Globe Invest Limited (GIL) is a single-family office and investment holding company of Teddy Sagi and holds around a 30% stake in Best of the Best (BOTB).
Teddy Sagi founded London-listed gambling software developer Playtech PLC and, most recently, his company Unikmind Holdings completed a takeover of digital privacy and security company Kape Technologies PLC.
Best of the Best is an AIM listed Company founded in 1999 and is headquartered in London, UK.
The Company engages in the competition operations in the UK and operates weekly competitions to win luxury cars online, as well as through retail sites within airports and at shopping centres.
It also operates competitions, which include prizes, such as motorbikes, watches, luxury gadgets, technology, holidays, and other items.
The company sells tickets to passing airport passengers, as well as serves online customers through the company’s website.
Recommended Final Mandatory Cash Offer
On 29 June 2023, GIL announced that it had acquired, through market purchases, 733,678 BOTB Shares at the Offer Price and as a result owned, at that date, in aggregate 38.67 per cent. of BOTB’s issued share capital.
As a result of those market purchases, under Rule 9 of the City Code on Takeovers and Mergers, GIL announced on 29 June 2023 that the Offer had become a mandatory cash offer for the entire issued and to be issued share capital of BOTB not already owned or controlled by GIL at a price of 535 pence in cash per BOTB Share.
The Perivan shareholder communications team was delighted to work with Singer Capital Markets who acted as Financial Adviser to GIL on the Offer Documentation which was posted to qualifying shareholders on 14th July 2023.
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Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.