Notice of AGM and Availability of Annual Report

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/ :

· 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:  [e-mail] . It is also available to review and/or download at www.globalworth.com/investor-relations/reports-presentations/

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

Enquiries

Stamatis Sapkas      Tel: [phone]

CFO

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

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 and follow us on Facebook, Instagram and LinkedIn.

 

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