FOR IMMEDIATE RELEASE
2 October 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 30 August 2024, the Company is pleased to announce
that shareholders have elected to receive the Scrip Dividend
Alternative in respect of a total of 261,251,983 ordinary shares,
representing approximately 98.2% of the total issued share capital
of the Company as at 1 October 2024 (being the latest practicable
date prior to the date of this announcement).
As a result, in connection with the
Interim Dividend announced on 30 August 2024, the Company will pay
a total of €486,231 in cash and issue a total of 12,560,183 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 18
October 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 278,674,479 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 30 August 2024 and available on the Company's website
at
https://www.globalworth.com/investor-relations/corporate-documents/.
For further information visit
www.globalworth.com
or contact:
Enquiries
|
Rashid Mukhtar
Group CFO
|
Tel: +40 732 800 000
|
|
Panmure Liberum (Nominated
Adviser and Broker)
Atholl Tweedie
|
Tel: +44 20 7886 2500
|
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 250 professionals across Cyprus, Guernsey,
Poland and Romania the combined value of its portfolio is €2.7
billion, as at 30 June 2024. Approximately 97.3% of the portfolio
is in income-producing assets, predominately in the office sector,
and leased to a diversified array of over 650 national and
multinational corporates. In Poland Globalworth is present in
Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in
Romania its assets span Bucharest, Constanta, Targu Mures and
Craiova.
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.