Globalworth Real Estate Inv Ltd Directorate Change (9535H)
30 March 2020 - 5:00PM
UK Regulatory
TIDMGWI
RNS Number : 9535H
Globalworth Real Estate Inv Ltd
30 March 2020
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this information is considered to be in the public
domain.
30 March 2020
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
Directorate Change
Globalworth, the leading office investor in Central and Eastern
Europe, announces that Eli Alroy, a Non-Executive Director of the
Company, has resigned from the Board. The resignation has been
accepted with immediate effect.
As a consequence, Geoff Miller, Chair of the Board, will now
chair the Investment Committee and John Whittle and Andreea
Petreanu, both independent Non-Executive Directors, will become
members of the Remuneration Committee and the Nomination Committee,
respectively, in place of Mr Alroy.
Geoff Miller, Chair of the Board, Globalworth, commented: "The
Board would like to thank Mr Alroy for his invaluable contribution
to the Company since its IPO in 2013. His counsel has been
instrumental to Globalworth becoming the leading office investor
and landlord in Central and Eastern Europe."
For further information visit www.globalworth.com or
contact:
Enquiries
Geoff Miller Tel: +44 20 7886
Chair 2500
Jefferies (Joint Broker) Tel: +44 20 7029
Stuart Klein 8000
Panmure Gordon (Nominated Adviser and Joint Tel: +44 20 7886
Broker) 2500
Alina Vaskina
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. 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 c.240
professionals across Cyprus, Guernsey, Romania and Poland , the
combined value of its portfolio is EUR3.0 billion, as at 31
December 2019. Approximately 93.4% 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 its assets span in Bucharest, Timisoara, Constanta and
Pitesti. 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
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