Globalworth Real Estate Inv Ltd Corporate Governance and Board Committee Changes (4493J)
27 April 2022 - 4:01PM
UK Regulatory
TIDMGWI
RNS Number : 4493J
Globalworth Real Estate Inv Ltd
27 April 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
27 April 2022
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
Corporate Governance and Board Committee Changes
Globalworth, the leading office investor in Central and Eastern
Europe, announces that, as part of its ongoing streamlining of
processes and procedures, the Board has approved the adoption of
the QCA Code of Corporate Governance (the "QCA Code") and will
report against the QCA Code for the year ending 31 December 2022
onwards. In considering the adoption of the QCA Code, the Board
took into account that the majority of AIM listed companies apply
the QCA Code and also noted that the QCA's approach to good
corporate governance is about ensuring that the board of a company
is set up to make robust decisions and manage risk - and making
sure "the right people are in the right roles, working together,
and doing the right things to deliver value for shareholders as a
whole over the medium to long term".
In addition, the Board has resolved to recombine its separate
Audit Committee and Risk Committee into a single Audit & Risk
Committee, which is more typical of an AIM listed company, and its
terms of reference can be found on the Company's website at
www.globalworth.com/investor-relations/corporate-governance/. The
composition of the (combined) Audit & Risk Committee is as
follows: Andreas Tautscher (Chair), Daniel Malkin, Richard van
Vliet, David Maimon. All other Board committees remain
unchanged.
For further information visit www.globalworth.com or
contact:
Enquiries
Stamatis Sapkas Tel: +40 732 800 000
Deputy Chief Investment Officer (CFO from 1/5/22)
Panmure Gordon (Nominated Adviser and Broker) Tel: +44 20 7886
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
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 240 professionals across
Cyprus, Guernsey, Poland and Romania, a combined value of its
portfolio is EUR3.2 billion, as at 31 December 2021. Approximately
95.9% of the portfolio is in income-producing assets, predominately
in the office sector, and leased to a diversified array of over 660
national and multinational corporates. In Poland Globalworth is
present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice,
while in Romania its assets span Bucharest, Timisoara, Constanta,
Pitesti, Arad and Oradea.
For more information, please visit www.globalworth.com and
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