REG - Globalworth Real Est - Result of AGM

Globalworth Real Estate InvestmentsAnnouncement

17/06/2024 10:30

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RNS Number : 6982S  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          260,679,500  100    0           0.00   0        0.00   0         0.00
         statements for the year ended 31 December 2023, together with the directors'
         and auditor's reports thereon
 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        260,679,500  100    0           0.00   0        0.00   0         0.00
         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
 7       To authorise the Directors to exercise an Acquisition Share Authority in        260,679,500  100    0           0.00   0        0.00   0         0.00
         respect of up to 19,958,572 Shares on the terms set out in the Notice of AGM
 8       To authorise the Directors to issue up to 177,409,531 Shares on the terms set   260,679,500  100    0           0.00   0        0.00   0         0.00
         out in the Notice of AGM
 9       To approve and authorise, pursuant to section 314(2) of the Companies           260,679,500  100    0           0.00   0        0.00   0         0.00
         (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
 10      To confirm that the authority to execute the Buy Back Instrument pursuant to    260,679,500  100    0           0.00   0        0.00   0         0.00
         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
 11      To disapply in respect of up to 19,958,572 Shares the provisions relating to    260,679,500  100    0           0.00   0        0.00   0         0.00
         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

 

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.

For more information, please visit www.globalworth.com
(http://www.globalworth.com) and follow us on Facebook, Instagram and
LinkedIn.

 

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