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Global Ports Holding IPO sets sail

4 May 2017

NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR IN ANY OTHER TERRITORY WHERE TO DO SO WOULD BREACH APPLICABLE LAWS OR REGULATIONS. Applications to buy shares in cruise port operator Global Ports Holding plc, the world’s largest independent cruise port operator by number of passengers and ports, are now open.

The organisation, which is also a commercial port operator specialising in container, bulk and general cargo handling, announced its intention to float on 19th April 2017.

Global Ports Holding plc provides key infrastructure and services to the cruise industry, serving 7.8 million passengers annually across 14 ports, including Venice, Dubrovnik and Barcelona, across eight countries. The operator plans to use the majority of the proceeds from the share offer to develop and acquire new ports, in order to drive growth. 

The indicative price range for the Share Offer has been set at between 735p and 875p per share. The price range is indicative only, it may change during the course of the Share Offer and the Offer price may be set within, above or below the price range.

The Board of Global Ports Holding plc expects to pay a minimum dividend of US$25m in 2017, which is expected to grow in line with earnings. The split between the interim dividend and final dividend will be 50/50 and the Board intends to pay an interim dividend in September 2017. 

Redmayne-Bentley is acting as an authorised intermediary and will be paid 0.75 per cent by the issuer of the amount successfully applied for.

Details of the Offer

 

  • The minimum investment is £1,000; higher amounts must be in multiples of £100.
  • This Share Offer is restricted to applicants resident in the United Kingdom.
  • Information related to this Share Offer must not be forwarded on to any person outside of the United Kingdom. 
  • No commission or ‘settlement and compliance charge’ will be levied on applications made in the share offer. However, following the Offer, our usual Share Dealing charges will apply. Stamp duty will not be applicable.
  • Only one application per individual.
  • All applicants must be over 18 years of age, though applications can be made on behalf of minors.
  • You can apply for shares within a NomineeISAJISA or SIPP. The current annual allowance for an ISA is £20,000. If you don’t have one of these accounts with Redmayne-Bentley we will require you to complete and sign a hard copy Nominee Agreement Form before we can release monies and/or stock to you. This form can be obtained via the 'Getting Started' section of our Forms and Downloads page.

 

Applications close: 12pm, Thursday 11th May* – may close at short notice.

* Please note, high demand may lead to the closing date of this issue being brought forward and applications may be scaled back or declined. If the Offer is scaled back Redmayne-Bentley will, as a minimum, publish the allocation policy used on www.redmayne.co.uk/globalports shortly after it becomes available.

 

Any application to participate in the Share Offer can and will only be made on the basis of the Prospectus, which is available at www.redmayne.co.uk/globalports.

Redmayne-Bentley’s Terms and Conditions for this Offer should be read in conjunction with Redmayne-Bentley's general Terms and Conditions.

Please remember that investments and income arising from them can fall as well as rise in value and you may lose some or all of the amount you have invested. 

Please note that this communication is for information only and does not constitute a recommendation to participate in this Offer. This investment may not be suitable for all private investors; before taking any action based upon this information, you should consult your local Redmayne-Bentley branch, call 0113 200 6560 to discuss further or contact an independent adviser for further details. 

If you would like to be kept informed please register your interest for our IPOs and New Issues Mailing List or alternatively contact your usual Redmayne-Bentley representative or find your local Redmayne-Bentley branch.

 

This announcement has been published by and is the sole responsibility of Redmayne-Bentley LLP.

The information contained in this announcement must not be transmitted or otherwise sent to any person in the United States, Canada, Australia, Japan or any other territory where to do so would breach applicable laws or regulations. None of Redmayne-Bentley LLP or Global Ports Holding plc (the “Company”) accept any responsibility for any contravention of applicable securities laws and regulations by persons as a result of false information provided by such persons.

This announcement is an advertisement and not a prospectus. Investors should not purchase any securities referred to in this announcement except on the basis of information contained in the final prospectus. Copies of the prospectus are available, free of charge, from the Company’s registered office.

This announcement has been prepared and is the sole responsibility of Redmayne-Bentley of 9 Bond Court, Leeds, LS1 2JZ, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.

This announcement is not an offer of securities for sale in the United States. The securities to which this announcement relates have not been registered under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There will be no public offering of the securities in the United States.

No offer or invitation to purchase securities in any jurisdiction is being made by the Company and, to the fullest extent permitted by law, the Company disclaims any liability or responsibility to actual or potential investors who invest in securities of the Company pursuant to the offer by the Company.

Contact:
Ruth Peterson
PR Executive
Email: ruth.peterson@redmayne.co.uk
Tel: 0113 200 6476

Branch: Leeds (Head Office)

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