FOR IMMEDIATE RELEASE
11 April 2024
Globalworth Real Estate
Investments Limited
("Globalworth"
or
the "Company")
Issuance of Scrip Dividend
Shares and Admission to AIM
Further to the Company's
announcement on 28 March 2024, the Company is pleased to announce
that shareholders have elected to receive the Scrip Dividend
Alternative in respect of a total of 248,765,748 ordinary shares,
representing approximately 98.65% of the total issued share capital
of the Company as at 10 April 2024 (being the latest practicable
date prior to the date of this announcement).
As a result, in connection with the
Interim Dividend announced on 12 March 2024, the Company will pay a
total of €375,769 in cash and issue a total of 13,961,334 Scrip Dividend
Shares.
Application will be made for the
Scrip Dividend Shares to be admitted to trading on AIM. Admission
of the Scrip Dividend Shares is expected to become effective on 26
April 2024.
The Scrip Dividend Shares will rank
pari passu in all respects with the existing ordinary shares of the
Company.
Immediately following the issuance
of the Scrip Dividend Shares, the total number of ordinary shares
in the Company in issue excluding shares held as treasury shares
will be 266,202,314 and this is the total number of 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.
All capitalised terms used in this
announcement shall, unless otherwise defined, have the meanings
given to them in the scrip dividend circular published by the
Company on 12 March 2024 and available on the Company's website
at
https://www.globalworth.com/investor-relations/corporate-documents/.
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Enquiries
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Rashid Mukhtar
Group CFO
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Tel: +40 732 800 000
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Panmure Gordon (Nominated Adviser
and Broker)
Dominic Morley
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Tel: +44 20 7886 2500
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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 269 professionals across Cyprus, Guernsey,
Poland and Romania the combined value of its portfolio is €3.0
billion, as at 31 December 2023. Approximately 96.8% of
the portfolio is in income-producing assets, predominately in the
office sector, and leased to a diversified array of
over 715 national and multinational corporates. In Poland
Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and
Katowice, while in Romania it has assets in Bucharest and
seven other cities.
For more information, please
visit www.globalworth.com
and follow us on Facebook, Instagram and
LinkedIn.
Excluded Territories
The release, publication or
distribution of this announcement in jurisdictions other than the
United Kingdom may be restricted by law and therefore any persons
who are subject to the laws of any jurisdiction other than the
United Kingdom should inform themselves about, and observe, any
applicable legal or regulatory requirements. In particular, the
ability of persons who are not resident in the United Kingdom or
who are subject to the laws of another jurisdiction to elect to
receive the Scrip Dividend Alternative may be affected by the laws
of the relevant jurisdictions in which they are located or to which
they are subject. Any failure to comply with applicable legal or
regulatory requirements of any jurisdiction may constitute a
violation of securities laws in that jurisdiction.