REG - Globalworth Real Est - Directorate Change

Globalworth Real Estate InvestmentsAnnouncement

30/03/2020 07:00

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RNS Number : 9535H  Globalworth Real Estate Inv Ltd  30 March 2020

The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014. Upon the publication of this announcement, this information is
considered to be in the public domain.

 

30 March 2020

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Directorate Change

 

Globalworth, the leading office investor in Central and Eastern Europe,
announces that Eli Alroy, a Non-Executive Director of the Company, has
resigned from the Board. The resignation has been accepted with immediate
effect.

 

As a consequence, Geoff Miller, Chair of the Board, will now chair the
Investment Committee and John Whittle and Andreea Petreanu, both independent
Non-Executive Directors, will become members of the Remuneration Committee and
the Nomination Committee, respectively, in place of Mr Alroy.

 

 

Geoff Miller, Chair of the Board, Globalworth, commented: "The Board would
like to thank Mr Alroy for his invaluable contribution to the Company since
its IPO in 2013. His counsel has been instrumental to Globalworth becoming the
leading office investor and landlord in Central and Eastern Europe."

 

 

 

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

Enquiries

 Geoff Miller                                         Tel: +44 20 7886 2500

 Chair

 Jefferies (Joint Broker)                             Tel: +44 20 7029 8000

 Stuart Klein

 Panmure Gordon (Nominated Adviser and Joint 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 Romania and in Poland. Globalworth acquires,
develops and directly manages high-quality office and
logistics/light-industrial real estate assets in prime locations, generating
rental income from high quality tenants from around the globe. Managed by
c.240 professionals across Cyprus, Guernsey, Romania and Poland, the combined
value of its portfolio is €3.0 billion, as at 31 December 2019.
Approximately 93.4% 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 its
assets span in Bucharest, Timisoara, Constanta and Pitesti. For more
information, please visit www.globalworth.com (http://www.globalworth.com/)
 and follow us on Facebook, Instagram and LinkedIn.

 

IMPORTANT NOTICE: This announcement has been prepared for the purposes of
complying with the applicable laws and regulations of the United Kingdom and
the information disclosed may not be the same as that which would have been
disclosed if this announcement had been prepared in accordance with the laws
and regulations of any jurisdiction outside of the United Kingdom. This
announcement may include statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements may be
identified by the use of forward-looking terminology, including the terms
"targets", "believes", "estimates", "plans", "projects", "anticipates",
"expects", "intends", "may", "will" or "should" or, in each case, their
negative or other variations or comparable terminology, or by discussions of
strategy, plans, objectives, goals, future events or intentions. These forward
looking statements include all matters that are not historical facts and
involve predictions. Forward-looking statements may and often do differ
materially from actual results. Any forward-looking statements reflect the
Company's current view with respect to future events and are subject to risks
relating to future events and other risks, uncertainties and assumptions
relating to the Company's business, results of operations, financial position,
liquidity, prospects, growth or strategies and the industry in which it
operates. Forward-looking statements speak only as of the date they are made
and cannot be relied upon as a guide to future performance. Save as required
by law or regulation, the Company disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking statements in
this announcement that may occur due to any change in its expectations or to
reflect events or circumstances after the date of this announcement.

 

 

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