Globalworth Real Estate Inv Ltd Results of Annual General Meeting (1311R)

TIDMGWI

RNS Number : 1311R

Globalworth Real Estate Inv Ltd

12 June 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.

12 June 2018

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Results of Annual General Meeting

The Board of Directors of the Company is pleased to announce that, at the annual general meeting of the Company held on Tuesday 12 June 2018, all the resolutions relating to both the ordinary business and the special business were duly passed by shareholders. Votes were as follows:

1. IT WAS RESOLVED that, the Company's annual report and audited financial statements for the year ended 31 December, 2017, together with the directors' and auditor's reports thereon, be received and adopted.

(98,001,728 votes cast, all in favour, none against and none withheld).

   2.            IT WAS RESOLVED that, Ernst & Young LLP be re-appointed as auditor of the Company. 

(98,001,728 votes cast, all in favour, none against and none withheld).

   3.            IT WAS RESOLVED that the Directors be authorised to agree the auditor's remuneration. 

(98,001,728 votes cast, all in favour, none against and none withheld).

   4.            IT WAS RESOLVED that, Mr Geoffrey Miller be re-appointed as a director. 

(98,001,728 votes cast, 97,541,389 in favour, 171,000 against and 289,339 withheld).

   5.            IT WAS RESOLVED that, John Whittle be re-appointed as a director. 

(98,001,728 votes cast, 95,565,854 in favour, 2,146,535 against and 289,339 withheld).

   6.            IT WAS RESOLVED that, Mr Eli Alroy be re-appointed as a director. 

(98,001,728 votes cast, all in favour, none against and none withheld).

   7.            IT WAS RESOLVED that, Ms Andreea Petreanu be re-appointed as a director. 

(98,001,728 votes cast, all in favour, none against and none withheld).

8. IT WAS RESOLVED that, in replacement of all previous authorities, the Company be authorised, in accordance with section 315(1)(a) of The Companies (Guernsey) Law, 2008, as amended (the "Law"), to make market acquisitions (within the meaning of section 316 of the Law) of ordinary shares in the capital of the Company on the terms set out in the notice of the AGM.

(98,001,728 votes cast, all in favour, none against and none withheld).

9. IT WAS RESOLVED that, the Directors be authorised to exercise an Acquisition Share Authority in respect of 9,935,433 Shares on the terms set out in the notice of the AGM.

(98,001,728 votes cast, 97,830,728 in favour, 171,000 against and none withheld)

10. IT WAS RESOLVED that, the Directors be authorised to issue up to 88,314,958 Shares on the terms set out in the notice of the AGM

(98,001,728 votes cast, 97,830,728 in favour, 171,000 against and none withheld)

11. IT WAS RESOLVED that, the provisions relating to pre-emption rights enshrined in Article 5 of the Articles be disapplied in respect of up to 9,935,433 Shares, provided that this authority shall be limited by the terms set out in the notice of the AGM.

(98,001,728 votes cast, 97,830,728 in favour, 171,000 against and none withheld)

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

Enquiries

Andrew Cox Tel: [phone]

Head of Investor Relations & Corporate Development

Jefferies (Joint Broker) Tel: [phone]

Stuart Klein

Panmure Gordon (Nominated Adviser and Joint Broker) Tel: [phone]

Andrew Potts

Milbourne (Public Relations) Tel: [phone]

Tim Draper

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 leading office investor in the Romanian real estate market and now has established a significant platform in Poland, through a majority shareholding in Globalworth Poland, 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 EUR1.9 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

RAGSFUFSEFASELM

(END) Dow Jones Newswires

June 12, 2018 07:00 ET (11:00 GMT)