Result of AGM

Globalworth Real Estate Inv Ltd

17 June 2024

 

FOR IMMEDIATE RELEASE

17 June 2024

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Results of AGM

The Board of Directors of the Company is pleased to announce that at the annual general meeting of the Company held today, all the resolutions relating to both the ordinary business and the special business, as set out in the Notice of AGM dated 15 May 2024, were duly passed by shareholders.  Resolutions 1 - 10 were passed as Ordinary Resolutions and Resolution 11 as a Special Resolution. Votes were as set out below:

Resolution		In Favour		Discretion		Against		Withheld
		Votes	%	Votes	%	Votes	%	Votes	%
1	To receive and adopt the Company's annual report and audited financial statements for the year ended 31 December 2023, together with the directors' and auditor's reports thereon	260,679,500	100	0	0.00	0	0.00	0	0.00
2	To re-appoint Ernst & Young Cyprus Limited as auditor of the Company	260,679,500	100	0	0.00	0	0.00	0	0.00
3	To authorise the Directors to agree the auditor's remuneration	260,679,500	100	0	0.00	0	0.00	0	0.00
4	To re-appoint Mr David Maimon as a director	260,081,869	99.77	0	0.00	597,631	0.23	0	0.0
5	To re-appoint Mr Dennis Selinas as a director	260,679,500	100	0	0.00	0	0.00	0	0.00
6	To authorise the Company, in replacement of all previous authorities, in accordance with section 315(1)(a) of The Companies (Guernsey) Law, 2008, as amended (the "Law"), to make market acquisitions (within the meaning of section 316 of the Law) of ordinary shares in the capital of the Company on the terms set out in the Notice of AGM	260,679,500	100	0	0.00	0	0.00	0	0.00
7	To authorise the Directors to exercise an Acquisition Share Authority in respect of up to 19,958,572 Shares on the terms set out in the Notice of AGM	260,679,500	100	0	0.00	0	0.00	0	0.00
8	To authorise the Directors to issue up to 177,409,531 Shares on the terms set out in the Notice of AGM	260,679,500	100	0	0.00	0	0.00	0	0.00
9	To approve and authorise, pursuant to section 314(2) of the Companies (Guernsey) Law, 2008 as amended, the terms of the proposed option and off market buy back instrument (the "Buy Back Instrument") for the acquisition by the Company of the Sale Shares (as defined therein), and to authorise the Company to execute the Buy Back Instrument	260,679,500	100	0	0.00	0	0.00	0	0.00
10	To confirm that the authority to execute the Buy Back Instrument pursuant to resolution 8 above shall expire on 17 June 2025 however, the expiration of such authority shall not prevent the Company from purchasing the Sale Shares after the expiration of the authority in accordance with the terms of the Buy Back Instrument made and agreed prior to the expiration of the authority	260,679,500	100	0	0.00	0	0.00	0	0.00
11	To disapply in respect of up to 19,958,572 Shares the provisions relating to pre-emption rights enshrined in Article 5 of the Articles, provided that this authority shall be limited by the terms set out in the Notice of AGM	260,679,500	100	0	0.00	0	0.00	0	0.00

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.

For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.

 

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