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

Globalworth Real Estate InvestmentsAnnouncement

11/04/2024 15:15

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RNS Number : 3285K  Globalworth Real Estate Inv Ltd  11 April 2024

FOR IMMEDIATE RELEASE

11 April 2024

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 28 March 2024, the Company is pleased
to announce that shareholders have elected to receive the Scrip Dividend
Alternative in respect of a total of 248,765,748 ordinary shares, representing
approximately 98.65% of the total issued share capital of the Company as at 10
April 2024 (being the latest practicable date prior to the date of this
announcement).

 

As a result, in connection with the Interim Dividend announced on 12 March
2024, the Company will pay a total of €375,769 in cash and issue a total of
13,961,334 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 26 April 2024.

 

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 266,202,314 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 12 March 2024 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

 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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