DJ Issue of new Ordinary Shares under the LTIP
Global Ports Holding PLC (GPH)
Issue of new Ordinary Shares under the LTIP
18-Jul-2024 / 15:11 GMT/BST
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For immediate release
18 JULY 2024
Global Ports Holding PLC
("GPH" or the "Company")
Issue of new Ordinary Shares under the LTIP
On 11 July 2024, Global Yatirim Holding A.S ('GIH') announced an unconditional cash offer (the "Offer") of USD 4.02 per
ordinary share for the entire issued and to be issued share capital of the Company (excluding any shares in the Company
already held by GIH or Global Ports Holding B.V. ('GPH BV', GIH's wholly-owned subsidiary and the Company's largest and
controlling shareholder).
Having regard to the Offer, the Company's board of Directors ('Board') resolved that all unvested share-based incentive
awards allocated to below-Board employees should vest immediately in accordance with the terms of the long-term
incentive share plan ('LTIP'), and the underlying shares should be issued without a holding period to provide the
recipients with the opportunity to sell them into the Offer.
Accordingly, GPH today announces the issue of 636,500 new ordinary shares of GBP0.01 each (the "LTIP Shares") in the
capital of the Company at an issue price equal to nominal value per the terms of the LTIP.
The table below sets out PDMR participation which is part of the total LTIP Shares issuance. The notification of
Dealing Forms for each PDMR can be found at the end of this announcement.
Number of Shares to be acquired
PDMR
under LTIP
Ece Gürsoy 90,000
Jan Fomferra 90,000
Stephen Xuereb 80,000
Javier Rodriguez 55,000
Michael John Maura 47,0001
Aziz Güngör 37,000
1 Mr. Maura will also acquire 4,200 ordinary shares issued in August 2023 and currently held by the LTIP trustee, bringing the total number of shares being acquired by him to 51,200.
Applications will be made for the LTIP Shares to be admitted to the standard listing segment of the Official List of the Financial Conduct Authority ("FCA") and to trading on the main market for listed securities of the London Stock Exchange plc. It is expected that admission of the LTIP Shares ("Admission") will take place at or around 8.00 a.m. (London time) on or around 24 July 2024 (or such later date or time as the Company may decide).
Following Admission, the Company will have 77,069,626 ordinary shares of GBP0.01 each in issue, of which the LTIP Shares, together with 66,600 shares issued under the LTIP in August 2023, will add up to a total of 703,100 shares and represent approximately 0.91% of the Company's outstanding share capital. GPH does not hold any ordinary shares in treasury and therefore the total number of ordinary shares in the Company with voting rights will be 77,069,626. This figure may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, GPH under the FCA's Disclosure Guidance and Transparency Rules.
Rule 2.9 Disclosure
In accordance with Rule 2.9 of the Code, Global Ports Holding PLC confirms that, following Admission, it has in issue 77,069,626 ordinary shares of 1 penny each. Global Ports Holding PLC does not hold any ordinary shares in treasury. The International Securities Identification Number ("ISIN") number of the ordinary shares is GB00BD2ZT390.
--
-- The person responsible for releasing this announcement is Alison Chilcott, Company Secretary
-- For further information:
-- Global Ports Holding PLC Tel: 020 3911 2315
-- Alison Chilcott, Company Secretary
-- Martin Brown, Investor Relations Director
-- Website: www.globalportsholding.com/investors/
This notification is made in accordance with the requirements of the UK Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities
(a) Name Ece Gürsoy
2 Reason for the notification
(a) Position/status Chief Legal Officer of GPH
(b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
(a) Name Global Ports Holding PLC
(b) LEI 213800BMNG6351VR5X06
Details of the transaction(s): section to be repeated for (i) each type of
4 instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
Ordinary shares of GBP0.01 each
Description of the financial instrument, type
of instrument
(a)
Identification code
ISIN: GB00BD2ZT390
Acquisition of 90,000 new ordinary
(b) Nature of the transaction shares of GBP0.01 each awarded under
the LTIP
Prices(s) Volume(s)
GBP0.01 per 90,000 ordinary
(c) Price(s) and volume(s) share shares
(d) Aggregated Information, Aggregated volume, N/A
Prices
(e) Date of the transaction 13 July 2024 (UK timezone)
(f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities
(a) Name Jan Fomferra
2 Reason for the notification
(a) Position/status Chief Financial Officer of GPH
(b) Initial notification / Initial
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
(a) Name Global Ports Holding PLC
(b) LEI 213800BMNG6351VR5X06
Details of the transaction(s): section to be repeated for (i) each type of
4 instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
Ordinary shares of GBP0.01 each
Description of the financial
instrument, type of instrument
(a)
Identification code
ISIN: GB00BD2ZT390
(b) Nature of the transaction Acquisition of 90,000 new ordinary shares of
GBP0.01 each awarded under the LTIP
Prices(s) Volume(s) (c) Price(s) and volume(s) GBP0.01 per share 90,000 ordinary shares
(d) Aggregated Information, N/A
Aggregated volume, Prices
(e) Date of the transaction 13 July 2024 (UK timezone)
(f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities
(a) Name Stephen Xuereb
2 Reason for the notification
(a) Position/status Chief Operating Officer of GPH
(b) Initial notification / Initial
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
(a) Name Global Ports Holding PLC
(b) LEI 213800BMNG6351VR5X06
Details of the transaction(s): section to be repeated for (i) each type of
4 instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
Ordinary shares of GBP0.01 each
Description of the financial
instrument, type of instrument
(a)
Identification code
ISIN: GB00BD2ZT390
(b) Nature of the transaction Acquisition of 80,000 new ordinary shares of
GBP0.01 each awarded under the LTIP
Prices(s) Volume(s) (c) Price(s) and volume(s) GBP0.01 per share 80,000 ordinary shares
(d) Aggregated Information, N/A
Aggregated volume, Prices
(e) Date of the transaction 13 July 2024 (UK timezone)
(f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities
(a) Name Javier Rodriguez
2 Reason for the notification
(a) Position/status Regional Director, West Med & Asia
(b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
(a) Name Global Ports Holding PLC
(b) LEI 213800BMNG6351VR5X06
Details of the transaction(s): section to be repeated for (i) each type of
4 instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
Ordinary shares of GBP0.01 each
Description of the financial instrument,
type of instrument
(a)
Identification code
ISIN: GB00BD2ZT390
(b) Nature of the transaction Acquisition of 55,000 new ordinary
shares of GBP0.01 each awarded under the LTIP
Prices(s) Volume(s) (c) Price(s) and volume(s) GBP0.01 per share 55,000 ordinary shares
(d) Aggregated Information, Aggregated N/A
volume, Prices
(e) Date of the transaction 13 July 2024 (UK timezone)
(f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities
(a) Name Michael John Maura
2 Reason for the notification
(a) Position/status Regional Director, Americas
(b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
(a) Name Global Ports Holding PLC
(b) LEI 213800BMNG6351VR5X06
Details of the transaction(s): section to be repeated for (i) each type of instrument;
4 (ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted
Ordinary shares of GBP0.01 each
Description of the financial
instrument, type of instrument
(a)
Identification code
ISIN: GB00BD2ZT390
Acquisition of 47,000 new ordinary shares
(b) Nature of the transaction (plus 4,200 ordinary shares issued in August
2023) of GBP0.01 each awarded under the LTIP
Prices(s) Volume(s) (c) Price(s) and volume(s) GBP0.01 per share 47,000 ordinary shares
(d) Aggregated Information, Aggregated N/A
volume, Prices
(e) Date of the transaction 13 July 2024 (UK timezone)
(f) Place of the transaction London Stock Exchange
1 Details of the person discharging managerial responsibilities
(a) Name Aziz Güngör
2 Reason for the notification
(a) Position/status Regional Director, East Med
(b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
(a) Name Global Ports Holding PLC
(b) LEI 213800BMNG6351VR5X06
Details of the transaction(s): section to be repeated for (i) each type of
4 instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
Ordinary shares of GBP0.01 each
Description of the financial
instrument, type of instrument
(a)
Identification code
ISIN: GB00BD2ZT390
(b) Nature of the transaction Acquisition of 37,000 new ordinary shares of
GBP0.01 each awarded under the LTIP
Prices(s) Volume(s) (c) Price(s) and volume(s) GBP0.01 per share 37,000 ordinary shares
(d) Aggregated Information, Aggregated N/A
volume, Prices
(e) Date of the transaction 13 July 2024 (UK timezone)
(f) Place of the transaction London Stock Exchange
----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: GB00BD2ZT390 Category Code: MSCH TIDM: GPH LEI Code: 213800BMNG6351VR5X06 Sequence No.: 335118 EQS News ID: 1949469 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
July 18, 2024 10:11 ET (14:11 GMT)
