Globalworth Real Estate Inv Ltd EGM results (4359P)

TIDMGWI

RNS Number : 4359P

Globalworth Real Estate Inv Ltd

31 August 2017

Globalworth Real Estate Investments Limited

EGM Results

Globalworth Real Estate Investments Limited (the "Company") is pleased to announce that the resolutions (the "Resolutions") proposed at the Extraordinary General Meeting held today were duly passed.

In summary, the Resolutions were to authorise the Board, as permitted by and in accordance with the Articles, to exercise the powers of the Company to issue, grant options to subscribe for, or to convert any securities into, shares in the Company and to authorise the Board to be able to offer Shareholders the opportunity to elect to receive scrip dividends in the form of Shares instead of a cash dividend.

Further details of the Resolutions were set out in the circular to shareholders dated 31 July 2017.

Details of the proxies from shareholders in respect of the Resolutions are set out below:

 
 Resolution                 For                            Against                      Withheld 
                            Number            %            Number           %           Number        % 
--------------------  ----------------  -----------  ---------------  ----------  ------------  ------- 
 1: ORDINARY 
  RESOLUTION: 
  General authority 
  to issue 
  Shares                    80,330,501        98.13        1,528,224        1.87        0             0 
--------------------  ----------------  -----------  ---------------  ----------  ------------  ------- 
 2: SPECIAL 
  RESOLUTION: 
  Disapplication 
  of general 
  pre-emption 
  rights                    80,609,112        98.47        1,249,613        1.53        0             0 
--------------------  ----------------  -----------  ---------------  ----------  ------------  ------- 
 3: ORDINARY 
  RESOLUTION: 
  Approval 
  of Scrip 
  Dividend 
  Authority                 81,858,725        100          0                             0            0 
--------------------  ----------------  -----------  ---------------  ----------  ------------  ------- 
 

For further information visit www.globalworth.com or contact:

Globalworth Real Estate Investments Limited

Dimitris Raptis

Tel: [phone]

Panmure Gordon (Nominated Adviser and Joint Broker)

Andrew Potts

Tel: [phone]

Jefferies (Joint Broker)

Stuart Klein

Tel: [phone]

Milbourne (Public Relations)

Tim Draper

Tel: [phone]

About Globalworth

Globalworth is a real estate investment company active in the SEE and CEE regions with a prime focus on Romania. The Company is internally managed by c.70 professionals and its portfolio comprises high quality real estate investments valued at c.EUR1.0 billion at 30 June 2017, all located in Romania.

This information is provided by RNS

The company news service from the London Stock Exchange

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August 31, 2017 05:34 ET (09:34 GMT)