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

Globalworth Real Estate InvestmentsAnnouncement

27/09/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230927:nRSa7521Na&default-theme=true

RNS Number : 7521N  Globalworth Real Estate Inv Ltd  27 September 2023

FOR IMMEDIATE RELEASE

27 September 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 14 September 2023, the Company is
pleased to announce that shareholders have elected to receive the Scrip
Dividend Alternative in respect of a total of 232,261,772 ordinary shares,
representing approximately 98.5% of the total issued share capital of the
Company as at 26 September 2023 (being the latest practicable date prior to
the date of this announcement).

 

As a result, in connection with the Interim Dividend announced on 30 August
2023, the Company will pay a total of €508,602 in cash and issue a total of
16,258,317 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 10 October 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 252,152,962 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 30 August 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

 Rashid Mukhtar                                 Tel: +40 732 800 000

 Deputy 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 250 professionals across Cyprus,
Guernsey, Poland and Romania the combined value of its portfolio is €3.1
billion, as at 30 June 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.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEEAENKADEDEAA