REG - Globalworth Real Est - Notice of AGM

Globalworth Real Estate InvestmentsAnnouncement

15/05/2024 10:15

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RNS Number : 5484O  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
(http://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: ir@globalworth.com (mailto:ir@globalworth.com) . It is
also available to review and/or download at
www.globalworth.com/investor-relations/financial-reports-and-presentation
(http://www.globalworth.com/investor-relations/financial-reports-and-presentation)

 

For further information visit www.globalworth.com
(http://www.globalworth.com/)  or contact:

 Enquiries

 Rashid Mukhtar                                 Tel: +40 732 800 000

 Group CFO
 Panmure Gordon (Nominated Adviser and Broker)  Tel: +44 20 7886 2500

 Dominic Morley

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.

 

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