Globalworth Real Estate Inv Ltd Notice of AGM and Availability of Annual Report (8446L)
18 May 2022 - 2:27AM
UK Regulatory
TIDMGWI
RNS Number : 8446L
Globalworth Real Estate Inv Ltd
17 May 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
17 May 2022
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
Notice of AGM and Availability of Annual Report
Notice of AGM
Globalworth announces that the following documents are available
on the Company's website at
www.globalworth.com/investor-relations/corporate-documents/ :
-- Letter to Shareholders dated 17 May 2022
-- Notice of AGM dated 17 May 2022
The Letter and the Notice of AGM should be read in full before
taking a decision. This notification is not a summary of the Letter
and the Notice of AGM, and should not be regarded as a substitute
for reading them.
The Board of Globalworth is pleased to provide formal notice of
the Company's AGM, which is set out in the Notice of AGM, and which
is to be held at the Company's registered office address located at
Anson Court, La Route des Camps, St Martin, Guernsey GY4 6AD at
10.00 a.m. on 20 June 2022.
In addition to the customary AGM business, two additional
resolutions are being proposed :
-- Pursuant to the Globalworth Share Award Plan (the "Plan"),
certain employees have the right to receive shares in the Company
which are then issued to the employees no earlier than 12 months
after the date of their award. The Company wishes to grant such
employees a put option, via an instrument (the "Buy Back
Instrument"), to require the Company to repurchase the shares
awarded (the "Sale Shares") during the three month period after
their issue, the Sale Shares to then be repurchased off-market and
at the price at which they were issued, and subject to such other
terms and conditions as set out in the Buy Back Instrument. The
total number of shares to which this relates is 97,497, which is
equivalent to 0.04% of the current total number of voting rights in
the Company .
-- The authority set out in proposed Resolution 8 is intended to
provide the Board with authority to execute the Buy Back
Instrument. Proposed Resolution 9 will permit the Company to
repurchase the Sale Shares notwithstanding the expiry of the
authority to execute the Buy Back Instrument.
2021 Annual Report
To receive a hard copy of the 2021 Annual Report, please contact
the Investor Relations team at: ir@globalworth.com . It is also
available to review and/or download at
www.globalworth.com/investor-relations/reports-presentations/
For further information visit www.globalworth.com or
contact:
Enquiries
Stamatis Sapkas Tel: +40 732 800 000
CFO
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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