Directorate Change

RNS Number : 8301Y

Globalworth Real Estate Inv Ltd

13 May 2019

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.

13 May 2019

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Directorate change

Globalworth, the leading office investor in Central and Eastern Europe, announces that Akbar Rafiq, a non-executive director of the Company, is stepping down from the Board with immediate effect.  Mr Rafiq had been a non-executive director of the Company since September 2014 pursuant to the entitlement of York Capital[1] to appoint one non-executive director on certain terms as set out in the Company's articles of incorporation.

Geoff Miller, Chairman of the Board, Globalworth, commented: "The Board would like to thank Mr Rafiq for his enthusiasm and contribution to Board discussion and decision-making over the past four and half years, which marked a very active period of impressive growth and development of the Company".

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

Enquiries

Andrew Cox                                                                                                                     Tel: [phone]

Head of Investor Relations & Corporate Development  

Jefferies (Joint Broker)                                                                                                   Tel: [phone]

Stuart Klein

Panmure Gordon (Nominated Adviser and Joint Broker)                                        Tel: [phone]

Alina Vaskina/Justin Gulston

Milbourne (Public Relations)                                                                                         Tel: [phone]

Tim Draper

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 Romania and in Poland, where the Company currently has a 99.6% shareholding in Globalworth Poland, a pure-play Polish real estate platform listed on the Warsaw Stock Exchange.  Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by nearly 200 professionals across Romania and Poland, the combined value of its portfolio is over €2.5 billion, as at 31 December 2018 and proforma for subsequent acquisitions. Over 90% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of some 650 national and multinational corporates. In Romania, Globalworth is present in Bucharest, Timisoara and Pitesti, while in Poland its assets span Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice. For more information, please visit www.globalworth.com  and follow us on Facebook, Instagram and LinkedIn.

 

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[1] York Capital Management Global Advisors, LLC and/or its Affiliates

 

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