Notice of AGM

Globalworth Real Estate Inv Ltd

15 May 2024

 

FOR IMMEDIATE RELEASE

15 May 2024

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/key-corporate-documents:

·    Letter to Shareholders dated 15 May 2024

·    Notice of AGM dated 15 May 2024

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 9.30 a.m. on 17 June 2024.

In addition to the customary AGM business, and in line with company practice in recent previous years, 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 138,651 which is equivalent to 0.052% of the current total number of voting rights in the Company.

·    The authority set out in proposed Resolution 9 is intended to provide the Board with authority to execute the Buy Back Instrument. Proposed Resolution 10 will permit the Company to repurchase the Sale Shares notwithstanding the expiry of the authority to execute the Buy Back Instrument.

2023 Annual Report

To receive a copy of the 2023 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/financial-reports-and-presentation

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

Enquiries
Rashid Mukhtar Group CFO	Tel: [phone]
Panmure Gordon (Nominated Adviser and Broker) Dominic Morley	Tel: [phone]

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 269 professionals across Cyprus, Guernsey, Poland and Romania the combined value of its portfolio is €3.0 billion, as at 31 December 2023. Approximately 96.8% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 715 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania it has assets in Bucharest and seven other cities.

 

END