Globalworth Real Estate Inv Ltd Delisting of GPRE (3132X)
27 April 2019 - 3:00AM
UK Regulatory
TIDMGWI
RNS Number : 3132X
Globalworth Real Estate Inv Ltd
26 April 2019
26 April 2019
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
Delisting of GPRE
As announced on 8 April 2019, the Company has today commenced
the procedure for the delisting of Globalworth Poland Real Estate
N.V. ("GPRE"), its 99.6% owned subsidiary, from the regulated
market operated by the Warsaw Stock Exchange. This process is
expected to be finalised in the course of this year. A further
update will be issued in due course.
For further information visit www.globalworth.com or
contact:
Enquiries
Andrew Cox Tel: +44 20 3026 4027
Head of Investor Relations & Corporate Development
Jefferies (Joint Broker)
Tel: +44 20 7029 8000
Stuart Klein
Panmure Gordon (Nominated Adviser and Joint Broker) Tel: +44 20
7886 2500
Alina Vaskina/Justin Gulston
Milbourne (Public Relations) Tel: +44 7903 802545
Tim Draper
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
Romania and in Poland, where the Company currently has a 99.6%
shareholding in Globalworth Poland, a pure-play Polish real estate
platform listed on the Warsaw Stock Exchange. Globalworth acquires,
develops and directly manages high-quality office and
logistics/light-industrial real estate assets in prime locations,
generating rental income from high quality tenants from around the
globe. Managed by nearly 200 professionals across Romania and
Poland, the combined value of its portfolio is over EUR2.5 billion,
as at 31 December 2018 and proforma for subsequent acquisitions.
Over 90% of the portfolio is in income-producing assets,
predominately in the office sector, and leased to a diversified
array of some 650 national and multinational corporates. In
Romania, Globalworth is present in Bucharest, Timisoara and
Pitesti, while in Poland its assets span Warsaw, Wroclaw, Lodz,
Krakow, Gdansk and Katowice. For more information, please visit
www.globalworth.com and follow us on Facebook, Instagram and
LinkedIn.
IMPORTANT NOTICE: This announcement has been prepared for the
purposes of complying with the applicable laws and regulations of
the United Kingdom and the information disclosed may not be the
same as that which would have been disclosed if this announcement
had been prepared in accordance with the laws and regulations of
any jurisdiction outside of the United Kingdom. This announcement
may include statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements may
be identified by the use of forward-looking terminology, including
the terms "targets", "believes", "estimates", "plans", "projects",
"anticipates", "expects", "intends", "may", "will" or "should" or,
in each case, their negative or other variations or comparable
terminology, or by discussions of strategy, plans, objectives,
goals, future events or intentions. These forward looking
statements include all matters that are not historical facts and
involve predictions. Forward-looking statements may and often do
differ materially from actual results. Any forward-looking
statements reflect the Company's current view with respect to
future events and are subject to risks relating to future events
and other risks, uncertainties and assumptions relating to the
Company's business, results of operations, financial position,
liquidity, prospects, growth or strategies and the industry in
which it operates. Forward-looking statements speak only as of the
date they are made and cannot be relied upon as a guide to future
performance. Save as required by law or regulation, the Company
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements in this
announcement that may occur due to any change in its expectations
or to reflect events or circumstances after the date of this
announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCKMGZDVVNGLZM
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