Application for Admission of Shares to AIM

RNS Number : 0322D

Globalworth Real Estate Inv Ltd

21 April 2017

 

Globalworth Real Estate Investments Limited

Application for Admission of Ordinary Shares to trading on AIM

Guernsey 21 April 2017: Globalworth Real Estate Investments Ltd. (AIM: GWI) ("Globalworth" or the "Company") announces the issue of 206,418 ordinary shares of no par value in the Company ("Ordinary Shares") to its subsidiary Globalworth Investment Advisers Limited ("GIAL"). These shares are being issued in satisfaction of the share portion of the Variable Annual Fee due to GIAL from the Company for the year ended 31 December 2016, per the Investment Advisory Agreement between the Company and GIAL signed on 24 July 2013 (as amended on 16 December 2016 and approved by shareholders on 25 November 2016).

The Ordinary Shares are being issued at €8.00 per Ordinary Share, being the subscription price in the €200m equity fundraising completed in December 2016.

Application has been made for 206,418 new Ordinary Shares to be admitted to trading on AIM on 26 April 2017.  Following admission of these Ordinary Shares, the Company's enlarged issued share capital will comprise 90,603,366 Ordinary Shares with voting rights in the Company. As the Company holds no shares in treasury, this is the total number of the 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 and Transparency Rules as reflected in the Company's articles of incorporation.

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

Panmure Gordon (Nominated Adviser and Joint Broker) Andrew Potts	Tel: [phone]
Cantor Fitzgerald Europe (Joint Broker)       Rick Thompson David Foreman	Tel: [phone]
Milbourne (Public Relations) Tim Draper	Tel: [phone]

About Globalworth

Globalworth is a real estate investment company active in the CEE and SEE regions with a focus on Romania. The Company is internally managed by c.70 professionals and its portfolio at year end 2016 comprised of 15 high quality real estate investments valued at c.€978m, all located in Romania.

 

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