REG - Globalworth Real Est - Corporate Governance and Board Committee Changes

Globalworth Real Estate InvestmentsAnnouncement

27/04/2022 07:16

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RNS Number : 4493J  Globalworth Real Estate Inv Ltd  27 April 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

27 April 2022

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Corporate Governance and Board Committee Changes

 

Globalworth, the leading office investor in Central and Eastern Europe,
announces that, as part of its ongoing streamlining of processes and
procedures, the Board has approved the adoption of the QCA Code of Corporate
Governance (the "QCA Code") and will report against the QCA Code for the year
ending 31 December 2022 onwards. In considering the adoption of the QCA Code,
the Board took into account that the majority of AIM listed companies apply
the QCA Code and also noted that the QCA's approach to good corporate
governance is about ensuring that the board of a company is set up to make
robust decisions and manage risk - and making sure "the right people are in
the right roles, working together, and doing the right things to deliver value
for shareholders as a whole over the medium to long term".

 

In addition, the Board has resolved to recombine its separate Audit Committee
and Risk Committee into a single Audit & Risk Committee, which is more
typical of an AIM listed company, and its terms of reference can be found on
the Company's website at
www.globalworth.com/investor-relations/corporate-governance/. The composition
of the (combined) Audit & Risk Committee is as follows: Andreas Tautscher
(Chair), Daniel Malkin, Richard van Vliet, David Maimon. All other Board
committees remain unchanged.

 

 

For further information visit www.globalworth.com or contact:

Enquiries

Stamatis
Sapkas
 
 
     Tel: +40 732 800 000

Deputy Chief Investment Officer (CFO from 1/5/22)

 

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

Alina Vaskina

 

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 240 professionals across Cyprus,
Guernsey, Poland and Romania, a combined value of its portfolio is €3.2
billion, as at 31 December 2021. Approximately 95.9% of the portfolio is in
income-producing assets, predominately in the office sector, and leased to a
diversified array of over 660 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 and Oradea.

For more information, please visit www.globalworth.com
(http://www.globalworth.com) and follow us on Facebook, Instagram and
LinkedIn.

 

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