Globalworth Real Estate Inv Ltd Scrip Dividend Share Reference Price (9327T)
23 March 2023 - 6:00PM
UK Regulatory
TIDMGWI
RNS Number : 9327T
Globalworth Real Estate Inv Ltd
23 March 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION. THE INFORMATION CONTAINED HEREIN DOES NOT
CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION.
FOR IMMEDIATE RELEASE
23 March 2023
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
Scrip Dividend Share Reference Price
Further to the Company's announcement on 9 March 2023 and as
further described in the scrip dividend circular published by the
Company on 9 March 2023 (the "Scrip Dividend Circular"), the
Company has approved the payment of an interim dividend in respect
of the six month period ended 31 December 2022 of 15 cents per
ordinary share (the "Interim Dividend") and shareholders may elect
to receive a scrip dividend alternative to the Interim Dividend
(the "Scrip Dividend Alternative") so that Qualifying Shareholders
receive new ordinary shares in the Company (the "Scrip Dividend
Shares") instead of cash in respect of all or part of their
entitlement to the Interim Dividend calculated on the basis of the
Reference Price.
The Reference Price is 228 cents per Scrip Dividend Share. The
Reference Price has been determined by the Company on the basis of
a discount of 20% to the average of the middle market quotations
for the Company's shares as derived from the London Stock Exchange
plc (a recognised investment exchange showing quotations for the
Company's shares) on the five consecutive dealing days from and
including the Ex-Dividend Date.
The final date and time for Qualifying Shareholders to elect to
receive the Scrip Dividend Alternative is 5.00 p.m. on 31 March
2023. The process for electing to receive the Scrip Dividend
Alternative is set out in the Scrip Dividend Circular, which is
available on the Company's website at
https://www.globalworth.com/investor-relations/corporate-documents/
.
It has also come to the Company's attention that the Company's
announcement on 9 March 2023 and the Scrip Dividend Circular
contained an error in relation to the expected payment date of the
cash dividend to CREST shareholders and certificated shareholders.
The correct payment date is 18 April 2023.
All capitalised terms used in this announcement shall, unless
otherwise defined, have the meanings given to them in the Scrip
Dividend Circular.
EXPECTED TIMETABLE OF EVENTS - CORRECTED DATES AND TIMES
2023
Final time and date to elect to receive 5.00 p.m. on 31
the Scrip Dividend Alternative March
Cash Dividend: Payment to CREST shareholders 18 April
Cash Dividend: Payment to certificated 18 April
shareholders
Scrip Dividend Alternative: Posting of 18 April
share certificates for new Scrip Dividend
Shares to certificated shareholders
Scrip Dividend Alternative: Crediting new 18 April
Scrip Dividend Shares to accounts of CREST
shareholders
Admission of new Scrip Dividend Shares 18 April
to trading on AIM
The above times and/or dates may be subject to change and, in
the event of such change, the revised times and/or dates will be
notified to shareholders by an announcement through a regulatory
information service.
Enquiries
Stamatis Sapkas Tel: +40 732 800 000
Chief Financial Officer
Panmure Gordon (Nominated Adviser and Tel: +44 20 7886 2500
Broker)
Dominic Morley
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 260 professionals across
Cyprus, Guernsey, Poland and Romania, a combined value of its
portfolio is EUR3.2 billion, as at 31 December 2022. Approximately
96.4% of the portfolio is in income-producing assets, predominately
in the office sector, and leased to a diversified array of over 690
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, Oradea and Targu Mures.
For more information, please visit www.globalworth.com and
follow us on Facebook, Instagram and LinkedIn.
Excluded Territories
The release, publication or distribution of this announcement in
jurisdictions other than the United Kingdom may be restricted by
law and therefore any persons who are subject to the laws of any
jurisdiction other than the United Kingdom should inform themselves
about, and observe, any applicable legal or regulatory
requirements. In particular, the ability of persons who are not
resident in the United Kingdom or who are subject to the laws of
another jurisdiction to elect to receive the Scrip Dividend
Alternative may be affected by the laws of the relevant
jurisdictions in which they are located or to which they are
subject. Any failure to comply with applicable legal or regulatory
requirements of any jurisdiction may constitute a violation of
securities laws in that jurisdiction.
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