Second Interim Dividend Payment

RNS Number : 0301N

Globalworth Real Estate Inv Ltd

14 January 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.

14 January 2019

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Second Interim Dividend Payment

The Company is pleased to announce that its Board of Directors has approved the payment of an interim dividend in respect of the six-month financial period ended on 31 December 2018 of €0.27 per ordinary share, which will be paid (or CREST accounts credited) on Friday 8 February 2019 to shareholders on the register as at close of business on Friday 25 January 2019 with a corresponding ex-dividend date of Thursday 24 January 2019.

This dividend follows the first interim dividend of €0.27 per share in respect of the six-month financial period ended 30 June 2018, announced on 11 July 2018 and distributed in August 2018.  This results in a full year dividend for the 2018 financial year of €0.54 per share, which is consistent with guidance previously announced and the Company's target of paying a sustainable and growing dividend on a semi-annual basis.

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]

Andrew Potts

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 has a majority 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 over 170 professionals across Romania and Poland, the combined value of its portfolio is nearly €2.5 billion, as at 30 June 2018, proforma for H2-18 acquisitions. Over 90% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of some 510 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.

IMPORTANT NOTICE:  This announcement has been prepared for the purposes of complying with the applicable laws and regulations of the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.  This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward looking statements include all matters that are not historical facts and involve predictions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies and the industry in which it operates. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. Save as required by law or regulation, the Company disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.

 

END

 

 

DIVUSVARKVAAAAR