REG - Globalworth Real Est - Buy back of Shares into Treasury and TVR

Globalworth Real Estate InvestmentsAnnouncement

26/03/2024 09:45

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RNS Number : 3264I  Globalworth Real Estate Inv Ltd  26 March 2024

FOR IMMEDIATE RELEASE

26 March 2024

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Buy back of Shares into Treasury and Total Voting Rights

 

Globalworth announces that, pursuant to the shareholder authorities given at
the AGM on 19 June 2023, put options have been exercised by employee
shareholders in relation to 28,867 ordinary shares of no par value which had
been recently transferred out of treasury to satisfy awards made under the
share award plan in place for employees of the Company's subsidiaries, and, as
a result, these shares have now been bought back by the Company and
transferred into treasury. The Company now holds 838,118 ordinary shares in
treasury.

 

The total number of ordinary shares in issue excluding shares held as treasury
shares is 252,152,962, and this is the total number of the voting rights in
the Company which may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest, or a change in the interest, in the share capital of the Company
under Chapter 5 of the FCA's Disclosure Guidance and Transparency Rules as
reflected in the Company's articles of incorporation.

 

For further information visit www.globalworth.com
(http://www.globalworth.com/)  or contact:

 Enquiries

 Rashid Mukhtar                                 Tel: +40 732 800 000

 Group CFO
 Panmure Gordon (Nominated Adviser and Broker)  Tel: +44 20 7886 2500

 Dominic Morley

About Globalworth / Note to Editors:

Globalworth is a listed real estate company active in Central and Eastern
Europe, quoted on the AIM-segment of the London Stock Exchange. It has become
the pre-eminent office investor in the CEE real estate market through its
market-leading positions both in Poland and Romania. Globalworth acquires,
develops and directly manages high-quality office and industrial real estate
assets in prime locations, generating rental income from high quality tenants
from around the globe. Managed by over 260 professionals across Cyprus,
Guernsey, Poland and Romania the combined value of its portfolio is €3.0
billion, as at 31 December 2023. Approximately  96.9 % of the portfolio is in
income-producing assets, predominately in the office sector, and leased to a
diversified array of over 700 national and multinational corporates. In Poland
Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice,
while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti,
Arad, Oradea and Targu Mures.

 

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