REG - Globalworth Real Est - Issue of Scrip Dividend Shares & Admission to AIM

Globalworth Real Estate InvestmentsAnnouncement

04/04/2023 12:45

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RNS Number : 3527V  Globalworth Real Estate Inv Ltd  04 April 2023

FOR IMMEDIATE RELEASE

4 April 2023

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Issuance of Scrip Dividend Shares and Admission to AIM

 

Further to the Company's announcement on 23 March 2023, the Company is pleased
to announce that shareholders have elected to receive the Scrip Dividend
Alternative in respect of a total of 217,446,354 ordinary shares, representing
approximately 98.1% of the total issued share capital of the Company as at 3
April 2023 (being the latest practicable date prior to the date of this
announcement).

 

As a result, in connection with the Interim Dividend announced on 9 March
2023, the Company will pay a total of €630,224 in cash and issue a total of
14,305,676 Scrip Dividend Shares.

 

Application will be made for the Scrip Dividend Shares to be admitted to
trading on AIM. Admission of the Scrip Dividend Shares is expected to become
effective on 18 April 2023.

 

The Scrip Dividend Shares will rank pari passu in all respects with the
existing ordinary shares of the Company.

 

Immediately following the issuance of the Scrip Dividend Shares, the total
number of ordinary shares in the Company in issue excluding shares held as
treasury shares will be 235,894,645 and this is the total number of 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.

 

All capitalised terms used in this announcement shall, unless otherwise
defined, have the meanings given to them in the scrip dividend circular
published by the Company on 9 March 2023 and available on the Company's
website at https://www.globalworth.com/investor-relations/corporate-documents/
(https://www.globalworth.com/investor-relations/corporate-documents/) .

 

 Enquiries

 Stamatis Sapkas                                Tel: +40 732 800 000

 Chief Financial Officer

 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, a combined value of its portfolio is €3.2
billion, as at 31 December 2022. Approximately 96.4% of the portfolio is in
income-producing assets, predominately in the office sector, and leased to a
diversified array of over 690 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.

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

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