Last checked at 27 Jun 2018 18:15
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.
27 June 2018
Globalworth Real Estate Investments Limited ("Globalworth" or the "Company")
Application for Admission of Ordinary Shares to trading on AIM
Globalworth announces the issue of 90,852 ordinary shares of no par value in the Company ("Ordinary Shares"). All of these Ordinary Shares will be held by the Company in treasury and will be utilised to satisfy awards made under the share award plan in place for employees of the Company's subsidiaries.
Application will be made for 90,852 new Ordinary Shares to be admitted to trading on AIM with admission expected to take place on 4 July 2018. Following admission of these Ordinary Shares, the Company's enlarged issued share capital will comprise 132,472,437 Ordinary Shares with voting rights in the Company, and a further 126,565 ordinary shares held in treasury. The total number of ordinary shares in issue excluding shares held as treasury shares is 132,472,437, and this is the total number of the voting rights in the Company which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in the interest, in the share capital of the Company under Chapter 5 of the FCA's Disclosure Guidance and Transparency Rules as reflected in the Company's articles of incorporation.
For further information visit www.globalworth.com or contact:
Enquiries
Andrew Cox Tel: +44 20 3026 4027
Head of Investor Relations & Corporate Development
Jefferies (Joint Broker) Tel: +44 20 7029 8000
Stuart Klein
Panmure Gordon (Nominated Adviser and Joint Broker) Tel: +44 20 7886 2500
Andrew Potts
Milbourne (Public Relations) Tel: +44 7903 802545
Tim Draper
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, where the Company has a majority shareholding in Globalworth Poland, a pure-play Polish real estate platform listed on the Warsaw Stock Exchange. 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 approximately 110 professionals across Romania and Poland, the combined value of its portfolio is approximately €2.0 billion. Over 90% of this is in income-producing assets, predominately in the office sector, and leased to some 440 national and multinational corporates from 28 countries and 37 different sectors. In Romania, Globalworth is present in Bucharest, Timisoara and Pitesti, while in Poland its assets span Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice. For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.