Globalworth Real Estate Inv Ltd Buy back of Shares into Treasury & TVR (9907U)

TIDMGWI

RNS Number : 9907U

Globalworth Real Estate Inv Ltd

31 March 2023

FOR IMMEDIATE RELEASE

31 March 2023

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Buy back of Shares into Treasury and Total Voting Rights

Globalworth announces that, pursuant to the shareholder authorities given at the AGM on 20 June 2022, put options have been exercised by employee shareholders in relation to 58,880 ordinary shares of no par value which had been recently transferred out of treasury to satisfy awards made under the share award plan in place for employees of the Company's subsidiaries, and, as a result, these shares have now been bought back by the Company and transferred into treasury. The Company now holds 838,118 ordinary shares in treasury.

The total number of ordinary shares in issue excluding shares held as treasury shares is 221,588,969, and this is the total number of the 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.

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

 
 Enquiries 
 Stamatis Sapkas                         Tel: [phone] 
  Chief Financial Officer 
 Panmure Gordon (Nominated Adviser and   Tel: [phone] 
  Broker) 
  Dominic Morley 
 

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 260 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is EUR3.2 billion, as at 31 December 2022. Approximately 96.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 690 national and multinational corporates. In Poland, Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti, Arad, Oradea and Targu Mures.

For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.

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March 31, 2023 08:29 ET (12:29 GMT)