Passing of Written Resolution

RNS Number : 6693E

Globalworth Real Estate Inv Ltd

11 April 2014

 

Globalworth Real Estate Investments Limited

Passing of Written Resolution

Further to the announcement on 25 March 2014, the Company is pleased to announce that the written resolutions circulated to shareholders have now been passed. As such, the related amendments to the articles of incorporation of the Company, all as further set out in the announcement of 25 March 2014, have taken effect.

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

EastWest Partners (Financial Adviser)

David Hill                                                                                                            Tel: [phone]

Scott Evans                                                                                                         Tel: [phone]

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

Nicola Marrin

Freddy Crossley

Cantor Fitzgerald Europe (Joint Broker)                                                Tel: [phone]

Rick Thompson

David Foreman

Milbourne (Public Relations)                                                                     Tel: [phone]

Tim Draper

About Globalworth:

Globalworth Real Estate Investments Limited is a real estate investment company founded by real estate investor and developer Ioannis Papalekas to take advantage of investment opportunities in Romania and the broader SEE and CEE regions. The Company is Guernsey incorporated and has been declared by the Guernsey Financial Services Commission to be a registered closed-ended collective investment scheme. 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 and the broader SEE and CEE regions in search of higher yielding investments. As a result, Romania and the broader SEE and CEE regions should, in due course, become more attractive destinations for a wide investor audience. Globalworth anticipates holding an early mover advantage in these markets and benefitting from this gradual shift in investor sentiment.

 

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