Globalworth Real Estate Inv Ltd AGM Notice & Availability of Annual Report (6381Z)
17 May 2023 - 4:00PM
UK Regulatory
TIDMGWI
RNS Number : 6381Z
Globalworth Real Estate Inv Ltd
17 May 2023
FOR IMMEDIATE RELEASE
17 May 2023
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/key-corporate-documents
:
-- Letter to Shareholders dated 17 May 2023
-- Notice of AGM dated 17 May 2023
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
9.30 a.m. on 19 June 2023. Please note this change of time (now 30
minutes earlier) from that indicated in our regulatory announcement
of 24 March 2023.
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 111, 784 which is
equivalent to 0.047% of the current total number of voting rights
in the Company .
-- The authority set out in proposed Resolution 9 is intended to
provide the Board with authority to execute the Buy Back
Instrument. Proposed Resolution 10 will permit the Company to
repurchase the Sale Shares notwithstanding the expiry of the
authority to execute the Buy Back Instrument.
2022 Annual Report
To receive a hard copy of the 2022 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/financial-reports-and-presentation
For further information visit www.globalworth.com or
contact:
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.
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