Globalworth Real Estate Inv Ltd Application for Admission to AIM (0749M)
10 October 2016 - 5:00PM
UK Regulatory
TIDMGWI
RNS Number : 0749M
Globalworth Real Estate Inv Ltd
10 October 2016
Globalworth Real Estate Investments Limited
Application for Admission to AIM
Guernsey, 10 October 2016: Globalworth Real Estate Investments
Ltd. (AIM: GWI) ("Globalworth" or the "Company") announces the
allotment of 300,000 ordinary shares of no par value in the Company
("Ordinary Shares") to its subsidiary Globalworth Investment
Advisers Limited ("GIAL") in satisfaction of a fee-related
liability owed by the Company to GIAL, per the Investment Advisory
Agreement between the Company and GIAL signed on 24 July 2013.
The Ordinary Shares have been allotted at EUR6.00 per Ordinary
Share, representing a premium to the volume-weighted average market
price over the 90 trading days prior to the date of allotment.
Application has been made for 300,000 new Ordinary Shares to be
admitted to trading on AIM on 13 October 2016. As a result, the
Company's enlarged issued share capital will comprise 64,323,987
Ordinary Shares with voting rights in the Company. As the Company
holds no shares in treasury, this is the total number of the voting
rights in the Company which may be used by shareholders as the
denominator for the calculations by which they determine if they
are required to notify their interest, or a change in the interest,
in the share capital of the Company under Chapter 5 of the FCA's
Disclosure Guidance and Transparency Rules as reflected in the
Company's articles of incorporation.
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014.
For further information visit www.globalworth.com or
contact:
Panmure Gordon (Nominated Tel: +44 20 7886 2500
Adviser and Joint Broker)
Andrew Potts
Cantor Fitzgerald Europe Tel: +44 20 7894 7000
(Joint Broker)
Rick Thompson
David Foreman
Milbourne (Public Relations) Tel: +44 20 3540 6458
Tim Draper
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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