Global Ports Holding PLC Announces Major Shareholding Change By Lullange Partners S.C.Sp

On March 28, 2024, Global Ports Holding PLC (GPH), a Non-UK issuer, disclosed a significant shift in its shareholding structure involving Lullange Partners S.C.Sp, according to regulatory requirements. This disclosure, mandated by the TR-1 standard form, comes after Lullange Partners S.C.Sp's acquisition or disposal of voting rights crossed a notable threshold, reaching a total of 10.98% in voting rights attached to shares, equivalent to 8,395,118 voting rights.

The notification clarified that these changes took effect on the same day, with the Luxembourg-based Lullange Partners S.C.Sp assuming its new position. Lullange Partners oversees this share through several controlled undertakings, all under the umbrella of the ultimate controlling person, Alan Waxman of Sixth Street Partners Management Company, L.P. Notably, this shareholding structure involves various undertakings, with significant portions attributed to TAO Finance 3, LLC, Sixth Street Specialty Lending Europe II, L.P., and Redwood IV Finance 3, LLC.

The disclosed information sheds light on the complex ownership and control dynamics within Global Ports Holding PLC, pinpointing Alan Waxman's strategic positioning. Although Waxman disclaims beneficial ownership except for his pecuniary interest, the network of control and influence described underscores significant financial strategies at play.