Globalworth Real Estate Inv Ltd Result of EGM (2776Y)
04 December 2017 - 9:36PM
UK Regulatory
TIDMGWI
RNS Number : 2776Y
Globalworth Real Estate Inv Ltd
04 December 2017
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
EGM Results
Globalworth Real Estate Investments Limited (the "Company") is
pleased to announce that the resolutions (the "Resolutions")
proposed at the Extraordinary General Meeting of the Company held
today were duly passed.
As announced on 27 November 2017, the Company intends to proceed
with an equity fundraising to raise approximately EUR300 million
through a non-pre-emptive placing of new ordinary shares (the
"Placing Shares"), with the ability to increase this dependent on
demand (the "Placing").
In summary, the Resolutions were to provide the shareholder
authorities necessary to issue the Placing Shares pursuant to the
Placing.
Further details of the Resolutions were set out in the circular
to shareholders dated 14 November 2017.
Details of the proxy votes received in respect of the
Resolutions are set out below:
Resolution For Against Withheld
Number % Number % Number %
-------------------- ---------------- --------- ------------ --------- ------------ -------
1: ORDINARY
RESOLUTION:
General authority
to issue
Shares 77,125,059 100 0 100 0 0
-------------------- ---------------- --------- ------------ --------- ------------ -------
2: SPECIAL
RESOLUTION:
Disapplication
of general
pre-emption
rights 77,125,059 100 0 100 0 0
-------------------- ---------------- --------- ------------ --------- ------------ -------
For further information visit www.globalworth.com or
contact:
Andrew Cox Tel: +44 20 3026
Head of Investor Relations & Corporate 4027
Development
Andrew Potts Tel: +44 20 7886
Panmure Gordon (Nominated Adviser 2500
and Joint Broker)
Stuart Klein Tel: +44 20 7029
Jefferies (Joint Broker) 8000
Tim Draper Tel: +44 7921
Milbourne (Public Relations) 881 800
About Globalworth
Globalworth is a real estate investment company active in
Central and Eastern Europe, and has become the leading office
investor in the Romanian real estate market. Globalworth acquires,
develops and directly manages high-quality office and
logistics/light-industrial real estate assets in prime locations,
through which it benefits from a strong rental income profile from
high quality tenants from around the globe. With approximately 70
professionals managing it, Globalworth's portfolio, as at 30
September 2017, was valued in excess of EUR1 billion, of which 90%
is in income-producing assets and over 80% in the office sector.
Globalworth has a strong and supportive investor base, having been
listed on the AIM Market of London Stock Exchange since 2013 and in
2017 issued its debut Eurobond on the Irish and Bucharest stock
exchanges.
On 29 November Globalworth announced that its strategic
investment in Griffin Premium R.E.. N.V. ("GPRE") had become
unconditional and it is to acquire a 67.9% shareholding. GPRE is a
pure-play Polish real estate platform that primarily owns
high-quality office and mixed-use assets located in Warsaw and
across a number of other key cities, notably Wroclaw, Lodz, Krakow
and Katowice. Its portfolio comprises six office and three
mixed-use (office and retail) properties, and benefits from a
further pipeline of contracted acquisitions. For more information
please refer to related regulatory announcements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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