REG - Globalworth Real Est - Correction - Scrip Dividend Share Reference Price

Globalworth Real Estate InvestmentsAnnouncement

28/03/2024 12:15

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RNS Number : 7419I  Globalworth Real Estate Inv Ltd  28 March 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THE INFORMATION CONTAINED
HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY
JURISDICTION.

FOR IMMEDIATE RELEASE

28 March 2024

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Scrip Dividend Share Reference Price

 

Correction to announcement made at 7:00 on 28 March 2024: Reference Price
corrected to 196 cents instead of 1.96 cents. The full revised announcement is
set out below.

 

Further to the Company's announcement on 12 March 2024 and as further
described in the scrip dividend circular published by the Company on 12 March
2024 (the "Scrip Dividend Circular"), the Company has approved the payment of
an interim dividend in respect of the six month period ended 31 December 2023
of 11 cents per ordinary share (the "Interim Dividend") and shareholders may
elect to receive a scrip dividend alternative to the Interim Dividend (the
"Scrip Dividend Alternative") so that Qualifying Shareholders receive new
ordinary shares in the Company (the "Scrip Dividend Shares") instead of cash
in respect of all or part of their entitlement to the Interim Dividend
calculated on the basis of the Reference Price.

 

The Reference Price is 196 cents per Scrip Dividend Share. The Reference Price
has been determined by the Company on the basis of a discount of 20% to the
average of the middle market quotations for the Company's shares as derived
from the Daily Official List (or any other publication of a recognised
investment exchange showing quotations for the Company's shares) on the five
consecutive dealing days from and including the Ex-Dividend Date.

 

The final date and time for Qualifying Shareholders to elect to receive the
Scrip Dividend Alternative is 5.00 p.m. on 9 April 2024. The process for
electing to receive the Scrip Dividend Alternative is set out in the Scrip
Dividend Circular, which is available on the Company's website at
https://www.globalworth.com/investor-relations/corporate-documents/
(https://www.globalworth.com/investor-relations/corporate-documents/) .

 

All capitalised terms used in this announcement shall, unless otherwise
defined, have the meanings given to them in the Scrip Dividend Circular.

 

 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 269 professionals across Cyprus,
Guernsey, Poland and Romania the combined value of its portfolio is €3.0
billion, as at 31 December 2023. Approximately 96.8% of the portfolio is in
income-producing assets, predominately in the office sector, and leased to a
diversified array of over 715 national and multinational corporates. In
Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and
Katowice, while in Romania it has assets in Bucharest and seven other cities.

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

Excluded Territories

 

The release, publication or distribution of this announcement in jurisdictions
other than the United Kingdom may be restricted by law and therefore any
persons who are subject to the laws of any jurisdiction other than the United
Kingdom should inform themselves about, and observe, any applicable legal or
regulatory requirements. In particular, the ability of persons who are not
resident in the United Kingdom or who are subject to the laws of another
jurisdiction to elect to receive the Scrip Dividend Alternative may be
affected by the laws of the relevant jurisdictions in which they are located
or to which they are subject. Any failure to comply with applicable legal or
regulatory requirements of any jurisdiction may constitute a violation of
securities laws in that jurisdiction.

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