Last checked at 25 Nov 2016 15:30
Globalworth Real Estate Investments Limited
Results of EGM
Globalworth Real Estate Investments Limited (the "Company") is pleased to announce that the resolutions (the "Resolutions") proposed at the Extraordinary General Meeting held today to approve the terms of a new fee arrangement (the "Plan") for its subsidiary, Globalworth Investment Advisers Limited, the Company's internal investment adviser, were duly passed.
Further details of the Plan and the Resolutions were set out in the circular to shareholders dated 1 November 2016.
Details of the proxies from shareholders in respect of the Resolutions are set out below:
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Resolution | For | Against | Withheld | |||
Number | % | Number | % | Number | % | |
1: Approval of Plan  | 55,442,527 | 100 | 0 | 0 | 0 | 0 |
2: Authority to allot and issue shares pursuant to the Plan | 52,938,366 | 95.5 | 2,504,161 | 4.5 | 0 | 0 |
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For further information visit www.globalworth.com or contact:
Globalworth Real Estate Investments Limited Dimitris Raptis  | Tel: +40 372 800 000 |
Panmure Gordon (Nominated Adviser and Joint Broker) Andrew Potts  | Tel: +44 20 7886 2500  |
Cantor Fitzgerald Europe (Joint Broker) Rick Thompson David Foreman  | Tel: +44 20 7894 7000 |
Milbourne (Public Relations) Tim Draper | Tel: +44 7903 802545 |
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About Globalworth
Globalworth Real Estate Investments Limited is a real estate investment company founded by real estate investor and developer Ioannis Papalekas currently focused on taking advantage of investment opportunities in Romania. The Company's shares were admitted to trading on AIM in July 2013.
The Romanian market offers an attractive real estate investment proposition in the medium-to-long term. Globalworth believes that global investor capital flows will gradually move from markets considered as "safe havens" to more peripheral markets such as Romania in search of higher yielding investments. As a result, Romania should, in due course, become a more attractive destination for a wide investor audience. Globalworth anticipates holding an early mover advantage in and benefitting from this gradual shift in investor sentiment.