REG - Globalworth Real Est - Scrip Dividend Share Reference Price

Globalworth Real Estate InvestmentsAnnouncement

23/03/2023 07:15

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RNS Number : 9327T  Globalworth Real Estate Inv Ltd  23 March 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THE INFORMATION CONTAINED
HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY
JURISDICTION.

FOR IMMEDIATE RELEASE

23 March 2023

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Scrip Dividend Share Reference Price

 

Further to the Company's announcement on 9 March 2023 and as further described
in the scrip dividend circular published by the Company on 9 March 2023 (the
"Scrip Dividend Circular"), the Company has approved the payment of an interim
dividend in respect of the six month period ended 31 December 2022 of 15 cents
per ordinary share (the "Interim Dividend") and shareholders may elect to
receive a scrip dividend alternative to the Interim Dividend (the "Scrip
Dividend Alternative") so that Qualifying Shareholders receive new ordinary
shares in the Company (the "Scrip Dividend Shares") instead of cash in respect
of all or part of their entitlement to the Interim Dividend calculated on the
basis of the Reference Price.

 

The Reference Price is 228 cents per Scrip Dividend Share. The Reference Price
has been determined by the Company on the basis of a discount of 20% to the
average of the middle market quotations for the Company's shares as derived
from the London Stock Exchange plc (a recognised investment exchange showing
quotations for the Company's shares) on the five consecutive dealing days from
and including the Ex-Dividend Date.

 

The final date and time for Qualifying Shareholders to elect to receive the
Scrip Dividend Alternative is 5.00 p.m. on 31 March 2023. The process for
electing to receive the Scrip Dividend Alternative is set out in the Scrip
Dividend Circular, which is available on the Company's website at
https://www.globalworth.com/investor-relations/corporate-documents/
(https://www.globalworth.com/investor-relations/corporate-documents/) .

 

It has also come to the Company's attention that the Company's announcement on
9 March 2023 and the Scrip Dividend Circular contained an error in relation to
the expected payment date of the cash dividend to CREST shareholders and
certificated shareholders. The correct payment date is 18 April 2023.

 

All capitalised terms used in this announcement shall, unless otherwise
defined, have the meanings given to them in the Scrip Dividend Circular.

 

EXPECTED TIMETABLE OF EVENTS - CORRECTED DATES AND TIMES

 

                                                                                 2023
 Final time and date to elect to receive the Scrip Dividend Alternative          5.00 p.m. on 31 March
 Cash Dividend: Payment to CREST shareholders                                    18 April
 Cash Dividend: Payment to certificated shareholders                             18 April
 Scrip Dividend Alternative: Posting of share certificates for new Scrip         18 April
 Dividend Shares to certificated shareholders
 Scrip Dividend Alternative: Crediting new Scrip Dividend Shares to accounts of  18 April
 CREST shareholders
 Admission of new Scrip Dividend Shares to trading on AIM                        18 April

The above times and/or dates may be subject to change and, in the event of
such change, the revised times and/or dates will be notified to shareholders
by an announcement through a regulatory information service.

 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.

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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