Globalworth Real Estate Inv Ltd Result of EGM (2776Y)

TIDMGWI

RNS Number : 2776Y

Globalworth Real Estate Inv Ltd

04 December 2017

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

EGM Results

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

As announced on 27 November 2017, the Company intends to proceed with an equity fundraising to raise approximately EUR300 million through a non-pre-emptive placing of new ordinary shares (the "Placing Shares"), with the ability to increase this dependent on demand (the "Placing").

In summary, the Resolutions were to provide the shareholder authorities necessary to issue the Placing Shares pursuant to the Placing.

Further details of the Resolutions were set out in the circular to shareholders dated 14 November 2017.

Details of the proxy votes received in respect of the Resolutions are set out below:

 
 Resolution                 For                          Against                  Withheld 
                            Number            %          Number        %          Number        % 
--------------------  ----------------  ---------  ------------  ---------  ------------  ------- 
 1: ORDINARY 
  RESOLUTION: 
  General authority 
  to issue 
  Shares                    77,125,059        100        0             100        0             0 
--------------------  ----------------  ---------  ------------  ---------  ------------  ------- 
 2: SPECIAL 
  RESOLUTION: 
  Disapplication 
  of general 
  pre-emption 
  rights                    77,125,059        100        0             100        0             0 
--------------------  ----------------  ---------  ------------  ---------  ------------  ------- 
 

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

 
 Andrew Cox                                Tel: [phone] 
  Head of Investor Relations & Corporate    4027 
  Development 
 Andrew Potts                              Tel: [phone] 
  Panmure Gordon (Nominated Adviser         2500 
  and Joint Broker) 
 Stuart Klein                              Tel: [phone] 
  Jefferies (Joint Broker)                  8000 
 Tim Draper                                Tel: +44 7921 
  Milbourne (Public Relations)              881 800 
 

About Globalworth

Globalworth is a real estate investment company active in Central and Eastern Europe, and has become the leading office investor in the Romanian real estate market. 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. With approximately 70 professionals managing it, Globalworth's portfolio, as at 30 September 2017, was valued in excess of EUR1 billion, of which 90% is in income-producing assets and over 80% in the office sector. Globalworth has a strong and supportive investor base, having been listed on the AIM Market of London Stock Exchange since 2013 and in 2017 issued its debut Eurobond on the Irish and Bucharest stock exchanges.

On 29 November Globalworth announced that its strategic investment in Griffin Premium R.E.. N.V. ("GPRE") had become unconditional and it is to acquire a 67.9% shareholding. GPRE is a pure-play Polish real estate platform that primarily owns high-quality office and mixed-use assets located in Warsaw and across a number of other key cities, notably Wroclaw, Lodz, Krakow and Katowice. Its portfolio comprises six office and three mixed-use (office and retail) properties, and benefits from a further pipeline of contracted acquisitions. For more information please refer to related regulatory announcements.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 04, 2017 05:36 ET (10:36 GMT)