1-3 24/07/2013 23:08 BOC Office Building City Offices Bucharest One Tower Center International BOB Office Building Upground Towers 228884 Bucharest Cover Spread v2.indd 4-6 24/07/2013 23:08 THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the contents of this document and/or the action you should take, you should immediately consult your stockbroker, bank manager, solicitor, accountant, legal or professional adviser or other independent financial adviser duly authorised under the Financial Services and Markets Act 2000 (as amended, “FSMA”) if you are in the United Kingdom or, if not, you should immediately consult another appropriately authorised independent financial adviser. This document, which comprises an AIM admission document, has been drawn up in accordance with the AIM Rules for Companies. This document does not contain an offer of transferable securities to the public within the meaning of Section 85 of FSMA and is not a Prospectus for the purposes of the Prospectus Rules made under section 73A of FSMA. Accordingly, this document has not been prepared in accordance with the Prospectus Rules, nor has it been approved by the Financial Conduct Authority (the “FCA”) pursuant to Section 85 of FSMA and a copy has not been delivered to the FCA under regulation 3.2 of the Prospectus Rules. Application has been made for all of the Ordinary Shares, issued and to be issued, to be admitted to trading on the AIM market of London Stock Exchange plc (“AIM”). The AIM Rules for Companies are less demanding than those of the Official List of the United Kingdom Listing Authority. Investing in the Ordinary Shares involves risks. This whole document should be read and, in particular, your attention is drawn to the Risk Factors set out in Part I of this document, which lists risks that should be taken into account in considering whether to acquire Ordinary Shares. AIM is a market designed primarily for emerging or smaller companies to which a higher investment risk tends to be attached than to larger or more established companies. AIM securities are not admitted to the Official List of the United Kingdom Listing Authority (“UKLA”). A prospective investor should be aware of the risks of investing in such companies and should make the decision to invest only after careful consideration and, if appropriate, consultation with an independent financial adviser. Each AIM company is required pursuant to the AIM Rules for Companies to have a nominated adviser. The nominated adviser is required to make a declaration to the London Stock Exchange on admission in the form set out in Schedule Two to the AIM Rules for Nominated Advisers. Neither the UKLA nor the London Stock Exchange has examined or approved the contents of this document. It is expected that admission to AIM will become effective, and that dealings in the Ordinary Shares will commence, on 25 July 2013. The Directors, whose names appear on page 9 of this document, accept responsibility for the information contained in this document, including individual and collective responsibility for compliance with the AIM Rules. To the best of the knowledge and belief of the Directors (each of whom has taken all reasonable care to ensure that such is the case), the information contained in this document is in accordance with the facts and contains no omission likely to affect its import. Globalworth Real Estate Investments Limited (a company incorporated in Guernsey with registered number 56250 and registered in Guernsey as a registered closed-ended collective investment scheme) Placing of 7,618,703 Ordinary Shares and Founder Admission Subscription of 3,000,000 Ordinary Shares at Euro 5.00 per Ordinary Share and Admission to trading on AIM Joint Broker Nominated Adviser, Joint Broker and Joint UK Placing Agent and Joint UK Placing Agent Israel Placing Agent Placing Agent CANTOR PANMURE ROSARIO SUNRISE FITZGERALD GORDON UNDERWRITING SECURITIES EUROPE (UK) LIMITED SERVICES (A.S.) LTD CORP. Expected share capital following Admission Issued and fully paid Number of Ordinary Shares Amount paid up 10,718,703 Euro 53,593,515 The Company is a registered closed-ended collective investment scheme pursuant to the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, and The Registered Collective Investment Scheme Rules 2008 issued by the Guernsey Financial Services Commission (the “GFSC”). The GFSC, in granting registration, has not reviewed this document but has relied upon specific warranties provided by the Company’s Guernsey-licensed Administrator. Neither the GFSC nor the States of Guernsey Policy Council takes any responsibility for the financial soundness of the THIS DOCUMENT IS NOT FOR RELEASE IN THE UNITED STATES UNLESS ACCOMPANIED BY THE US PRIVATE PLACEMENT MEMORANDUM EXCEPT AS DETAILED BELOW TO APPROVED US PRIVATE PLACEMENT OFFEREES. Company or for the correctness of any of the statements made or opinions expressed with regard to it. Investors should be aware that prices of shares, and the income derived from shares, can go down as well as up. Panmure Gordon (UK) Limited (“Panmure Gordon”), which is regulated by the FCA and is a member of the London Stock Exchange, is acting as nominated adviser, joint broker and joint UK placing agent exclusively for the Company in connection with the Placing and Admission. Its responsibilities as the Company’s nominated adviser under the AIM Rules for Nominated Advisers are owed solely to the London Stock Exchange and are not owed to the Company or to any Director or any other person in respect of that person’s decision to acquire Ordinary Shares in the Company in reliance on any part of this document. No representation or warranty, express or implied, is made by Panmure Gordon as to any of the contents of this document for which the Directors of the Company are responsible (without limiting the statutory rights of any person to whom this document is issued). Panmure Gordon will not be offering advice and will not otherwise be responsible for providing customer protections to recipients of this document in respect of the Placing or any acquisition of shares in the Company. Panmure Gordon has not authorised the contents of, or any part of, this document and no liability whatsoever is accepted by Panmure Gordon for the accuracy of any information or opinions contained in this document or for the omission of any material information. Cantor Fitzgerald Europe (“Cantor Fitzgerald”), which is regulated by the FCA and is a member of the London Stock Exchange, is acting as joint broker and joint UK placing agent exclusively for the Company in connection with the Placing and Admission. No representation or warranty, express or implied, is made by Cantor Fitzgerald as to any of the contents of this document for which the Directors of the Company are responsible (without limiting the statutory rights of any person to whom this document is issued). Cantor Fitzgerald will not be offering advice and will not otherwise be responsible for providing customer protections to recipients of this document in respect of the Placing or any acquisition of shares in the Company. Cantor Fitzgerald has not authorised the contents of, or any part of, this document and no liability whatsoever is accepted by Cantor Fitzgerald for the accuracy of any information or opinions contained in this document or for the omission of any material information. Rosario Underwriting Services (A.S.) Ltd (“Rosario”), which is regulated by the Israel Securities Authority, is acting as Israel placing agent exclusively for the Company in connection with the Admission. No representation or warranty, express or implied, is made by Rosario as to any of the contents of this document for which the Directors of the Company are responsible (without limiting the statutory rights of any person to whom this document is issued). Rosario will not be offering advice and will not otherwise be responsible for providing customer protections to recipients of this document in respect of the Placing or any acquisition of shares in the Company. Rosario has not authorised the contents of, or any part of, this document, and no liability whatsoever is accepted by Rosario for the accuracy of any information or opinions contained in this document or for the omission of any material information. Sunrise Securities Corp. (“Sunrise” and, together with Panmure Gordon, Cantor Fitzgerald and Rosario, the “Managers”), which is a member in the United States of America of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation, and is subject to the regulatory authority in the U.S. of the Securities and Exchange Commission, is acting as global coordinator exclusively for the Company in connection with the Placing and Admission and, separately, is overseeing certain private offering matters for the Company within the United States which are wholly distinct from the Placing of the Ordinary Shares outside of the United States. No representation or warranty, express or implied, is made by Sunrise as to any of the contents of this document for which the Directors of the Company are responsible (without limiting the statutory rights of any person to whom this document is issued). Sunrise hereby brings to each potential investor’s attention that an employee of Sunrise is presently serving as a Director of the Company (in his individual capacity and not as a representative of Sunrise). Sunrise will not be offering advice and will not otherwise be responsible for providing customer protections to recipients of this document in respect of the Placing or any acquisition of shares in the Company.