Results of EGM

RNS Number : 2175Q

Globalworth Real Estate Inv Ltd

25 November 2016

 

Globalworth Real Estate Investments Limited

Results of EGM

Globalworth Real Estate Investments Limited (the "Company") is pleased to announce that the resolutions (the "Resolutions") proposed at the Extraordinary General Meeting held today to approve the terms of a new fee arrangement (the "Plan") for its subsidiary, Globalworth Investment Advisers Limited, the Company's internal investment adviser, were duly passed.

Further details of the Plan and the Resolutions were set out in the circular to shareholders dated 1 November 2016.

Details of the proxies from shareholders in respect of the Resolutions are set out below:

Resolution	For		Against		Withheld
	Number	%	Number	%	Number	%
1: Approval of Plan	55,442,527	100	0	0	0	0
2: Authority to allot and issue shares pursuant to the Plan	52,938,366	95.5	2,504,161	4.5	0	0

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

Globalworth Real Estate Investments Limited Dimitris Raptis	Tel: [phone]
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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