Application for Admission to AIM

RNS Number : 0749M

Globalworth Real Estate Inv Ltd

10 October 2016

 

Globalworth Real Estate Investments Limited

Application for Admission to AIM

Guernsey, 10 October 2016: Globalworth Real Estate Investments Ltd. (AIM: GWI) ("Globalworth" or the "Company") announces the allotment of 300,000 ordinary shares of no par value in the Company ("Ordinary Shares") to its subsidiary Globalworth Investment Advisers Limited ("GIAL") in satisfaction of a fee-related liability owed by the Company to GIAL, per the Investment Advisory Agreement between the Company and GIAL signed on 24 July 2013.

The Ordinary Shares have been allotted at €6.00 per Ordinary Share, representing a premium to the volume-weighted average market price over the 90 trading days prior to the date of allotment.

Application has been made for 300,000 new Ordinary Shares to be admitted to trading on AIM on 13 October 2016.  As a result, the Company's enlarged issued share capital will comprise 64,323,987 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 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.

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

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 Real Estate Investments Limited is a real estate investment company founded by real estate investor and developer Ioannis Papalekas currently focused on taking advantage of investment opportunities in Romania. The Company's shares were admitted to trading on AIM in July 2013.

The Romanian market offers an attractive real estate investment proposition in the medium-to-long term. Globalworth believes that global investor capital flows will gradually move from markets considered as "safe havens" to more peripheral markets such as Romania in search of higher yielding investments. As a result, Romania should, in due course, become a more attractive destination for a wide investor audience. Globalworth anticipates holding an early mover advantage in and benefitting from this gradual shift in investor sentiment.

 

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