Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Global Ports Holding Plc
  6. News
  7. Summary
    GPH   GB00BD2ZT390

GLOBAL PORTS HOLDING PLC

(GPH)
  Report
Delayed Quote. Delayed London Stock Exchange - 04/16 11:35:09 am
130 GBX   +1.36%
04/14Extension of Eurobond tender offer period
DJ
04/07Launches Eurobond tender offer
DJ
04/06Withdrawal of Scheme of Arrangement
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Launches Eurobond tender offer

04/07/2021 | 03:33am EDT
Global Ports Holding PLC (GPH) 
Launches Eurobond tender offer 
07-Apr-2021 / 08:31 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Global Ports Holding Plc 
Launches Eurobond tender offer 
This announcement is for information purposes only and is not an offer to purchase or a solicitation of an offer to 
sell any securities. This announcement is not for distribution or publication in or into the United States of America 
or any other jurisdiction in which it would be unlawful to do so. The Offer is being made only to holders of the Notes 
who are non-U.S. persons outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933, 
as amended. 
 
Global Ports Holding Plc ("GPH" or the "Group"), the world's largest independent cruise port operator, announces today 
that its wholly owned subsidiary Global Liman Isletmeleri A.S. (the "Offeror") has today launched an offer for up to USD7 
5.0 million of its USD250,000,000 8.125% Senior Unsecured Notes due 2021. 
 
The Offer 
The Offer is being made upon the terms and subject to the conditions set forth in the Tender Offer Memorandum, which is 
available at https://www.globalportsholding.com/gli-eurobond-financing-register.php. The maximum purchase price that 
will be accepted by the Offeror for the Notes, will be determined through a reverse Unmodified Dutch Auction process. 
The details for which are laid out in the Tender Offer Memorandum. The Offer commences on 7 April 2021 and will expire 
at 4.00pm on 13 April 2021, unless extended. 
 
Rationale for the Offer 
The purpose of the Offer is to enable the Offeror to acquire and cancel its outstanding Notes, thereby reducing the 
outstanding principal amount thereof and related interest expense, which is consistent with the Offeror's ongoing 
liability management objectives and its strategy to proactively address the upcoming maturity of the Notes. 
 
The Group is currently in the advanced stages of securing additional liquidity which, if received, the Group intends to 
use to redeem outstanding Notes; however, there can be no assurance that such financing will be obtained prior to the 
maturity of the Notes or at all. 
 
 
 
 
 
 
CONTACT 
For investor, analyst and financial media enquiries:   For media enquiries: 
Investor Relations                                     Global Ports Holding, Company Secretary 
Martin Brown                                           Alison Chilcott 
Email: martinb@globalportsholding.com                  Email: alisonc@globalportsholding.com ----------------------------------------------------------------------------------------------------------------------- 
ISIN:          GB00BD2ZT390 
Category Code: MSCH 
TIDM:          GPH 
LEI Code:      213800BMNG6351VR5X06 
Sequence No.:  97567 
EQS News ID:   1181591 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------ 
 

(END) Dow Jones Newswires

April 07, 2021 03:32 ET (07:32 GMT)

All news about GLOBAL PORTS HOLDING PLC
04/14Extension of Eurobond tender offer period
DJ
04/07Launches Eurobond tender offer
DJ
04/06Withdrawal of Scheme of Arrangement
DJ
03/18GLOBAL PORTS  : Extension of Early Bird Deadline and Update Regarding Discussion..
DJ
03/12GLOBAL PORTS  : 12 month 2020 Trading Statement -3-
DJ
03/12GLOBAL PORTS  : 12 month 2020 Trading Statement -2-
DJ
03/12GLOBAL PORTS  : 12 month 2020 Trading Statement
DJ
02/18GLOBAL PORTS  : Launch of Scheme of Arranagement -2-
DJ
02/18GLOBAL PORTS  : Launch of Scheme of Arranagement
DJ
02/08Update on discussions with financial stakeholders
DJ
More news
Financials (USD)
Sales 2020 165 M - -
Net income 2020 36,0 M - -
Net Debt 2020 439 M - -
P/E ratio 2020 3,14x
Yield 2020 21,9%
Capitalization 113 M 113 M -
EV / Sales 2020 3,35x
EV / Sales 2021 3,69x
Nbr of Employees 603
Free-Float 37,5%
Chart GLOBAL PORTS HOLDING PLC
Duration : Period :
Global Ports Holding Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLOBAL PORTS HOLDING PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 6,50 $
Last Close Price 1,80 $
Spread / Highest target 261%
Spread / Average Target 261%
Spread / Lowest Target 261%
EPS Revisions
Managers and Directors
NameTitle
Emre Sayin Chief Executive Officer
Jan Fomferra Chief Financial Officer
Mehmet Kutman Chairman
Stephen Xuereb Chief Operating Officer
Peter Benjamin Mandelson Independent Director