REG - Globalworth Real Est - Notice of AGM and Availability of Annual Report

Globalworth Real Estate InvestmentsAnnouncement

17/05/2022 17:30

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RNS Number : 8446L  Globalworth Real Estate Inv Ltd  17 May 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

FOR IMMEDIATE RELEASE

 

17 May 2022

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Notice of AGM and Availability of Annual Report

 

Notice of AGM

 

Globalworth announces that the following documents are available on the
Company's website at
 www.globalworth.com/investor-relations/corporate-documents/
(http://www.globalworth.com/investor-relations/key-corporate-documents) :

 

·    Letter to Shareholders dated 17 May 2022

·    Notice of AGM dated 17 May 2022

 

The Letter and the Notice of AGM should be read in full before taking a
decision. This notification is not a summary of the Letter and the Notice of
AGM, and should not be regarded as a substitute for reading them.

 

The Board of Globalworth is pleased to provide formal notice of the Company's
AGM, which is set out in the Notice of AGM, and which is to be held at the
Company's registered office address located at Anson Court, La Route des
Camps, St Martin, Guernsey GY4 6AD at 10.00 a.m. on 20 June 2022.

 

In addition to the customary AGM business, two additional resolutions are
being proposed:

 

·    Pursuant to the Globalworth Share Award Plan (the "Plan"), certain
employees have the right to receive shares in the Company which are then
issued to the employees no earlier than 12 months after the date of their
award. The Company wishes to grant such employees a put option, via an
instrument (the "Buy Back Instrument"), to require the Company to repurchase
the shares awarded (the "Sale Shares") during the three month period after
their issue, the Sale Shares to then be repurchased off-market and at the
price at which they were issued, and subject to such other terms and
conditions as set out in the Buy Back Instrument. The total number of shares
to which this relates is 97,497, which is equivalent to 0.04% of the current
total number of voting rights in the Company.

 

·    The authority set out in proposed Resolution 8 is intended to provide
the Board with authority to execute the Buy Back Instrument. Proposed
Resolution 9 will permit the Company to repurchase the Sale Shares
notwithstanding the expiry of the authority to execute the Buy Back
Instrument.

 

2021 Annual Report

 

To receive a hard copy of the 2021 Annual Report, please contact the Investor
Relations team at: ir@globalworth.com (mailto:ir@globalworth.com) . It is
also available to review and/or download at
www.globalworth.com/investor-relations/reports-presentations/
(http://www.globalworth.com/investor-relations/financial-reports-and-presentation)

 

 

For further information visit www.globalworth.com or contact:

Enquiries

Stamatis
Sapkas
 
                                Tel: +40 732
800 000

CFO

 

Panmure Gordon (Nominated Adviser and 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 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 240 professionals across Cyprus,
Guernsey, Poland and Romania, a combined value of its portfolio is €3.2
billion, as at 31 December 2021. Approximately 95.9% of the portfolio is in
income-producing assets, predominately in the office sector, and leased to a
diversified array of over 660 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 and Oradea.

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

 

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