Share Issue/Capital Change • Mar 28, 2018
Share Issue/Capital Change
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National Storage Mechanism | Additional information
RNS Number : 2753J
Globalworth Real Estate Inv Ltd
28 March 2018
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.
28 March 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 189,668 ordinary shares of no par value in the Company ("Ordinary Shares") to its wholly owned subsidiary Globalworth Investment Advisers Limited ("GIAL"). These shares are being issued in satisfaction of the share portion of the Variable Annual Fee due for the year ended 31 December 2017, per the Investment Advisory Agreement between the Company and GIAL signed on 24 July 2013 (as amended).
The Ordinary Shares are being issued at €8.75 per Ordinary Share, being the subscription price in the €340m equity fundraising completed in December 2017.
Application has been made for 189,668 new Ordinary Shares to be admitted to trading on AIM on 6 April 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 35,713 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 an AIM-listed real estate company active in Central and Eastern Europe. It has become the leading office investor in the Romanian real estate market and now has established a significant platform in Poland, through a 72% shareholding in Globalworth Poland, the new brand for Griffin Premium RE.. N.V. (GPRE), 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, through which it benefits from a strong rental income profile from high quality tenants from around the globe. Managed by approximately 110 professionals across Romania and Poland, the combined value of its portfolio is €1.9 billion, of which over 90% 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, whilst assets in Poland span Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice. For more information, please refer to http://www.globalworth.com/.
This information is provided by RNS
The company news service from the London Stock Exchange
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