GPH

Awarded preferred bidder status for Casablanca Cruise Port

Retrieved on: 
Wednesday, April 10, 2024
Ship, GPH, ANP, Shipbuilding

Casablanca, Morocco’s largest city, offers cruise passengers a wonderful blend of traditional Moroccan culture and contemporary experiences.

Key Points: 
  • Casablanca, Morocco’s largest city, offers cruise passengers a wonderful blend of traditional Moroccan culture and contemporary experiences.
  • The cruise port facilities recently underwent a EUR 60 million investment in the cruise port infrastructure.
  • The port is now capable of handling ships up to 350m long and has the cruise port infrastructure to welcome 400k passengers per annum.
  • Casablanca Cruise Port is expected to welcome c150k transit passengers in 2024, rising to c180k passengers in 2025.

Exercise of Warrants

Retrieved on: 
Wednesday, April 10, 2024
Exercise, Application, Official List, London Stock Exchange, Warrant, 6th Street, GPH, GBP, Annual general meeting, Admission, Security (finance)

Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, has received notification of the exercise in full of warrants held by Sixth Street Capital Partners LLC (“Sixth Street”), over an aggregate 8,395,118 new Ordinary shares of £0.01 each (“Ordinary Shares”) in the Company at an exercise price of 1 pence per ordinary share.

Key Points: 
  • Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, has received notification of the exercise in full of warrants held by Sixth Street Capital Partners LLC (“Sixth Street”), over an aggregate 8,395,118 new Ordinary shares of £0.01 each (“Ordinary Shares”) in the Company at an exercise price of 1 pence per ordinary share.
  • The Company issued Sixth Street with the initial warrants as part of the refinancing announced on the 24 May 2021 and further warrants as part of the ‘Adjustment Event’ announced on the 14 July 2023.
  • The Warrant Shares will be issued under authorities granted at the Company’s June 2021 General Meeting and 2023 Annual General Meeting to issue those shares required to be allotted upon the exercise of the Warrants.
  • Following Admission, the Company’s issued share capital admitted to trading will consist of 76,433,126 ordinary shares of GBP 0.01 each.

50-year agreement signed for Liverpool Cruise Port

Retrieved on: 
Wednesday, April 10, 2024
Music, City, Architecture, Growth, GPH, Tourism

Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that it has signed a 50-year agreement with Peel Ports Group’s subsidiary, The Mersey Docks And Harbour Company Ltd, to operate cruise services at Liverpool Cruise Port.

Key Points: 
  • Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that it has signed a 50-year agreement with Peel Ports Group’s subsidiary, The Mersey Docks And Harbour Company Ltd, to operate cruise services at Liverpool Cruise Port.
  • Liverpool Cruise Port is well-positioned to participate in the growing Northern European and British and Irish cruise markets.
  • Liverpool Cruise Port has the potential for significant growth in passenger volumes.
  • In 2023, Liverpool Cruise Port welcomed 102 cruise ships and over 186k passengers.

WYBOTICS Release the WYBOT C1 Cordless Robotic Pool Cleaner

Retrieved on: 
Monday, April 1, 2024
PVC, Headache, Swimming, Filtration, News, Sand, GPH, C1, LOS, Multimedia, Online shopping

LOS ANGELES, April 1, 2024 /PRNewswire/ -- WYBOTICS, an innovator in the swimming pool cleaning and maintenance device world, recently celebrated the news its latest breakthrough is available, the WYBOT C1 Cordless Robotic Pool Cleaner for In-Ground Pools. This new piece of swimming pool tech represents an advancement over previous models, skyrocketing efficient "hands-free" cleaning for homeowners.

Key Points: 
  • LOS ANGELES, April 1, 2024 /PRNewswire/ -- WYBOTICS, an innovator in the swimming pool cleaning and maintenance device world, recently celebrated the news its latest breakthrough is available, the WYBOT C1 Cordless Robotic Pool Cleaner for In-Ground Pools .
  • The WYBOT C1 Cordless Robotic Pool Cleaner is designed to address the evolving needs of in-ground pool owners, offering a host of advanced features and enhancements over previous models.
  • Furthermore, the 2024 WYBOT C1 Cordless Robotic Pool Cleaner offers the convenience of scheduled cleaning through a dedicated app.
  • In conclusion, the launch of the 2024 WYBOT C1 Cordless Robotic Pool Cleaner represents a significant milestone in pool maintenance technology.

Completes project financing and begins cruise operations at San Juan Cruise Port, Puerto Rico

Retrieved on: 
Thursday, February 15, 2024
USD, Piers, Growth, Nature, Pier, SJCP, Government, Safety, Series, GPH, Tourism

Completes project financing and begins cruise operations at San Juan Cruise Port, Puerto Rico

Key Points: 
  • Completes project financing and begins cruise operations at San Juan Cruise Port, Puerto Rico
    Completes project financing and begins cruise operations at San Juan Cruise Port, Puerto Rico
    Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that its wholly-owned subsidiary San Juan Cruise Port LLC (“SJCP”) has successfully reached financial closing of the PPP Agreement and simultaneously concluded the debt financing for the initial phase of its investment in San Juan Cruise Port and has now taken over cruise operations at San Juan Cruise Port for GPH.
  • The successful long-term project financing was achieved through the issuance, by San Juan Cruise Port, of two bonds totalling USD 187 million.
  • "We are delighted to welcome San Juan Cruise Port into the world's largest cruise port network.
  • I would like to thank the Government of Puerto Rico and the Puerto Rico Port Authority for their support throughout the process.

Summit Financial Continues Growth Trajectory With Two Additional Affiliate Firms Totaling $725M in Assets

Retrieved on: 
Monday, February 5, 2024
Personal Finance, Finance, Consulting, Accounting, Professional Services, Partnership, Brad, Growth, Ameriprise Financial, RIA, Army, Associate, SGP, MBA, Risk, Culture, Insurance, GPH, Financial adviser

Both firms will benefit from Summit’s custom capital solution, Summit Growth Partners (SGP), which offers a combination of cash monetization and equity participation while granting exclusive partnership privileges.

Key Points: 
  • Both firms will benefit from Summit’s custom capital solution, Summit Growth Partners (SGP), which offers a combination of cash monetization and equity participation while granting exclusive partnership privileges.
  • GPH, an established Alabama-based firm that oversaw $530M in assets, is transitioning from Ameriprise Financial to Summit.
  • GPH employs a comprehensive financial planning approach to address both short-term and lifelong financial goals.
  • We look forward to continuing that tradition, supporting both firms in the delivery of thoughtful, individualized advice that elevates clients’ financial well-being,” said Stan Gregor, CEO of Summit Financial Holdings.

Synnovation Therapeutics Launches with $102 Million to Advance Clinical-Stage Pipeline of Precision Therapies Targeting Highly Validated Disease Pathways

Retrieved on: 
Wednesday, January 24, 2024
Pharmaceutical, Health, Oncology, Other Health, Entrepreneurship, Vitiligo, Patient, Incyte, Therapy, Rheumatoid arthritis, JAK, Third Rock Ventures, Molecular biology, Pharmacology, Cancer, Medicine, Drug discovery, FGFR, Cholangiocarcinoma, Ruxolitinib, Non-small-cell lung cancer, COVID-19, Atopic dermatitis, PARP1, FDA, Polycythemia, Eli Lilly and Company, Medicinal chemistry, Drug, EVP, GPH, CNS, Pharmaceutical industry

Synnovation Therapeutics, a precision medicine company developing small molecule therapies optimized to achieve best-in-class pharmacology against highly validated disease targets, launched today with a $102 million Series A.

Key Points: 
  • Synnovation Therapeutics, a precision medicine company developing small molecule therapies optimized to achieve best-in-class pharmacology against highly validated disease targets, launched today with a $102 million Series A.
  • Synnovation was founded by a world-class medicinal chemistry team with a track record of developing best-in-class therapeutics.
  • Proceeds will fund the advancement of the company’s clinical and preclinical pipeline, including SNV1521 and SNV4818, as well as additional programs.
  • The company’s lead program, SNV1521, is a potentially best-in-class, potent, highly selective and CNS penetrant PARP1 inhibitor.

Global Ports Holding Plc Celebrates Sustainability Milestone as Valletta Cruise Port Successfully Implements Shore Power

Retrieved on: 
Thursday, December 14, 2023
Venus, GPH, Natural Capital Project, Mediterranean Basin, Grand Harbour, ESG, Biophysical environment, Carbon, Saturn, Transport Malta, Ministry, Transport, Investment, History, Tourism, Renewable energy, Social

Global Ports Holding (GPH), the world's largest cruise port operator, is delighted to announce a major advancement in environmental sustainability with the successful implementation of shore power at Valletta Cruise Port.

Key Points: 
  • Global Ports Holding (GPH), the world's largest cruise port operator, is delighted to announce a major advancement in environmental sustainability with the successful implementation of shore power at Valletta Cruise Port.
  • On December 01, 2023, the cruise ship Viking Saturn made history as the first-ever vessel to utilize the newly installed Onshore Power Supply (OPS) system at Valletta Cruise Port.
  • This inaugural connection of shore-to-ship power within GPH's global port network marks a historic moment for both Valletta Cruise Port and GPH.
  • Stephen Xuereb, COO of Global Ports Holding and GM of Valletta Cruise Port, echoed these sentiments, emphasizing, "The successful integration of shore power at Valletta Cruise Port stands as a testament to our dedication to eco-friendly initiatives.

Sales and Renunciation of Ordinary Shares awarded under the LTIP

Retrieved on: 
Thursday, October 26, 2023
GIH, BIST, GPH, Shipbuilding, Mediterranean Sea

GPH was established in 2004 as an international port operator and is the world’s largest independent cruise port operator.

Key Points: 
  • GPH was established in 2004 as an international port operator and is the world’s largest independent cruise port operator.
  • The Group also has a commercial port operation which specialises in container and general cargo handling.
  • Prior to the LTIP Share Issuance, GPH was 66.3% owned directly or through Global Ports Holding B.V., which is a wholly owned subsidiary of Global Yatırım Holding A.Ş.
  • This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

Private placement of secured notes and investment grade credit rating

Retrieved on: 
Friday, September 29, 2023
Insurance, GPH, Note, Entrepreneurship, Investment, USD, 6th Street, Bank

The Notes have received an investment grade credit rating from two rating agencies and will fully amortize over 17 years, with a weighted average maturity of c13 years.

Key Points: 
  • The Notes have received an investment grade credit rating from two rating agencies and will fully amortize over 17 years, with a weighted average maturity of c13 years.
  • The balance of proceeds from the Notes will primarily be used to fund further Caribbean expansion and the payment of transaction costs.
  • Our strategy and the effectiveness of our approach are firmly endorsed by the investment grade credit ratings achieved for the Notes and we look forward to using this additional capital to continue to successfully expand our business.
  • Global Ports Holding, Chief Financial Officer Jan Fomferra, said:
    "The achievement of an investment grade credit rating for these Notes is a testament to the unique strength of our business model and supports our financing capacity.