Globalworth Regulatory News (GWI)

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.

24 June 2019

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Results of Annual General Meeting 

The Board of Directors of the Company is pleased to announce that, at the annual general meeting of the Company held on Monday 24 June 2019, all the resolutions relating to both the ordinary business and the special business were duly passed by shareholders. Votes were as follows: 

1. IT WAS RESOLVED that the Company's annual report and audited financial statements for the year ended 31 December 2018, together with the directors' and auditor's reports thereon, be received and adopted.

(92,748,559 votes cast, all in favour, none against and none withheld).

2. IT WAS RESOLVED that Ernst & Young Cyprus Limited be re-appointed as auditor of the Company.

(92,748,559 votes cast, all in favour, none against and none withheld).

3. IT WAS RESOLVED that the Directors be authorised to agree the auditor's remuneration.

(92,748,559 votes cast, all in favour, none against and none withheld).

4. IT WAS RESOLVED that Mr Geoffrey Miller be re-appointed as a director.

(92,748,559 votes cast, 91,695,119 in favour, 182,410 against and 871,030 withheld).

5. IT WAS RESOLVED that John Whittle be re-appointed as a director.

(92,748,559 votes cast, 91,417,969 in favour, 1,330,590 against and none withheld).

6. IT WAS RESOLVED that Mr Eli Alroy be re-appointed as a director.

(92,748,559 votes cast, all in favour, none against and none withheld).

7. IT WAS RESOLVED that Ms Andreea Petreanu be re-appointed as a director.

(92,748,559 votes cast, all in favour, none against and none withheld).

8. IT WAS RESOLVED that in replacement of all previous authorities, the Company be authorised, in accordance with section 315(1)(a) of The Companies (Guernsey) Law, 2008, as amended (the "Law"), to make market acquisitions (within the meaning of section 316 of the Law) of ordinary shares in the capital of the Company on the terms set out in the notice of the AGM.

(92,748,559 votes cast, 92,729,405 in favour, 19,154 against and none withheld).

9. IT WAS RESOLVED that the Directors be authorised to exercise an Acquisition Share Authority in respect of 14,285,813 Shares on the terms set out in the notice of the AGM.

(92,748,559 votes cast, 92,095,968 in favour, 652,591 against and none withheld).

10. IT WAS RESOLVED that the Directors be authorised to issue up to 126,985,003 Shares on the terms set out in the notice of the AGM.

(92,748,559 votes cast, 87,195,063 in favour, 835,001 against and 4,718,495 withheld).

11. IT WAS RESOLVED that the provisions relating to pre-emption rights enshrined in Article 5 of the Articles be disapplied in respect of up to 14,285,813 Shares, provided that this authority shall be limited by the terms set out in the notice of the AGM.

(92,748,559 votes cast, 91,076,894 in favour, 929,741 against and 741,924 withheld).

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

Alina Vaskina/Justin Gulston

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 currently has a 99.6% 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 nearly 200 professionals across Romania and Poland, the combined value of its portfolio is over €2.5 billion, as at 31 December 2018 and proforma for subsequent acquisitions. Over 90% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of some 650 national and multinational corporates. 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.